• CDS PAI Production Launch - May 21st, 2012

      • To
      • CDS Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 12-203
      • Notice Date
      • 15 May 2012
      • Effective Date
      • 21 May 2012

    • Please be advised that CME Clearing will introduce the banking of daily price alignment interest (PAI) for credit default swaps (CDS) in the production (live) environment on May 21st, 2012.

       

      The consequence is that at end of day Monday, May 21st, 2012, CME Clearing will calculate price alignment interest on all open CDS positions in production for settlement the morning of Tuesday, May 22nd, 2012.

       

      For the full text of the advisory, please click here.

      12-203

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