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Bulletin Heading VOLUME 22 – BULLETIN #080

TO:

ALL CLEARING MEMBERS

FROM:

BUSINESS SYSTEMS GROUP

DATE:

April 22, 2002

SUBJECT:

CBOT® X-Fund Final Settlement Procedures

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:

John Compall

 

john.compall@botcc.com

Shawn Gebbia

786-5748

shawn.gebbia@botcc.com

Marc MacQuarrie

786-5732

marc.macquarrie@botcc.com

Ross McDonald

786-3804

ross.mcdonald@botcc.com

Molly McMahon

786-5731

molly.mcmahon@botcc.com

Richard Scruggs

786-5739

richard.scruggs@botcc.com

Jill Turner

786-5718

jill.turner@botcc.com

     

Thomas Andrews

Director

thomas.andrews@botcc.com

Diane Schuering

Vice President

diane.schuering@botcc.com

     
     

Business Systems Group E-Mail Address

bsg@botcc.com

BOTCC Web Site

http://www.botcc.com