Clearing House Advisory Notices
To | Clearing Member Firms and Back Office Managers
From | Clearing House Department
Subject | Allocation of May 2004 Currency Order-to-Pay Charges
Notice Date | 2004-05-21
Notice Number | 04-91
Effective Date |
Adobe Acrobat Version Listed below is the breakdown of order-to-pay charges per contract for the May 2004 currency deliveries. The Exchange assesses these charges on a pro rata basis among all longs and shorts, regardless of whether your firm used an order-to-pay for any of its long transactions. Order-to-Pay Charge Per Contract MP Mexican Peso $0.61 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.