Board of Trade Clearing Corporation Expands Collateral Management System.Business Editors CHICAGO--(BUSINESS WIRE)--April 8, 2003 The Board of Trade Clearing Corporation (the "Clearing Corporation") today announced that it will expand the security classes it accepts to satisfy original margin requirements to include municipal bonds, corporate bonds, commercial paper and certain additional government agency securities. These instruments join securities already accepted under the Clearing Corporation's collateral management system, including cash, US Treasury and Agency Securities, Letters of Credit, foreign currencies, common stock, foreign sovereign debt securities of Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of , France, Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). and the UK, and 19 money market funds. The expansion provides clearing member firms a greater return on assets Return on assets (ROA) Indicator of profitability. Determined by dividing net income for the past 12 months by total average assets. Result is shown as a percentage. ROA can be decomposed into return on sales (net income/sales) multiplied by asset utilization (sales/assets). and improves customer satisfaction by offering them more alternatives for satisfying margin requirements. "The Clearing Corporation always explores methods to better serve our member firms," said David Thome, Chief Financial Officer and Treasurer of the Clearing Corporation. "The expansion this system will help our Member firms provide their customers with more flexibility to manage their collateral." About the Clearing Corporation The Board of Trade Clearing Corporation, a Delaware corporation A Delaware corporation is a corporation chartered in the U.S. state of Delaware. Delaware is well known as a corporate haven, and thus, over 50% of US publicly-traded corporations and 58% of the Fortune 500 companies are incorporated in the state. now in its 78th year of business, maintains a Standard & Poor's AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. rating and approximately $200 million in capital. The company is owned by its clearing member stockholders and is the only active independent futures clearinghouse clearinghouse Institution established by firms engaged in similar activities to enable them to offset transactions with one another in order to limit payment settlements to net balances. in the world. Additional information on the Clearing Corporation is available at www.clearingcorporation.com. |
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