China Construction Bank contributes to $7 billion USD 364-Day syndicated revolving credit facility to Chicago Mercantile Exchange for refinancing and general corporate purposes in 2023 (Linked to Record ID#106296, #106297, #106299 and #106270)

Project narrative

On November 8, 2012, financial close was reached on a deal in which a syndicate of banks — including the Bank of China (New York Branch) and China Bank of Communications — entered into a $5 billion USD syndicated loan agreement with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., which operates derivatives, options, and futures exchanges. The loan's maturity is one year and carries an interest rate of either Federal Funds Rates or one-month LIBOR, whichever is greater, plus 1.25% per annum. Deutsche Bank Trust Company Americas served as the collateral agent and the loan is back by secured assets. The proceeds were used by the borrower to refinance its existing credit facilities and to fund general corporate purposes. While the Bank of China contributed to this loan (Record ID#106242) and China Bank of Communications contributed (Record ID#106243) the following lenders also participated: Bank of America, Deutsche Bank AG (New York Branch), Barclays Bank PLC, The Bank of Nova Scotia, BMO Harris Bank N.A., Citibank N.A., Lloyds TSB Bank PLC, The Bank of Tokyo-Mitsubishi UFJ, UBS Loan Finance LLC, Wells Fargo Bank N.A., Fifth Third Bank, HSBC Bank USA N.A., Credit Suisse AG (Cayman Islands Branch), U.S. Bank National Association, PNC Bank N.A., The Bank of New York Mellon, Bank Hapoalim B.M., United Overseas Bank Limited, State Street Bank and Trust Company, and Brown Brothers Harriman & Co. On November 7, 2013, financial close was reached on a deal in which a syndicate of banks — including Bank of China (Chicago Branch), Bank of Communications, Agricultural Bank of China (New York Branch) — entered into a $7 billion USD syndicated loan agreement with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a global leader in operating derivatives, options, and futures exchanges. The loan's maturity is one year and carries an interest rate of either Federal Funds Rates or one-month LIBOR, whichever is greater, plus 1.5% per annum. Deutsche Bank Trust Company Americas served as the collateral agent and the loan is back by secured assets. The proceeds from this loan were allocated to refinance existing credit facilities and support general corporate purposes of CME. While the Bank of China (Record ID#106244), Bank of Communications (Record ID#106245), Agricultural Bank of China (Record ID#106246) contributed to this loan, the following lenders also participated: Bank of America, Deutsche Bank AG (New York Branch), Barclays Bank PLC, The Bank of Tokyo-Mitsubishi UFJ, Citibank N.A., BMO Harris Bank N.A., The Bank of Nova Scotia, Fifth Third Bank, Lloyds Bank PLC, Wells Fargo Bank N.A., U.S. Bank National Association, PNC Bank N.A., Credit Suisse AG (Cayman Islands Branch), HSBC Bank USA N.A., Bank Hapoalim B.M., The Bank of New York Mellon, State Street Bank and Trust Company, UBS AG (Stamford Branch), Bank of Communications Co., Ltd., United Overseas Bank Limited (New York Agency), and Brown Brothers Harriman & Co. On November 6, 2014, financial close was reached on a deal in which a syndicate of banks — including Bank of China (Chicago Branch), Bank of Communications, Agricultural Bank of China (New York Branch) — entered into a $7 billion USD syndicated loan agreement with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a global leader in operating derivatives, options, and futures exchanges. The loan's maturity is one year and carries an interest rate of either Federal Funds Rates or one-month LIBOR, whichever is greater, plus 1.5% per annum. Deutsche Bank Trust Company Americas served as the collateral agent and the loan is back by secured assets. The proceeds from this loan were allocated to refinance existing credit facilities and support general corporate purposes of CME. While the Bank of China (Record ID#106247), Bank of