New TRAKRS feature: separate interest rates for long and short positions

Clearing House Advisory Notice

To	Operations Managers, Back-Office Managers, Margin Managers & Financial Managers
From	Clearing House Department
Subject	New TRAKRS feature: separate interest rates for long and short positions
Effective Date	12/09/02
Notice Number	02-88

This advisory describes an important enhancement to clearing and bookkeeping processing for CME's TRAKRS futures contracts: the ability to use one interest rate for calculating the daily adjustment amount for a long position, and a separate, slightly different rate for calculation the daily adjustment amount for a short position. We plan to introduce this enhancement in mid to late January.

For the full text of this advisory: CHAdv02-88-TRAKRS-shortrate.pdf