TRAKRS®, or Total Return Asset Contracts, are designed to track an index that can be composed of stocks, bonds, currencies or other financial instruments. The contracts are based on an index that is calculated on a total return basis, and positions have a daily cash flow derived from an interest rate. To that, the contracts clearing process in a bit different than other futures and options on futures contracts, in that there are two different ways in which settlement processing and bookkeeping can be handled for customer accounts, depending on if a customer is a Qualified Institutional Buyer.

Clearing and Bookkeeping Processing

• CH Advisory 02-49 (July 9, 2002): Clearing and Bookkeeping Processing for TRAKRS (PDF)
  
• CH Advisory 02-88 (Dec. 9, 2002): New TRAKRS Feature: Separate Interest Rates for Long and Short Positions (PDF)
  
• Using PC-SPAN® for TRAKRS (Aug. 8, 2002) (PDF)

Related Articles

• Index Futures with a Securities Twist - Sept 02 (PDF)
  
• TRAKRS Disclosure Document
  
• Frequently Asked Questions (PDF)