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By Journal of Indexes Staff | December 14, 2009 12:17 pm

CME Launches DJ-UBSCI Swaps

In November, CME Group announced the Dec. 7 launch of cash-settled swaps on the Dow Jones-UBS Commodity Index. The exchange said that it would be providing clearing services through its CME ClearPort service.

The new swaps join CME’s existing futures contract on the DJ-UBSCI.

According to the CME, the swaps “will be subject to position accountability, transaction reporting, and margining and risk management standards that are comparable to commodity index futures contracts.”