Communications (Record ID#106248), Agricultural Bank of China (Record ID#106249) contributed to this loan, the following lenders also participated: the following lenders also participated: Bank of America, N.A.; Bank of America, N.A., Canadian Branch; BMO Harris Bank N.A.; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; Barclays Bank PLC; Citibank, N.A.; Lloyds Bank PLC; Wells Fargo Bank, National Association; The Bank of Nova Scotia; U.S. Bank National Association; United Overseas Bank Limited, New York Agency; Deutsche Bank AG, New York Branch; Fifth Third Bank; HSBC Bank USA, N.A.; Bank Hapoalim B.M.; Credit Suisse AG, Cayman Islands Branch; PNC Bank, National Association; Santander Bank, N.A.; Royal Bank of Canada; Morgan Stanley Bank, N.A.; The Bank of New York Mellon; Société Générale SA; The Private Bank and Trust Company; Goldman Sachs Bank USA; and Brown Brothers Harriman & Co. On November 5, 2015, financial close was reached on a $7 billion USD multi-currency syndicated loan agreement involving a syndicate of banks, including Bank of China (Chicago Branch), China Bank of Communications, Agricultural Bank of China (New York Branch). This agreement was entered into with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a global leader in operating derivatives, options, and futures exchanges. The loan has a one-year maturity, and the interest rate is based on LIBOR plus an applicable margin. The proceeds from this loan were designated to provide temporary liquidity during operational disruptions and to support general clearinghouse operations for CME. While Bank of China (Record ID#106250) and Agricultural Bank of China (Record ID#106251) and China Bank of Communications (Record ID#106252) contributed to this loan, the following lenders also participated: Bank of America, N.A.; Deutsche Bank Trust Company Americas; Barclays Bank PLC; BMO Harris Bank N.A.; Citibank, N.A.; Commerzbank AG (New York Branch); Lloyds Bank PLC; The Bank of Tokyo-Mitsubishi UFJ, Ltd.; United Overseas Bank Limited (New York Agency); Wells Fargo Bank, National Association; The Bank of Nova Scotia; HSBC Bank USA, N.A.; Royal Bank of Canada; Goldman Sachs Bank USA; Brown Brothers Harriman & Co.; Societe Generale SA; Credit Suisse AG (Cayman Islands Branch); PNC Bank, National Association; Santander Bank, N.A.; Morgan Stanley Bank, N.A.; The Bank of New York Mellon; Bank Hapoalim B.M.; Fifth Third Bank; and The Private Bank and Trust Company. On November 3, 2016, financial close was reached on a $7 billion USD syndicated loan agreement involving a syndicate of banks — including the Bank of China (Chicago Branch), Agricultural Bank of China (New York Branch), China Construction Bank Corporation (London Branch), and ICBC (New York Branch). This agreement was with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a global leader in operating derivatives, options, and futures exchanges. The loan's maturity is one year and carries an interest rate of either Federal Funds Rates or one-month LIBOR, whichever is greater, plus 1.5% per annum. Deutsche Bank Trust Company Americas served as the collateral agent and the loan is back by secured assets. The proceeds from this loan were used to refinance existing credit facilities and support general corporate purposes for CME. While the Bank of China (Record ID#106253), Agricultural Bank of China (Record ID#106254), China Construction Bank Corporation (Record ID#106255) , ICBC (Record ID#106256) and Bank of Communications (Record ID#106257) contributed to this loan, other participating banks included Bank of America, Deutsche Bank AG (New York Branch), Barclays Bank PLC, Citibank N.A., BMO Harris Bank N.A., The Bank of Tokyo-Mitsubishi UFJ, Commerzbank AG (New York Branch), Lloyds Bank PLC, United Overseas Bank Limited (New York Agency), Wells Fargo Bank N.A., The Bank of Nova Scotia, HSBC Bank USA N.A., Credit Suisse AG (Cayman Islands Branch), Morgan Stanley Bank N.A., Royal Bank of Canada, Santander Bank N.A., Société Générale (New York Branch), BNP Paribas, JPMorgan