Clearing House Advisory Notice
To | Back Office Managers
From | Clearing House Department
Subject | Allocation of June 2002 Currency Order-to-Pay Charges
Effective Date | 07/03/02
Notice Number | 02-45
Listed below is the breakdown of order-to-pay charges per contract for the June 2002 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
| AD | Australian Dollar | $0.69
| BF | BP/SF Cross Rate | $2.57
| BP | British Pound | $1.27
| CD | Canadian Dollar | $0.74
| CN | EC/NKr Cross Rate | $1.64
| E7 | E-mini Euro FX | $0.03
| EC | Euro FX | $1.72
| JY | Japanese Yen | $1.20
| KE | EC/SKr Cross Rate | $1.64
| MP | Mexican Peso | $0.64
| NE | New Zealand Dollar | $0.73
| RA | South African Rand | $0.58
| RF | EC/SF Cross Rate | $3.28
| RP | EC/BP Cross Rate | $3.28
| RY | EC/JY Cross Rate | $1.02
| SF | Swiss Franc | $1.11
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 "Chicago Mercantile Exchange" monthly statement.
If you have any questions, please contact the Deliveries Unit, at (312) 930-3172.