• Modification to the Fee Schedule for CBOT Dow Jones-UBS Commodity Index Swaps (Cleared OTC)

      • To
      • Members, Member Firms and Market Users
      • From
      • CME Group
      • #
      • SER-6922
      • Notice Date
      • 20 November 2013
      • Effective Date
      • 01 December 2013
    • The Exchange will implement a new fee structure for the Dow Jones-UBS Commodity Index Swaps (Cleared OTC), DJ-UBS Commodity Index 2 Month Forward Swaps (Cleared OTC) and the DJ-UBS Commodity Index 3 Month Forward Swaps (Cleared OTC) (collectively, the “DJ-UBS Commodity Index Cleared Swaps”), effective December 1, 2013.
       
      The current fee structure charges market participants based on the length of time a position is held and the current fee is 5 basis points per annum for both the buyer and the seller. Beginning December 1, 2013, the Exchange plans to charge a flat rate contract fee, which means the fee will not be based upon how long the position is held, but rather on a per-transaction basis. Due to the difference in notional value, the DJ-UBS Commodity Index Swaps (Cleared OTC) will be charged $0.50 per side, and the DJ-UBS Commodity Index 2 Month Forward Swaps (Cleared OTC) and the DJ-UBS Commodity Index 3 Month Forward Swaps (Cleared OTC) will be charged $1.00 per side. 
       
       
      Please refer to the CBOT fee transaction schedule for further details on the effective date.
       
       
       
       
       
       
       
      Should you have any questions regarding this Special Executive Report, please contact Candice Graham at 312-930-3365 or Candice.graham@cmegroup.com
       
       
      For media inquiries concerning this Special Executive Report, please contact CME Group Corporate Communications at 312-930-3434 or news@cmegroup.com.

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