Please be advised that CME Clearing will introduce the banking of daily price alignment interest (PAI) for credit default swaps (CDS) in the production (live) environment on May 21st, 2012.
The consequence is that at end of day Monday, May 21st, 2012, CME Clearing will calculate price alignment interest on all open CDS positions in production for settlement the morning of Tuesday, May 22nd, 2012.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.