Clearing House Advisory Notices
To | Clearing Member Firms
From | Back Office Managers
Subject | Allocation of March 2004 Currency Order-to-Pay Charges
Notice Date | 2004-03-31
Notice Number | 04-52
Effective Date |
Listed below is the breakdown of order-to-pay charges per contract for the March 2004 currency deliveries. The Exchange assesses these charges on a pro rata basis among all longs and shorts, deliveries. The Exchange assesses these charges on a pro rata basis among all longs and shorts,
| Order-to-Pay Charge Per Contract
| a
| AD | Australian Dollar | $1.28
| BP | British Pound | $2.29
| BY | BP/JY Cross Rate | $6.25
| CD | Canadian Dollar | $0.74
| DR | CME$Index | $2.84
| E7 | E-mini Euro FX | $0.15
| EC | Euro FX | $3.57
| JY | Japanese Yen | $2.81
| MP | Mexican Peso | $0.61
| NE | New Zealand Dollar | $0.58
| RA | South African Rand | $1.47
| RF | EC/SF Cross Rate | $4.26
| RP | EC/BP Cross Rate | $4.26
| RY | EC/JY Cross Rate | $4.13
| SF | Swiss Franc | $1.93
| UN | Norwegian Krone | $8.01
The order-to-pay charge will be assessed to each naked long and each naked short participating in currency deliveries. These charges will appear on your "Chicago Mercantile Exchange" monthly statement. If you have any questions, please contact the Deliveries Unit, at (312) 930-3172