August 2, 2017 

Via CFTC Portal

Christopher J. Kirkpatrick 

Secretary of the Commission

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W. 

Washington, D.C. 20581 

RE: trueEX LLC Amendment of Product Terms and Conditions (trueEX LLC 

submission #2017-06S)

Dear Mr. Kirkpatrick: 

Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (the “Act”), and 

Commission Regulation 40.6(a), trueEX LLC (“trueEX” or the “Exchange”) hereby submits 

to the U.S. Commodity Futures Trading Commission (the “Commission”) certain 

amendments to terms and conditions of fixed vs. floating interest rate swaps offered for 

trading on trueEX. 

Summary of Amendments

trueEX Rule Nature of Amendment

Schedule 1001 – changing the maximum tenor for the 

following currencies:

• LCH DKK from 10 years to 31 years

• LCH NOK from 10 years to 15.5 years

• LCH PLN from 10 years to 15.5 years

CFTC Regulation 40.6(a)

Schedule 1001 (a) – changing maximum tenor for the 

following currencies:

• CME NOK and LCH NOK from 10 Years to 15

years.

CFTC Regulation 40.6(a)

Exhibit 1 contains redlined amendments to trueEX’s PTC Product Schedule 

(Schedule 1001; columns J and R) and trueEX’s CLOB/RFQ Schedule (Schedule 
1001A; columns I and Q), which have been updated to reflect the new maximum 

tenor for each currency.

trueEX certifies that these amendments complies with the Act and the Commission’s 

regulations thereunder. trueEX’s analysis of the operation, purpose and effect of the proposed 

rule change and its compliance with the Act, core principles and Commission’s regulations 

thereunder is included in the chart above. There were no substantive opposing views 

expressed by the trueEX governing board or market participants to the rule amendments.

trueEX certifies that this certification has been concurrently posted on the Exchange’s Web 

Site at http://www.trueex.com/rules-and-notices. These amendments will be effective on 

August 16, 2017. 

If you have questions regarding this notice, please contact me at (312) 320-8934 or by 

email at fran@trueex.com.

Sincerely,

Fran Kenck

Chief Compliance Officer
Currency Float Rate Index Product Type

Start Date 

(Spot 

Starting)

Fixing Date 

Offset Roll Types

Holiday 

Business 

Centers - Float 

Fixing Dates

Holiday Business 

Centers - Effective 

and Payment Dates

Holiday Business 

Centers - Expiration 

Date

Max Tenor 

(yrs)

Valid Fixed 

Payment 

Frequencies

Valid Float 

Designated 

Maturities

Valid Float 

Payment 

Frequencies

Valid Float 

Reset 

Frequencies

DKK DKK-CIBOR-DKNA13, 

DKK-CIBOR2-DKNA13 IRS 2 0 (-2 for CIBOR2)

Standard, 

IMM, EOM, 

None

DKCO DKCO n/a 30 1M, 3M, 6M, 

12M 6M 6M, 12M 6M

Schedule 1001 

IRS Fixed for Floating Swaps eligible for Portfolio Terminations and 

Compactions ("PTC") on The SEF Trading System.

Holiday Business Day Convention CME
Valid Stub Index 

Frequencies

Float Leg Day 

Count

Fixed Leg Day 

Count

Max Tenor 

(yrs)

Valid Fixed 

Payment 

Frequencies

Valid Float 

Designated 

Maturities

Valid Float 

Payment 

Frequencies

Valid Float 

Reset 

Frequencie

s

Valid Stub Index 

Frequencies

Float Leg 

Day Count

Fixed Leg Day 

Count Max Tenor (yrs)

Valid Fixed 

Payment 

Frequencies

Valid Float 

Designated 

Maturities

1W, 2W, 1M12M

30/360

ACT/360

ACT/365.FIXED

ACT/ACT.ISDA

30E/360

30E/360.ISDA

30/360

ACT/360

ACT/365.FIXED

ACT/ACT.ISDA

30E/360

30E/360.ISDA

10 31 1M, 3M, 6M, 

12M, 1T

1M, 3M, 6M, 

12M

1M, 3M, 6M, 

12M, 1T

1M, 3M, 

6M, 12M

1W, 1M, 2M, 3M, 

4M, 5M, 6M, 9M, 

12M

ACT/360

30/360

30E/360

ACT/360

ACT/365.Fixed

ACT/365.ISDA

ACT/ACT.ISMA

ACT/ACT.ISDA

30E/360.ISDA 

ACT/ACT.ICMA 

30 1M, 3M, 6M, 

12M, 1T

1M, 3M, 6M, 

12M

LCH
Valid Float 

Payment 

Frequencies

Valid Float Reset 

Frequencies

Valid Stub 

Index 

Frequencies

Float Leg Day 

Count

Fixed Leg Day 

Count

1M, 3M, 6M, 

12M, 1T

1M, 3M, 6M, 12M, 

1T

1W, 1M, 2M, 

3M, 4M, 5M, 

6M, 9M, 12M

30/360

30E/360

30E/360.ISDA

ACT/360

ACT/365.Fixed

ACT/ACT.ISDA

ACT/ACT.ICMA

30/360

30E/360

30E/360.ISDA

ACT/360

ACT/365.Fixed

ACT/ACT.ISDA

ACT/ACT.ICMA

UNCLEARED
Currency Float Rate Index Product Type Spot 

Starting

Fixing Date 

Offset Roll Types

Holiday 

Business 

Centers - Float 

Fixing Dates

Holiday Business 

Centers - Effective 

and Payment Dates

Max Tenor 

(yrs)

Valid Fixed 

Payment 

Frequencies

Valid Float 

Designated 

Maturities

Valid Float 

Payment 

Frequencies

Valid Float 

Reset 

Frequencies

Valid Stub 

Index 

Frequencies

NOK NOK-NIBOROIBOR IRS 2 -2 Standard NOOS NOOS 10 15 12M 6M 6M 6M N/A

Holiday Business Day 

Convention

Schedule 1001(a) Fixed/Floating Interest Rate Swaps (Core RFQ)

CME
Float Leg Day 

Count

Fixed Leg Day 

Count

Max Tenor 

(yrs)

Valid Fixed 

Payment 

Frequencies

Valid Float 

Designated 

Maturities

Valid Float 

Payment 

Frequencies

Valid Float 

Reset 

Frequencies

Valid Stub 

Index 

Frequencies

Float Leg Day 

Count

Fixed Leg Day 

Count

ACT/360 30/360 10 15 12M 6M 6M 6M N/A ACT/360 30/360

LCH