Rogers International Commodity Index(R) Committee Announces Change in Calculation

REUTERS
Posted online: Fri Jan 4, 2008 2:19pm EST
Rogers International Commodity Index(R) Committee Announces Change in Calculation of the Index for LME Contracts

CHICAGO, Jan. 4 /PRNewswire/ -- The Committee governing the Rogers International Commodity Index(R) has elected to change the LME references in the index calculation.

The 3 Month LME contract will be replaced by the appropriate 3rd Wednesday contract. A new roll matrix has been defined for each LME contract included in the RICI(R).

For those new contracts the real time calculation will use the last official price of the 3rd Wednesday contract adjusted by the real time change in the corresponding 3 month forward contract.

The modification will take place on the January 2008 roll which occurs at the end of January. SOURCE Rogers International Commodity Index Committee Beeland Management Company, LLC, +1-312-264-4375, for Rogers International Commodity Index Committee

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