VOLUME 22 – BULLETIN #080
TO:
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ALL CLEARING MEMBERS
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FROM:
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BUSINESS SYSTEMS GROUP
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DATE:
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April 22, 2002
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SUBJECT:
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CBOT® X-Fund Final Settlement Procedures
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The Chicago Board of Trade has changed the CBOT X- Fund calculation of the final cash settlement value. The CBOT intends to implement the following changes for the trading cycle April 12 – April 25, 2002 (X2, Y2, and C2):
The final cash settlement value will be rounded to the nearest $10 rather than nearest $100. The current minimum tick value is $100 and the opening value for successive X-Funds will be rounded to the nearest $100.
Should you have any questions, please call or e-mail one of the following Business Systems Analysts:
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