Please be advised that the BPS and GPS ACH debits/credits will now contain a message on the Harris ACH statement identifying the payment as a ‘Give-Up Payment’ or ‘Brokerage Paymnt’ for each particular exchange. This change will go into effect for GPS during the October 2014 banking cycle that will debit/credit clearing members based on September’s trading activity. The BPS enhancement will occur during the November banking cycle for trading activity occurring in October. The messages will appear as follows:
CME GROUP – GIVE-UP PAYMENT - CME
CME GROUP – GIVE-UP PAYMENT - CBT
CME GROUP – GIVE-UP PAYMENT - CMX
CME GROUP – GIVE-UP PAYMENT - NYX
CME GROUP – GIVE-UP PAYMENT - OCC
CME GROUP – BROKERAGE PAYMNT – CME
CME GROUP – BROKERAGE PAYMNT – CBT
CME GROUP – BROKERAGE PAYMNT – CMX
CME GROUP – BROKERAGE PAYMNT – NYX
This change is strictly aesthetic and will not affect the Give-Up Payment or Brokerage Payment System’s day-to-day operations.
If you have any questions or require further information, please contact CME Clearing Services (CCS) at 312-207-2525 or email CCS@cmegroup.com.
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.