Chase Bank N.A., Goldman Sachs Bank USA, The Bank of New York Mellon, Landesbank Hessen-Thüringen Girozentrale (New York Branch), and Brown Brothers Harriman & Co. On November 2, 2017, financial close was reached on a $7 billion USD syndicated loan agreement involving a syndicate of banks — including Bank of China, Agricultural Bank of China, China Construction Bank Corporation, China Bank of Communications, and ICBC. This agreement was with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a global leader in operating derivatives, options, and futures exchanges. The loan's maturity is one year and carries an interest rate of either Federal Funds Rates or one-month LIBOR, whichever is greater, plus 1.5% per annum. Citibank served as the collateral agent and the loan is back by secured assets. The proceeds from this loan were allocated to refinance existing credit facilities and support general corporate purposes for CME. While the Bank of China (Record ID#106258)), Agricultural Bank of China (Record ID#106259), China Construction Bank Corporation (Record ID#106260), China Bank of Communications (Record ID#106261) and ICBC (Record ID#106262) contributed to this loan, other participating banks included Bank of America, Citibank N.A., Barclays Bank PLC, BMO Harris Bank N.A., The Bank of Tokyo-Mitsubishi UFJ, Commerzbank AG (New York Branch), Lloyds Bank PLC, The Bank of Nova Scotia, Deutsche Bank AG (New York Branch), Wells Fargo Bank N.A., HSBC Bank USA N.A., Credit Suisse AG (Cayman Islands Branch), Morgan Stanley Bank N.A., Royal Bank of Canada, Santander Bank N.A., Société Générale (New York Branch), BNP Paribas, JPMorgan Chase Bank N.A., Goldman Sachs Bank USA, The Bank of New York Mellon, Landesbank Hessen-Thüringen Girozentrale (New York Branch), United Overseas Bank Limited (New York Agency), and Brown Brothers Harriman & Co. On November 1, 2018, financial close was reached on a $7 billion USD syndicated loan agreement involving a syndicate of banks — including Bank of China, Agricultural Bank of China, China Construction Bank Corporation, China Bank of Communications, and ICBC. This agreement was with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a global leader in operating derivatives, options, and futures exchanges. The loan's maturity is one year and carries an interest rate of either Federal Funds Rates or one-month LIBOR, whichever is greater, plus 1.5% per annum. Citibank served as the collateral agent and the loan is back by secured assets. The proceeds from this loan were allocated to refinance existing credit facilities and support general corporate purposes for CME. While the Bank of China (Record ID#106263), Agricultural Bank of China (Record ID#106264), China Construction Bank Corporation (Record ID#106265), China Bank of Communications (Record ID#106266) and ICBC (Record ID#106267) contributed to this loan, other participating banks included Bank of America, Citibank N.A., Barclays Bank PLC, BMO Harris Bank N.A., MUFG Bank, Standard Charter, Commerzbank AG (New York Branch), The Bank of Nova Scotia, Deutsche Bank AG (New York Branch), Wells Fargo Bank N.A., HSBC Bank USA N.A., Credit Suisse AG (Cayman Islands Branch), Morgan Stanley Bank N.A., Royal Bank of Canada, Santander Bank N.A., Société Générale (New York Branch), BNP Paribas, JPMorgan Chase Bank N.A., Goldman Sachs Bank USA, The Bank of New York Mellon, Landesbank Hessen-Thüringen Girozentrale (New York Branch), United Overseas Bank Limited (New York Agency), and Brown Brothers Harriman & Co. On May 1, 2019, financial close was reached on a $7 billion USD syndicated loan agreement involving a syndicate of 30 banks — including Bank of China, Agricultural Bank of China, China Construction Bank Corporation, China Bank of Communications, and ICBC. This agreement was with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a global leader in operating derivatives, options, and futures exchanges. The loan's maturity is one year and carries an interest rate of either Federal Funds Rates or one-month LIBOR, whichever