• REVISED: Kansas City Board of Trade (KCB) Delivery Integration Plan Reminder and Testing Update

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 13-223
      • Notice Date
      • 15 May 2013
      • Effective Date
      • 15 May 2013
      Beginning with the July 2013 Hard Red Winter Wheat (KW) contract, the HRW Wheat delivery process will be fully integrated into Deliveries Plus. The functionality will allow clearing firms to manage the delivery process through the user interfaces. The functionality will include the following:
      ·        Wheat registration
      ·        Long date reporting
      ·        Intent Submission
      ·        Assignment Processing
      ·        Reports
      ·        Invoicing
      As part of the integration, paper wheat receipts will be converted into electronic receipts through E-Grain. Any firm anticipating delivery in the July 2013 contract month must convert the paper receipts to electronic. Beginning June 3, 2013, clearing firms holding paper receipts can submit original receipts to the Kansas City Board of Trade Office located at 4800 Main Street, Suite 303, Kansas City, MO 64112 for conversion. The paper receipts will be cancelled and a new electronic receipt will be provided.  For further information on the conversion of receipts process please refer to the following Special Executive report dated April 15, 2013:
      In addition, firms submitting long dates via the long date file will be able to submit KCB Hard Red Winter Wheat long dates under exchange CBT on the file. The file will be processed and long dates will be stored under the KCB product exchange.
      Storage for HRW Wheat receipts will be managed between clearing firms and clearing agents of facilities. However, clearing firms may manage the storage paid through date of inventory in Deliveries Plus. Storage for HRW receipts must be current up to the first calendar day of each contract delivery month.  For the July 2013 contracts, the storage must be paid through June 30, 2013.
      Testing Update
      KCB Hard Red Winter Wheat (KW) delivery functionality will be available for testing in the New Release environment the afternoon of Wednesday, May 22, 2013.
      To test long date file submissions, please contact Deliveries at 312.930.3172 to coordinate. All long dates file submissions must include the word “test” in the file name.
      For example: PFTP.FXXXDLVTEST.DATA
      Deliveries Plus Training
      Please contact Deliveries at 312.930.3172 or send an email to clearinghousedelivteam@cmegroup.com to schedule Deliveries Plus training.
      If there are any questions, please contact Deliveries at 312.930.3172.

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