Clearing  House Advisory Notices
To Clearing Member Firms, Back Office Managers
From Clearing House
Subject Clarification of Rule 20103.D-Settlement Procedures for CME Lumber
Notice Date 2005-03-07
Notice Number 05-43
Effective Date  

Participants in the delivery process for Random Length Lumber futures are reminded that, in keeping with cash market practice and past Exchange policy, any applicable surcharges noted by the rail carrier shall be considered as part of the freight rate and can be billed to the buyer through the CME Clearing House.

If there are any questions about this matter, please contact the Clearing House at 312/930-3172.

Settlement Procedures for CME Lumber (PDF)