• NOTICE OF DISCIPLINARY ACTION

      • #
      • 12-CH-1209
      • Effective Date
      • 08 March 2013
    • 12-CH-1209

      EXCHANGE DISCIPLINARY ACTION

      CLEARING MEMBER: ABN AMRO Clearing Chicago LLC

      CBOT RULE VIOLATIONS: RULE 930.J. PERFORMANCE BOND REQURIEMENTS: ACCOUNT HOLDER LEVEL OMNIBUS ACCOUNTS

      3. Clearing Members shall obtain and maintain written instructions from domestic and foreign omnibus accounts for positions which are entitled to spread or hedge performance bond rates.

      FINDINGS: Pursuant to an offer of settlement in which ABN AMRO Clearing Chicago LLC neither admitted nor denied the violations, the Clearing House Risk Committee found that ABN AMRO Clearing Chicago LLC violated the above rules.

      PENALTY: In accordance with the settlement offer, the Committee imposed a $30,000 fine.

      EFFECTIVE DATE: March 8, 2013