As outlined in CME Clearing Advisory (08-368), the final determination of the go-live date for the back-end integration of CME and NYMEX clearing applications has been made. The new date is Monday, December 15th. As a reminder, beginning with the intraday cycle, Monday, December 15th, all NYMEX Banking, Performance Bond, Asset Management and Settlement Variation activity will only be available on CME Clearing 21 via the CME portal and will no longer be available in NYMEX C21. An exception to this would be any activity related to the NYMEX metal deliveries. Delivery bank accounts will be maintained in NYMEX C21. Also, all related system reports will be available via the CME Document Direct application, which is also available on the CME Portal.
As part of the back-end integration plan, CME Clearing plans to conduct additional back to back settlement cycles in the Clearing 21 Certification region on Monday, December 8, and Tuesday December 9, 2008. Clearing firms will be able to test collateral transactions and settlement variations in CME Clearing 21 via the CME Portal and view variation reports in CME Document Direct on the web. Access to CME Portal, Clearing 21 and Document Direct has been granted for those who require access to these applications. If your settlement manager or team does not have access to the above applications, please see the available contacts listed below.
CME member firms and settlement banks will utilize this additional week to continue testing various systems, business processes and firm structures in CME Clearing 21.
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