Clearing  House Advisory Notices
To Operations Managers, Back-Office Managers, Margin Managers and Financial Managers
From Clearing House Department
Subject (02-88 republished) New TRAKRS feature: separate interest rates for long and short positions
Notice Date 2004-02-04
Notice Number 02-88
Effective Date  

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 interest rate for calculating the daily adjustment amount for a short position.  This enhancement was introduced in January 03.

Complete text of Clearing House Advisory 02-88