CBOT New Product Notice Reminder: Liquid 50 Credit Default Swap Index (IG)

The Chicago Board of Trade (CBOT®) will launch the Liquid 50 Credit Default Swap Index (IG), on the e-CBOT platform on June 25, 2007. The Liquid 50 Credit Default Swap Index (IG) will trade electronically from 6:02 p.m. to 4:00 p.m. Chicago Time, Sunday through Friday. The Chicago Board of Trade (CBOT®) will also disseminate an index calculation daily at 2:00 p.m. via the Quote Vendor Network (QVN).

Please view the following specifications for the Liquid 50 Credit Default Swap Index (IG):

Ticker Symbol:
Electronic: CX
Cash Index: CXX

QVS Product Grouping:
Promotional

Trading Unit:
1 Liquid 50 Credit Default Swap Index (IG) Futures Contract

Trading Hours:
Electronic: 6:02 p.m. to 4:00 p.m. Chicago time, Sunday through Friday.

Contract Month Cycle:
The first two consecutive contracts in the March-June-September-December quarterly cycle. For launch, the following months shall be listed Sep 07; Dec 08 will be listed on Sep 4th.

Min. Price Fluctuation:
5 Thousandths of one point (.01) equal to $5.

Max. Price Fluctuation:
None

Daily Price Limits:
None

Position Limits:
500 contracts in all months.

Last Trading Day:
Two business days preceding the third Wednesday of the Delivery Month

Time of Expiration on Last Trading Day:
4:00 p.m. Chicago Time

Delivery Standards/Exercise Procedures:
Cash Settled

ITC Fractional Indicator:
2

ITC Price Formats:
0003000
0003001
0003002
0003003

Final Special Settlement ITC Price Format
0030010