• Reminder of Fungibility Process for E-Micro FX Futures

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-216
      • Notice Date
      • 22 May 2009
      • Effective Date
      • 22 May 2009
    • In March 2009, CME Group launched a suite of E-Micro Futures products (Advisory # NP 09-04). As noted in the advisory, three of the E-Micro FX Futures products are defined as fungible with the standard currency contract at a ratio of 10 to 1. The fungibility process is the Request for Offset procedure which is analogous to the process in place for select CBOT Grains, because the E-Micro Futures products are cash settled and the standard currency products are physically deliverable. 
       

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