Clearing House Advisory Notices
To | Clearing Member Firms; Chief Financial Officers; Back Office Managers
From | CME Clearing
Subject | Clearing and Bookkeeping Processing for Hurricane Binary Option Contracts
Notice Date | 2008-04-03
Notice Number | 08-66
Effective Date | 2008-04-14
On April 14, 2008, CME will list for trading binary (digital) options on the CME Carvill Hurricane Index™. This advisory describes these contracts and special processing associated with them. Note that in many respects these contracts behave in a manner similar to that of the CBOT binary options on the Fed Funds Target Rate. For the full text of this advisory...