Over the past several months, NYMEX/COMEX clearing rules have been harmonized to the extent possible with CME/CBOT Rules. In some circumstances, however, harmonization was not possible due to the unique characteristics of NYMEX policies or procedures. This Advisory describes the material differences between existing CME Chapters 8 and 9 and new NYMEX/COMEX Chapters 8 and 9. The new NYMEX/COMEX rules will become effective on December 4.
Set forth immediately below is a brief description of the new NYMEX/COMEX Clearing Rules that are materially different than the CME/CBOT Clearing Rules set forth in Chapters 8 and 9. At the end of this Advisory are marked rules that show the differences between new NYMEX/COMEX Clearing Rules and CME/CBOT Clearing Rules.
If you have any questions regarding these rule changes, please contact CME Clearing at (312) 930-3170.
For a complete set of rules that illustrate the changes, please follow the following links:
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.