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April 30, 2020, 1:06 p.m. EDT

CME Group secures $7 billion credit facility to protect against a clearing member default

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By Tomi Kilgore

CME Group Inc. /zigman2/quotes/210449693/composite CME -2.35% disclosed Thursday that it agreed to an amendment that gives the commodity exchange company a $7 billion multi-currency credit facility. The company said the 364-day amended facility is intended to provide liquidity "in the event of a clearing member default," a liquidity constraint or depositary default, or in the event of a delay in the payment systems utilized by CME. The stock fell 2.8% in afternoon trading. It has dropped 19.4% over the past three months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.06% has shed 11.6%.

/zigman2/quotes/210449693/composite
US : U.S.: Nasdaq
$ 165.07
-3.98 -2.35%
Volume: 741,359
Sept. 21, 2020 12:32p
P/E Ratio
24.95
Dividend Yield
2.06%
Market Cap
$60.63 billion
Rev. per Employee
$960,349
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/zigman2/quotes/210599714/realtime
US : S&P US
3,250.99
-68.48 -2.06%
Volume: 1.37B
Sept. 21, 2020 12:32p
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