Clearing House Advisory Notices
To | Operational Staff; Back Office Manager
From | Clearing House Department
Subject | Changes to Fungibility Procedures with the Launch of the CBOT’s Big Dow Futures Contract
Notice Date | 2006-03-14
Notice Number | 06-60
Effective Date | 2006-03-14
Effective March 20, 2006, Chicago Board of Trade will launch a new Big Dow futures contract with a $25 multiplier which will affect the way fungibility is handled. All 3 CBOT Dow Jones futures products will be fungible, Big Dow ($25) (“DO”) to mini-sized Dow (“YM”) 5:1, and $10 Dow (“11”) to mini-sized Dow 2:1. For the full text of this advisory...