As noted in the Clearing House Advisory #: 09-416, clearing fees are under review as we transition clearing systems from New York to CME Clearing in Chicago. In light of this aspect, and as we did with the give-up surcharge, we will be waiving all position adjustment and transfer fees associated with New York products retroactive to September 14, 2009. To-date, the transfer fee was only applicable to COMEX products.
Credits for position adjustment and transfer fees charged since September 14, 2009, will be reflective in your clearing firm’s October invoice. Additionally, these fees will continue to be waived through December 31, 2009. At that time, CME Group will determine if the fee waiver will be extended.
For any additional questions related to NYMEX and COMEX product and fee information, please contact Nicholas Mehnert at (212) 299-2154 or James Sullivan at (212) 299-2151.
For all other questions or concerns, please contact CME Clearing at (312) 207-2525 or firstname.lastname@example.org
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