CME Group

CDS PAI Production Launch – Monday, June 11th, 2012
- - To
  - CDS Market Participants
- - From
  - CME Clearing
- - #
  - 12-222
- - Notice Date
  - 25 May 2012
- - Effective Date
  - 11 June 2012
- Please be advised that CME Clearing will introduce the banking of daily price alignment interest (PAI) for credit default swaps in the production (live) environment on Monday, June 11^th, 2012.
  
  For additional information regarding the price alignment interest enhancement, including a specification for the price alignment interest rate file, please refer to Clearing Advisory # 11-203 located at http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv11-203.pdf.
  
  Should you have questions, please contact the CME Client Services Team at onboarding@cmegroup.com.
  
  12-222
  
  for the full text of this advisory, click here.

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