Third Party Processing: Common Clearing Link
Project is On Track
- Nov. 24, 2003 launch for CBOT equity, agricultural and some interest rate products – 1/3 of volume
- Jan. 2, 2004 launch for the remaining products including treasury contracts – 2/3 of volume
Significant Capital Reduction–Available upon Implementation
- $1.4 Billion decrease in Performance Bonds for users
- $200 Million decrease in Security Deposits for clearing firms
(round turns, in thousands)