• GEX Options Expiration Operational Procedures for Qualified Traders and Clearing Members (S2) - Effective Tuesday, July 26, 2011

      • To
      • Clearing Member Firms; Floor Brokers; Floor Clerks
      • From
      • CME Clearing
      • #
      • 11-261
      • Notice Date
      • 25 July 2011
      • Effective Date
      • 26 July 2011
    •  The expiration date for the July 2011 option contracts for the SO2 Emission 25 Allowance Option (S2) is Tuesday, July 26, 2011.

       

       

      GENERAL OPERATIONAL PROCEDURES

       

      All Clearing Members and Qualified Traders that carried an options position as of the close of business day prior to the expiration day, or engaged in trading activity on Expiration Day in the expiring option contracts will be required to have a knowledgeable, duly authorized representative available promptly at 3:15 PM EST. All adjustments  and/or corrections, must be accompanied by relevant supporting documentation prior to being incorporated into expiration processing, in essence making the expiration processing an extension of the afternoon trade resolution procedures. 

       

      CME Group NY Division Clearing (212-299-2120) will be available to assist with the processing of notices of Exercise and Abandonment, transfers, trade corrections and other questions or problems you may have.

       

      For the full text of this advisory, please click here.