• Amendments to Daily Settlement Price Rule for the USD Malaysian Crude Palm Oil Calendar Swap (Cleared Only) Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7616R
      • Notice Date
      • 11 May 2016
      • Effective Date
      • 17 May 2016
    • (This SER supersedes SER-7616 dated April 4, 2016 and is being issued to further amend Rule 204A04. to reflect the current settlement methodology and the effective date.  No other changes have been made to the original SER.)

      Effective Tuesday, May 17, 2016 for trade date Wednesday, May 18, 2016, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc., (“CME” or “Exchange”) will amend Rule 204A04 (“Daily Settlement Price”) of the USD Malaysian Crude Palm Oil Calendar Swap contract (the “Contract”) (Rulebook Chapter 204A; Clearing and CME ClearPort Code: CPC).  The amendments will incorporate a forward USD/MYR foreign exchange rate into the settlement calculation for non-spot contract months commencing with the July 2017 contract month and beyond.

      Questions may be directed to Nelson Low (+65 6593 5570 or nelson.low@cmegroup.com), WingChew Mok (+65 6593 5583 or wingchew.mok@cmegroup.com), or Fred Seamon (312- 634-1587 or fred.seamon@cmegroup.com). 

      Please click here for PDF of SER-7616R.