Clearing House Advisory Notices
To | Clearing Memeber Firms, Chief Financial Officers, Back Office Managers
From | Clearing House Department
Subject | December 2005 Currency Delivery Reminders
Notice Date | 2005-12-14
Notice Number | 05-279
Effective Date | 2005-12-14
The December 2005 currency delivery cycle begins Monday, December 19, 2005. Listed below are several reminders regarding the currency deliveries, detailed delivery instructions can be found at www.cme.com under http://www.cme.com/clearing/clr/del/delivery/prodcurrny1252.html. Effective with the December currency delivery, Bank of America will be removed as an agent bank and all accounts under Bank of America will be closed. Citibank will assume the role of agent for the Mexican Peso contract and JP Morgan Chase will assume the agent bank role for the CME Australian Dollar, CME Canadian Dollar, CME Swiss Franc, CME EUR/CAD Cross Rate, CME AUD/CAD Cross Rate, CME EUR/AUD Cross Rate and CME EUR/CHF Cross Rate products. A. CONTINUOUS LINKED SETTLEMENT CLS is mandatory starting with the June 2005 delivery cycle for all foreign currency deliveries exceeding $50 million per currency pair. CLS is not mandatory if the foreign currency delivery can be expected to be less than $50 million per currency deliveries. For full text of this advisory. . .