Clearing House Advisory Notices
To | Give Up Payment System Users
From | Clearing House Department
Subject | REMINDER: Options Clearing Corp to adopt Give-Up Payment System Tuesday, August 1, 2006
Notice Date | 2006-09-19
Notice Number | 06-181
Effective Date | 2006-08-01
REMINDER, that effective Tuesday, August 1, 2006, The Options Clearing Corp (OCC) will utilize the CME Give-Up Payment System (GPS) for its member firms that conduct give up futures transactions only on the following exchanges: One Chicago (ONE), Chicago Futures Exchange (CFE) and the Philadelphia Board of Trade (PBT). Back-office users who currently have access to GPS, and who also represent an OCC clearing firm on one of the above exchanges, will be given access to their OCC firm(s) to set up agreements, accounts and rates. OCC firms will be required to complete a separate GPS banking agreement form. Please click on the following link for access to the appropriate form: http://www.cme.com/clearing/cm/sys/gsystem1102.html. The OCC version of GPS is simply another instance of the version that CME and CBT firms currently use. There are no changes to current GPS functionality. If you have additional staff who would require training, please click on the following link for the training schedule. http://www.cme.com/clearing/cm/apps/training1179.html For your operational convenience, the OCC GPS data files will be transmitted to the same FTP directory where CME and CBT files are currently sent. Should you have any questions, please call CME Clearing Services at 312-207-2525 or e-mail ccs@cme.com. Printer Friendly Version. . .