ACTION: Taiwan Semiconductor Manufacturing Company Ltd. (“TSM”) declared a .499982072% Stock Dividend to TSM American Depositary (“ADS”) Shareholders. The Ex-distribution Date will be Wednesday, July 15, 2009. The Payable Date is August 14, 2009. The Record Date is July 17, 2009. Cash will be paid in lieu of fractional TSM ADS’s.
This corporate event will be coordinated with the Options Clearing Corporation.
CATEGORY: Stock Dividend
EQUITY SYMBOL: Taiwan Semiconductor Manufacturing Company Ltd. – TSM
ONECHICAGO SYMBOL: TSM1C changes to TSM2C;
CME FUTURES SYMBOL: TSM for the TS8;
EFFECTIVE DATE: Effective the opening of business July 15, 2009 and thereafter
MULTIPLIER: 100 (e.g., 1.00 equals $100.00)
NEW DELIVERABLE PER CONTRACT: For the TSM2C:
1) 100 Taiwan Semiconductor Manufacturing Company Ltd (“TSM”) ADS’s
*2) Cash in lieu of approximately .499982072 fractional TSM ADS’s
* The cash portion of the deliverable remain permanently fixed as part of the option deliverable, and does not vary with price changes of securities also included in the deliverable
APPLICABLE CONTRACT MONTHS: July, August, September, December 2009
SETTLEMENT PRICES AND POSITIONS: The underlying price for the TSM2C Futures contract deliverable, expressed in term of current market value, would be calculated as follows:
TSM2C = TSM + cash in lieu of approximately .499982072 TSM ADS’s
Please note that the valuation would apply only to the TSM2C deliverable in terms of current market value of the deliverable securities. The resulting price would not be equivalent to the daily settlement price of a futures contract month, whose determination would include cost of money carrying charges, adjustment for dividends, and other factors.
NOTES: The forecasted effect of the upcoming corporate event on each clearing firm’s positions can be viewed in infopac in the Corporate Event Initial Forecast Report (ONE712), the Corporate Event Final Forecast Report (ONE713), and the Corporate Event Forecast Audit Report (CPDBU710).
The details after the corporate event has been applied can be viewed in the Corporate Event Activity Report (ONE711).
If you have any questions regarding the information provided in the document, please call CME Clearing Risk Management hotline at (312) 648-3888.