Effective on trade date Monday, November 14, 2016, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME”),The Board of Trade of the City of Chicago, Inc. (“CBOT”), New York Mercantile Exchange, Inc. (“NYMEX”) and Commodity Exchange, Inc. (“COMEX”) (collectively, the “Exchanges”) will amend the Daily Option Settlement Procedure document to clarify that daily settlements for out-of-the-money options are determined based on market activity throughout the trading day and on all venues including the trading floor, as applicable. Additionally, the amendments codify that for all NYMEX and COMEX options products, the interest rate used is derived from the point on the Overnight Index Swap (OIS) curve corresponding to the expiration date of the option contract.
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.