Designed by both exchanges, the new EDS streamlines the physical delivery procedures for futures contracts held on the CBOT as well as increases the speed of the invoice process for clearing firms. CBOT Chairman Charles P. Carey said, "Our customers wanted a faster, more efficient clearing system that would simplify the physical delivery process, and together with the Chicago Mercantile Exchange® we responded by creating the Common Clearing Link, which has exceeded expectations. We are extremely pleased with the flawless performance of the new Electronic Delivery System.