Full Year Trading and Second Seasonal Max Contract

Following a successful 2008 season, where our total coverage traded was $400 million, CME Group has made several improvements based on customer feedback to our hurricane futures and options on futures contracts.

We have extended Hurricane futures and options trading to encompass the entire year, from January 1 to December 31. This enables customers to begin looking at their risk associated with the coming hurricane season early in the year, and also helps them net positions and manage risk in case of a late season hurricane event.
We have also added a new family of Second Seasonal Maximum Binary Contracts, using the CHI, which launched on Monday, January 12, 2009. This product acts as a second event cover, in situations where a second major hurricane occurs, and coverage was wiped out by the first major hurricane. The Second Seasonal Maximum contract complements the current hurricane Event Seasonal Maximum Binary contracts.

We will use Eqecat as the final settlement mechanism for all hurricane contracts.

CARVILL HURRICANE INDEX SECOND SEASONAL MAXIMUM BINARY OPTIONS

Underlying Contract	One CME Hurricane Index Seasonal Maximum Futures Contract for the second hurricane making landfall in a specific location between January 1 and December 31, inclusive, with a particular maximum CHI value.
Trading Unit	$10,000
Tick Size (minimum fluctuation)	Full Tick = 0.01 Index Point (= $100 per contract) Quoted in points, in a range between 0 and 100 points
Daily Price Limits	n/a
Trading Hours (All times listed are Central Time)	OPEN OUTCRY (Trading Floor) \| MON-FRI: 8:30 a.m.-3:15 p.m.
Last Trade Date & Time View calendar	First business day that is at least two calendar days following December 31; 9:00 a.m.
Contract Months View listings	n/a
Strike Price Intervals	1 index point in a range of 0 to 50 index points See CME Rule 428C02.E.
Exercise Procedure	American Style - See CME Rule 428C03
Position Limits	All months combined: 10,000 futures-equivalent contracts See CME Rule 428C02.F.
Ticker Symbols	View codes
Rulebook Chapter	428C

CARVILL HURRICANE INDEX SECOND SEASONAL MAXIMUM CAT-IN-A-BOX BINARY OPTIONS

Underlying Contract	One CME Hurricane Index Seasonal Maximum Cat-In-A-Box Futures Contract for the second hurricane entering a designated geographic area between January 1 and December 31, inclusive, with a particular maximum CHI value.
Trading Unit	$10,000
Tick Size (minimum fluctuation)	Full Tick = 0.01 Index Point (= $100 per contract) Quoted in points, in a range between 0 and 100 points
Daily Price Limits	n/a
Trading Hours (All times listed are Central Time)	OPEN OUTCRY (Trading Floor) \| MON-FRI: 8:30 a.m.-3:15 p.m.
Last Trade Date & Time View calendar	First business day that is at least two calendar days following December 31; 9:00 a.m.
Contract Months View listings	n/a
Strike Price Intervals	1 index point in a range of 0 to 50 index points See CME Rule 432C02.E.
Exercise Procedure	American Style - See CME Rule 432C03
Position Limits	All months combined: 10,000 futures-equivalent contracts See CME Rule 432C02.F.
Ticker Symbols	View codes
Rulebook Chapter	432C