• Important Update: Clearing and Bookkeeping Processing for CMEGroup's Dow JonesSM UBS Commodity Index Swap Contracts

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 09-497
      • Notice Date
      • 13 November 2009
      • Effective Date
      • 07 December 2009
    • On Monday, December 7, 2009, CME Group will launch clearing of Dow JonesSM UBS Commodity Index Swap contracts. The clearing product code will be DGS. Privately negotiated deals in this contract will be captured via CME Clearport Clearing and will post in Front End Clearing as transaction type “OPNT” (over-the-counter privately-negotiated trade). Furthermore, this is an OTC contract where the customer protections for these products will initially be provided under the “30.7 Secured” treatment, consistent with CME Rule 8F03 Note, however, that these products are not initially eligible for standard customer segregation treatment. 

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