Pending all relevant regulatory review periods, effective on Monday, September 15, 2014, CME, CBOT, NYMEX and COMEX will adopt a revision to each Exchange’s Rule 812 (“Final Settlement Price”). The revision limits to ten business days the time period during which a financial adjustment will be permitted after a final settlement price has been publicly disseminated in the event there is a revision to the previously disseminated final settlement price. The revision is intended to ensure that parties have financial finality with respect to Exchange issued settlement prices.
Click HERE to view full advisory.
Register for regular updates here and manage your email preferences.