Clearing House Advisory Notices
To | Brokerage Payment System (BPS) Users
From | Clearing House Department
Subject | Brokerage Payment System (BPS) Rate Maintenance Enhancements
Notice Date | 2006-04-28
Notice Number | 06-108
Effective Date | 2006-04-28
At the request of Brokerage Payment System (BPS) users, we will be implementing upgrades to the BPS system to simplify the rate maintenance screens. Please be aware that BPS will be not be available Friday, April 28, 2006, from 4:30 p.m. to 5:30 p.m. during the implementation. The upgrade will remove the requirement that the rate type of C- Customer, F- Firm, or M – Member, match exactly when the system selects a rate. The rate type will be treated as any other input field. In other words, BPS will default to “space” indicating rates will apply to all three if nothing is specifically specified. Please note that no maintenance is needed by the firms. CME’s Technology team has prepared a conversion program that will convert your rates to the new format by checking if rates are identical within the three rate types, and if so will expire the old rates and create a new entry with a rate type of blank. Should you have any questions, please either call CME Clearing Services at 312-207-2525 or e-mail ccs@cme.com Printer Friendly Version. . .