The GreenX December 2011 Certified Emission Reduction (CER) contracts for both the Legacy and In Delivery Month contracts will soon expire. The Legacy contract, commodity code (VA), will terminate November 29, 2011 and the In Delivery Month contract, commodity code (6S) will terminate December 19, 2011.
Consequently, CME Group is reminding all GreenX Clearing Members of GreenX Rule 511, Adherence of Law, which states:
“No Participant or any of its Authorized Traders or Supervised Persons shall engage in conduct in violation of Applicable Law including, but not limited to, laws and regulations relating to economic or trade sanctions, the GreenX Rules or the Clearing House Rules (insofar as the Clearing House Rules relate to the reporting or clearance of any transaction in Contracts).”
“Applicable Law” means, with respect to any Person, any statute, law, regulation, rule or ordinance, including laws and regulations relating to economic or trade sanctions, of any governmental or self-regulatory authority applicable to such Person, including the CEA and CFTC Regulations (GreenX Rulebook Chapter 1, Definitions.)
Accordingly, any CERs from any country on the U.S. Office of Foreign Assets Control (OFAC) SDN – Specially Designated Nationals list or targeted countries and, thus, subject to U.S. sanctions will not be acceptable for delivery.
If there are any questions, please contact Deliveries at 312-930-3172.
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