Special Executive Report S-3956 - Board Steering Approves Increased Spot Month Position Limits For South African Rand And Mexican Peso Futures And Options, Which Went Into Effect OnThursday, May 29, 2003

Client Management Advisory Notice

From	Client Management Operations
Subject	Special Executive Report S-3956 - Board Steering Approves Increased Spot Month Position Limits For South African Rand And Mexican Peso Futures And Options, Which Went Into Effect OnThursday, May 29, 2003
Effective Date	06/02/03
Notice Number	CMO#0377

On Tuesday, May 27, 2003, the Board Steering Committee approved spot month position limit increases for both South African rand futures and options from 2,000 to 5,000 contracts and for Mexican peso futures and options from 3,000 to 10,000 contracts. In addition, these spot month position limits will be effective on or after the day one week prior to the termination of futures trading. Position accountability of 6,000 contracts for both South African rand and Mexican peso futures and options will be in effect until that point

Please view the attached Special Executive Report S-3956 for more information.