Clearing House Advisory Notices
To | Operations Managers, Back-Office Managers, Margin Managers and Financial Managers
From | Clearing House Department
Subject | (02-88 republished) New TRAKRS feature: separate interest rates for long and short positions
Notice Date | 2004-02-04
Notice Number | 02-88
Effective Date |
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 interest rate for calculating the daily adjustment amount for a short position. This enhancement was introduced in January 03. Complete text of Clearing House Advisory 02-88