Clearing House Advisory Notices
To | Clearing Member Firms;Chief Financial Officers;Delivery Personnel
From | CME Clearing
Subject | March 2008 Currency Order-to-Pay Charges
Notice Date | 2008-04-01
Notice Number | 08-65
Effective Date | 2008-04-01
Listed below is the breakdown of order-to-pay charges per contract for the March 2008 currency deliveries. The Exchange assesses these charges on a pro rata basis among all longs and shorts “settled outside of CLS,” regardless whether your firm used an order-to-pay for any of its long transactions. For the full text of this advisory...