Clearing House Advisory Notices
To | Clearing Member Firms, Back Office Managers
From | Clearing House Department
Subject | Allocation of July 2004 Order-to-Pay Charges
Notice Date | 2004-07-23
Notice Number | 04-129
Effective Date |
Listed below is the breakdown of order-to-pay charges per contract for the July 2004 currency deliveries. The Exchange assesses these charges on a pro rata basis among all longs and shorts, regardless of whether your firm used an order-to-pay for any of its long transactions.
| Order to Pay | Charge per Contract
MP | Mexican Peso | $0.07
The order-to-pay charge will be assessed to each naked long and each naked short participating in currency deliveries. These charges will appear on your "Chicago Mercantile Exchange" monthly statement. If you have any questions, please contact the Deliveries Unit, at (312) 930-3172.