SPAN® Performance Bond System

The Standard Portfolio Analysis of Risk ( SPAN) Performance Bond System). A program that determines portfolio performance bond requirements for futures, options, cash, and other instruments. SPAN is a portfolio based approach to risk performance bond calculations which may be applied easily to any exchange's margining methodology, either gross or net, and may be incorporated into any firm's bookkeeping system. CME Clearing uses SPAN to margin clearing firms and clearing firms use SPAN to margin their customers. Chicago Mercantile Exchange Glossary

Financial and business terms. 2012.

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