Chicago Mercantile Exchange

Clearing House Advisory Notice 

 

Volume 99 - 85   

September 24, 1999 

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TO:                  Clearing Member Firms

Attn:  Back Office Managers

 

FROM:            Clearing House Department

 

SUBJECT:      Allocation of September 1999 Currency Order-to-Pay Charges

 

 

Listed below is the breakdown of order-to-pay charges per contract for the September 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                                                        $ 0.78

British Pound                                                             $ 1.23

Canadian Dollar                                                         $ 0.84

Deutsche Mark                                                          $ 1.09

Euro                                                                          $ 1.83

French Franc                                                             $ 1.10

Japanese Yen                                                            $ 0.84

Swiss Franc                                                               $ 1.13

Mexican Peso                                                            $ 0.75

            South African Rand                                                    $ 2.48

            New Zealand Dollar                                                   $ 0.81

                       

 

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.