Clearing House Advisory Notice
 | 
To Back Office Managers
From Clearing House Department
Subject Allocation of August 2001 Currency Order-to-Pay Charges
Effective Date 08/21/01
Notice Number 01-59
 

Listed below is the breakdown of order-to-pay charges per contract for the August 2001 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

                       

Mexican Peso                                                            $ 0.63

           

 

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 Morgan Culverhouse, Manager, Delivery and Fulfillment Services, at 930-2892.