Chicago Mercantile Exchange
Clearing House Advisory Notice
Volume 99 - 117
December 28, 1999
TO: Clearing Member Firms
Attn: Back Office Managers
FROM: Clearing House Department
SUBJECT: Allocation of December 1999 Currency Order-to-Pay Charges
Listed below is the breakdown of order-to-pay charges per contract for the December 1999 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
| Australian Dollar | $ 0.80 |
| British Pound | $ 0.97 |
| Canadian Dollar | $ 0.81 |
| Deutsche Mark | $ 0.75 |
| Euro | $ 1.88 |
| Euro Mini | $ 0.87 |
| Euro/British Pound | $ 3.54 |
| French Franc | $ 1.08 |
| Japanese Yen | $ 0.99 |
| Japanese Yen Mini | $ 0.07 |
| Swiss Franc | $ 1.05 |
| Mexican Peso | $ 0.74 |
| South African Rand | $ 2.37 |
|
New Zealand Dollar |
$ 0.74 |
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 call John S. Verde, Deliveries Manager, at 930-3185.
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