Clearing House Advisory Notices
To | Clearing Member Firms; Chief Financial Officers; Delivery Personnel
From | CME Clearing
Subject | September 2008 Currency Order-to-Pay Charges
Notice Date | 2008-09-29
Notice Number | 08-248
Effective Date | 2008-09-29
Listed below is the breakdown of order-to-pay charges per contract for the September 2008 currency deliveries. CME Group assesses these charges on a pro rata basis among all longs and shorts settled outside of CLS, regardless whether your firm used an order-to-pay for any of its long transactions. The order to pay breakdown below is based on a per contract basis.
Order-to-Pay Charge Per Contract
| CZ/K | Czech Koruna and CZK/EUR Cross Rate | $3.54
| MP | Mexican Peso | $0.42
| PZ | Polish Zloty | $2.14
| Z | PLN/EUR Cross Rate | $3.11
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 CME Group monthly statement.
If you have any questions, please contact the Deliveries Unit, at (312) 930-3172. Printer Friendly Version...