Cme Group Inc. · NASDAQ:CME
Cme — Investor Presentation (August 2012)
5 slides from Cme's investor presentation, August 2012
Slide 1: Chicago Board of Trade Wheat Futures: Overview of Variable Storage Rates
Chicago Board of Trade Wheat Futures Overview of Variable Storage Rates
Slide 2: Variable Storage Rates (VSR) - The Concept
Variable Storage g Rates (VSR) ( ) - The Concept p Starting with the July 2010 CBOT Wheat Futures contract, CMEG will implement Variable Storage Rates (“VSR”) ( VSR ). Under VSR, VSR the storage rate that delivery elevators will charge to hold shipping certificates can change for subsequent delivery
Slide 3: Variable Storage Rates – Timeline and Calculation
Variable Storage Rates – Timeline and Calculation 19th calendar day VSR Timeline 18th calendar day of delivery month – of previous Nearby Option N New R Ratet T Takes k First Notice Day Last Trade Day Effect delivery month Expiration Observation Period Delivery Period n For each day during the obser
Slide 4: Variable Storage Rates – Adjustments
Variable Storage Rates – Adjustments Based on the Percent of Financial Full Carry (“% FFC”), the storage rate for the next period will be adjusted Storage Rate St R t Increases I (Previous Rate plus 3 cents /month) If % FFC is = or >80% If % FFC is <80% Same Storage Rate Current Storage Rate but >50
Slide 5: Disclaimer
Disclaimer Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged investment, and because only a percentage of a contract’s contract s value is required to trade trade, it is possible to lose more than the amount of money deposited for a futures pos