PC-SPAN version 4.5 build 593 is now available for download on CME CORE at:
This version contains an enhancement necessary for proper margining of futures-style options. CME will launch trading in futures-style options on Monday, October 12, with the launch of NYMEX BZO options, futures-style options on Brent Crude Oil futures.
In particular, this version is required if portfolios being margined simultaneously contain positions in both premium-style and futures-style options in the same combined commodity. So for example, if you have accounts with the new BZO futures-style options, and if any of these accounts also have any of the existing premium-style options (BE, OS, BW1 through BW5), then the new version is required.
For more information please see:
For product features and full contract specifications:
For Clearing Advisory 15-260 explaining the clearing process for futures-style options:
For New Product Advisory 15-259 with full details on the BZO options:
Or contact CME Clearing Risk Management at firstname.lastname@example.org, or 312-648-3888.
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