is greater, plus 1.5% per annum. Citibank served as the collateral agent and the loan is back by secured assets. The proceeds from this loan were allocated to refinance existing credit facilities and support general corporate purposes for CME. While the Bank of China (Record ID#106268), Agricultural Bank of China (Record ID#106269), China Construction Bank Corporation (Record ID#106270), China Bank of Communications (Record ID#106271) and ICBC (Record ID#106272) contributed to this loan, other participating banks included Bank of America, Citibank N.A., Barclays Bank PLC, BMO Harris Bank N.A., MUFG Bank, Standard Charter, Commerzbank AG (New York Branch), The Bank of Nova Scotia, Deutsche Bank AG (New York Branch), Wells Fargo Bank N.A., HSBC Bank USA N.A., Credit Suisse AG (Cayman Islands Branch), Morgan Stanley Bank N.A., Royal Bank of Canada, Santander Bank N.A., Société Générale (New York Branch), BNP Paribas, JPMorgan Chase Bank N.A., Goldman Sachs Bank USA, The Bank of New York Mellon, Landesbank Hessen-Thüringen Girozentrale (New York Branch), United Overseas Bank Limited (New York Agency), and Brown Brothers Harriman & Co. On April 29, 2020, financial close was reached on a $7 billion USD syndicated loan agreement involving a syndicate of 29 banks — including Bank of China, Agricultural Bank of China, China Construction Bank Corporation, China Bank of Communications, and ICBC. This agreement was with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a global leader in operating derivatives, options, and futures exchanges. The loan's maturity is one year and carries an interest rate of either Federal Funds Rates or one-month LIBOR, whichever is greater, plus 1.5% per annum. Citibank served as the collateral agent and the loan is back by secured assets. The proceeds from this loan were allocated to refinance existing credit facilities and support general corporate purposes for CME. While the Bank of China (Record ID#106273), Agricultural Bank of China (Record ID#106274), China Construction Bank Corporation (Record ID#106275), China Bank of Communications (Record ID#106276) and ICBC (Record ID#106277) contributed to this loan, other participating banks included Bank of America, Citibank N.A., Barclays Bank PLC, BMO Harris Bank N.A., MUFG Bank, Standard Charter, The Bank of Nova Scotia, Deutsche Bank AG (New York Branch), Wells Fargo Bank N.A., HSBC Bank USA N.A., Credit Suisse AG (Cayman Islands Branch), Morgan Stanley Bank N.A., Royal Bank of Canada, Santander Bank N.A., Société Générale (New York Branch), BNP Paribas, JPMorgan Chase Bank N.A., Goldman Sachs Bank USA, The Bank of New York Mellon, Landesbank Hessen-Thüringen Girozentrale (New York Branch), United Overseas Bank Limited (New York Agency), and Brown Brothers Harriman & Co. On April 28, 2021, financial close was reached on a $7 billion USD syndicated loan agreement involving a syndicate of 31 banks — including Bank of China, Agricultural Bank of China, China Construction Bank Corporation, China Bank of Communications, and ICBC. This agreement was with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a global leader in operating derivatives, options, and futures exchanges. The loan's maturity is one year and carries an interest rate of either Federal Funds Rates or one-month LIBOR, whichever is greater, plus 1.5% per annum. Citibank served as the collateral agent and the loan is back by secured assets. The proceeds from this loan were allocated to refinance existing credit facilities and support general corporate purposes for CME. While the Bank of China (Record ID#106278), Agricultural Bank of China (Record ID#106279), China Construction Bank Corporation (Record ID#106280), China Bank of Communications (Record ID#106281) and ICBC (Record ID#106282) contributed to this loan, other participating banks included Bank of America, Citibank N.A., Barclays Bank PLC, BMO Harris Bank N.A., MUFG Bank, Standard Charter, The Bank of Nova Scotia, Deutsche Bank AG (New York Branch), Wells Fargo Bank N.A., HSBC Bank USA N.A., Credit