Clearing House Advisory Notices
To | Clearing Member Firms, Back Office Managers, Delivery Personnel
From | Clearing House Department
Subject | December 2006 Currency Delivery Reminders
Notice Date | 2006-12-12
Notice Number | 06-306
Effective Date | 2006-12-12
The December 2006 currency delivery cycle begins Thursday, December 14, 2006. Listed below are several reminders regarding the currency deliveries, detailed delivery instructions can be found at www.cme.com under http://www.cme.com/clearing/clr/del/delivery/prodcurrny1252.html. A. “NEW” ISRAELI SHEKEL DELIVERIES In June 2006 the Israeli Shekel became eligible for currency delivery. The agent bank for the Shekel is Citibank in Tel Aviv. The SWIFT BIC to send funds is CITIILIT. Please contact the Clearing House if you require the delivery instructions for the Israeli Shekel. To deliver the Israeli Shekel a dual Orders-To-Pay will be required for the longs and shorts. The long will need to issue an Orders-to-Pay denominated in USD and the short will need to issue an Orders –to- Pay denominated in Shekel to Citibank using SWIFT BIC CITIUS33DFU by 1:00 p.m. (CST) on the business day prior to the day of delivery. For the full text of this advisory . . .