ACTION: Taiwan Semiconductor Manufacturing Company Ltd. (“TSM”) declared a .504178823% Stock Dividend to TSM American Depositary (“ADS”) Shareholders. The Ex-distribution Date will be Wednesday, July 16, 2008. The Payable Date is August 15, 2008. The Record Date is July 18, 2008.
This corporate event will be coordinated with the Options Clearing Corporation.
CATEGORY: Share Distribution
EQUITY SYMBOL: TSM (Taiwan Semiconductor Manufacturing Company Ltd.)
ONECHICAGO SYMBOL: TSM1C changes to TSM2C; a new TSM1C will be re-listed on July 17, 2008.
CME FUTURES SYMBOL: TS2 for the TSM2C; TSM for the re-listed TSM1C
EFFECTIVE DATE: Wednesday, July 16, 2008
MULTIPLIER: 100 (e.g., 1.00 equals $100.00)
NEW DELIVERABLE PER CONTRACT: 1) 100 Taiwan Semiconductor Manufacturing Company Ltd. (“TSM”) Common Shares
2) Cash in lieu of approximately .504178823 fractional Taiwan Semiconductor Manufacturing Company Ltd. (“TSM”) Common Shares
APPLICABLE CONTRACT MONTHS: July, August, September, and December 2008
SETTLEMENT PRICES AND POSITIONS: The underlying price for TSM2C will be determined as follows:
TSM2C = TSM + .50(TSM)
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.