Clearing House Advisory Notices
To | Chief Financial Officers, Back Office Managers and Treasurers
From | Clearing House Department
Subject | New Clearing House Collateral Management Program - (IEF5)
Notice Date | 2004-07-02
Notice Number | 04-121
Effective Date |
The Clearing House of Chicago Mercantile Exchange Inc. (CME) is proud to announce that its newest collateral management initiative, IEF5, will be launched and available to all clearing members beginning July 19, 2004. In establishing IEF5, the Clearing House has partnered with JP Morgan Chase Bank (JPM). JPM has established a cash account that sits on the trust ledger of the bank that is able to pay a monthly hard dollar 'benefit'. IEF5 is only eligible for clearing members of CME. For full text of Clearing House Advisory 04-121...