• New Aussie Dollar Wheat Swap Contracts

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 13-338
      • Notice Date
      • 26 July 2013
      • Effective Date
      • 12 August 2013
    • Pending all relevant regulatory review periods, on Monday, August 12, 2013, CME will begin clearing wheat swap contracts denominated in Australian Dollars (AUD). There are two such contracts:
       
      • CAW – AUD Chicago Soft Red Winter Wheat Swap
      • KAW – AUD Kansas City Hard Red Winter Wheat Swap
       
      Note also that CME does not have “4d” orders from the CFTC for the new contracts which would allow customer positions in them to be held in futures segregation. Hence customer positions in these new contracts must be held in the Customer Cleared Swaps (“COTC”) origin, and are subject to LSOC. 
       
      Please contact CME Clearing at 312-207-2525 for more information.
       
       
       
      13-338