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COR clearing margin requirements

COR Clearing LLC (“COR”) has developed and maintains on file a Business Continuity Plan (“BCP”) as it relates to FINRA Rules 3510 and 3520. In addition, COR has prepared and keeps on file an Information Systems Disaster Recovery Plan, a comprehensive and complex plan regarding technical recovery of COR data. The plans address recovery strategies, critical business processes, recovery teams, and recovery procedures. The Executive Vice President Operations or Chief Operations Officer have the authority to approve and execute the BCP.

COR maintains two business offices:

  • The Operations Office (“Omaha office”) is located at 1200 Landmark Centr, Suite 800, Omaha NE . Our main telephone number is 402-384-6100. All clearing operations functions are performed at this office.
  • The Stock Loan Office is in New Jersey located at Metropark Corporate Campus, 379 Thornall Street, Edison, New Jersey 08837. Our main telephone number is 732-780-0261.

The Technology/DR Center is located at 1001 Fort Crook Road North, Bellevue NE. This location is our primary data center.

Our data backup center is located at 1200 Landmark Center, Suite 800, Omaha NE . Our main telephone number is 402-384-6100.

COR performs clearing activities to introducing broker/dealers which include, but are not limited to, executing, clearing and settling securities transaction on behalf of the introducing firm, preparing and delivering confirmations of transactions and periodic account statements, extending credit (margin), performing cashiering unctions such as receiving and delivering checks, funds and securities and collecting commission and other fees of introducing broker/dealers, safeguarding account funds and securities and maintaining books and records of the accounts.COR will disclose in writing a summary of our BCP to correspondents at the time an executed clearing agreement is received and when changes or updates are made to our plan.

It is COR’s policy to respond to a Significant Business Disruption (“SBD”) by safeguarding employees’ lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the firm’s books and records, and allowing our customers to transact business.

COR’s BCP anticipates several kinds of disaster recovery levels, including immediate, short-term and long term. Recovery refers to the restoration of clearing and settlement activities after a wide-scale disruption; resumption refers to the capacity to accept and process new transactions and payments after a wide-scale disruption. The decision to formally declare a disaster will be made within four (4) hours of an incident. A disaster will be declared if the disruption of computing services is expected to last beyond eight (8) hours. COR will notify their correspondents within four (4) hours of the incident if we declare a SBD.

Data Backup and Recovery (Hard Copy and Electronic)

COR maintains its primary books and records in electronic records and hard-copy at 1200 Landmark Center, Suite 800, Omaha NE.

Our Chief Technology Officer is responsible for the maintenance and backup of the electronic records. COR utilizes the Grandfather, Father, and Son (“GFS”) system to ensure data integrity. Daily backups will occur at night that will copy mission critical data. These tapes will be stored daily in a fire-resistant safe located at the Omaha Office.

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Shipping by airmail from UK: items normally reach US addresses within a few days but can take longer THE STOCK EXCHANGE: The clearing House. London, antique print c1880
Home (Shipping by airmail from UK: items normally reach US addresses within a few days but can take longer)
  • Caption below print: The clearing house
  • Condition: Good; suitable for framing. However, please note: Verso text quite apparent in margin; The image shown may have been taken from a different example of...
  • Size: 14.0 x 14.0cm, 5.5 x 5.5 inches (Small)
  • Type & Age: Year printed c1880. Antique wood engraved print
  • Verso: There are images and/or text printed on the reverse side of the picture which are likely to show through the page to some extent because the paper is quite...
Shipping by airmail from UK: items normally reach US addresses within a few days but can take longer LONDON: Clearing House, Lombard St, antique print, 1847
Home (Shipping by airmail from UK: items normally reach US addresses within a few days but can take longer)
  • Caption below print: The Clearing-House, in Lombard-Street
  • Condition: Good; suitable for framing. Please check the scan for any blemishes prior to making your purchase.
  • Size: 14.5 x 23.5cm, 5.75 x 9.25 inches (Medium)
  • Type & Age: Year printed 1847. Antique wood engraved print
  • Verso: There are images and/or text printed on the reverse side of the picture. In some cases this may be visible on the picture itself (please check the scan prior...

Popular Q&A

avatar
Where can I find margin requirements of CME?

I need to know margin requirements of gold and silver futures in CME, Thus I need official link to the list of margin requirements. I searched the web and CME website, but I could not find it. Please help

This list is about 39 pages, so it's easier to click on "Download Data" then do a search (Ctrl-F) for what you want in Excel.
PRODUCT NAME INITIAL MAINT.
E-MINI SILVER FUTURES 3375.00 2500.00
COMEX MINY GOLD FUTURES 4556.00 3375.00
Your broker will have their own set of margin requirements.

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