Clearing House Advisory Notices
To | Clearing Member Firms, Back Office Managers, Chief Financial Officers
From | Clearing House Department
Subject | Currency Deliveries Using CLS
Notice Date | 2005-08-17
Notice Number | 05-167
Effective Date |
Effective with the September 2005 currency delivery cycle, firms with a delivery obligation greater than $50 million per currency pair are required to use CLS to facilitate delivery, per CME Rule 740. Firms failing to comply with CME Rule 740 will be charged an assessment fee of $10 per million for any CLS eligible currency pair exceeding the threshold. CLS supports all CME currency products with the exception of Mexican Peso, Polish Zloty (USD and Euro), Hungarian Forint (USD and Euro) and the Czech Koruna (USD and Euro). For Full Text Advisory.....