Suisse AG, Commerzbank AG, CIBC Bank USA, Morgan Stanley Bank N.A., Royal Bank of Canada, Santander Bank N.A., Société Générale (New York Branch), BNP Paribas, JPMorgan Chase Bank N.A., Goldman Sachs Bank USA, The Bank of New York Mellon, Landesbank Hessen-Thüringen Girozentrale (New York Branch), United Overseas Bank Limited (New York Agency), and Brown Brothers Harriman & Co. On April 27, 2022, financial close was reached on a $7 billion USD syndicated loan agreement involving a syndicate of 30 banks — including Bank of China, Agricultural Bank of China, China Construction Bank Corporation, China Bank of Communications and ICBC. This agreement was with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a global leader in operating derivatives, options, and futures exchanges. The loan's maturity is one year and carries an interest rate of either Federal Funds Rates or one-month SOFR plus 0.1% adjustment rate, whichever is greater, plus 1.5% per annum. Citibank served as the collateral agent and the loan is back by secured assets. The proceeds from this loan were allocated to refinance existing credit facilities and support general corporate purposes for CME. While the Bank of China (Record ID#106283), Agricultural Bank of China (Record ID#106284), China Construction Bank Corporation (Record ID#106285), China Bank of Communications (Record ID#106286) and ICBC (Record ID#106287) contributed to this loan, other participating banks included Bank of America, Citibank N.A., Barclays Bank PLC, BMO Harris Bank N.A., MUFG Bank, Standard Charter, The Bank of Nova Scotia, Deutsche Bank AG (New York Branch), Wells Fargo Bank N.A., HSBC Bank USA N.A., Commerzbank AG, CIBC Bank USA, Morgan Stanley Bank N.A., Royal Bank of Canada, Santander Bank N.A., Société Générale (New York Branch), BNP Paribas, Lloyds Bank Corporate Markets PLC, Goldman Sachs Bank USA, The Bank of New York Mellon, Landesbank Hessen-Thüringen Girozentrale (New York Branch), United Overseas Bank Limited (New York Agency), and Brown Brothers Harriman & Co. On April 26, 2023, financial close was reached on a deal in which a syndicate of 31 banks—including Agricultural Bank of China Limited, Bank of China, Industrial and Commercial Bank of China (ICBC), China Construction Bank Corporation, and Bank of Communications—entered into a $7 billion USD syndicated loan agreement with Chicago Mercantile Exchange Inc. (CME), a Delaware-based subsidiary of CME Group Inc., a major global marketplace for trading derivatives and other financial instruments. The loan is a multi-currency revolving secured credit facility with a maturity of 364 days, and the interest rate is SOFR plus an applicable margin. The proceeds of this loan are intended to provide temporary liquidity to CME in cases of clearing member default, liquidity constraints, depositary default, or delays in payment systems. Collateral for this facility includes clearing firm guaranty fund contributions and performance bond assets deposited by clearing members. While BOC (Record ID#106296) Agricultural Bank of China (Record ID#106297), China Construction Bank Corporation (Record ID#106298), China Bank of Communications (Record ID#106299) and ICBC (Record ID#106300) collectively contributed to this loan, the following lenders also participated: Bank of America, N.A.; Citibank, N.A.; Barclays Bank PLC; BMO Harris Bank N.A.; MUFG Bank, Ltd.; Banco Santander, S.A., New York Branch; The Bank of Nova Scotia; The Toronto-Dominion Bank, New York Branch; U.S. Bank National Association; United Overseas Bank Limited, New York Agency; Wells Fargo Bank, National Association; Commerzbank AG, New York Branch; Deutsche Bank AG New York Branch; JPMorgan Chase Bank, N.A.; Landesbank Hessen-Thüringen Girozentrale, New York Branch; HSBC Bank USA, National Association; BNP Paribas; Goldman Sachs Bank USA; Morgan Stanley Bank, N.A.; Royal Bank of Canada; Société Générale; Standard Chartered Bank; CIBC Bank USA; Brown Brothers Harriman & Co.; The Bank of New York Mellon; and Lloyds Bank Corporate Markets PLC.