Clearing House Advisory Notice
To | Operations Managers, Back-Office Managers, Margin Managers & Financial Managers
From | Clearing House Department
Subject | New TRAKRS feature: separate interest rates for long and short positions
Effective Date | 12/09/02
Notice Number | 02-88
This advisory describes an important enhancement to clearing and bookkeeping processing for CME's TRAKRS futures contracts: the ability to use one interest rate for calculating the daily adjustment amount for a long position, and a separate, slightly different rate for calculation the daily adjustment amount for a short position. We plan to introduce this enhancement in mid to late January. For the full text of this advisory: CHAdv02-88-TRAKRS-shortrate.pdf