• REMINDER - BTIC on Bloomberg Commodity Index (BCI) Transfer/Corrections, December 3rd

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 18-466
      • Notice Date
      • 21 November 2018
      • Effective Date
      • 03 December 2018
    • As a reminder, effective Monday, December 3, 2018, CME Clearing will begin using an enhanced version of the Transfer/Correct feature to address Market Disruption events on BTIC Trades on the Bloomberg Commodity Index.

      Prior to this enhancement and following the launch of BTIC on BCI futures, the procedure for handling market disruption event required CME Clearing to enter cash adjustments using the final updated value of the index.

      https://www.cmegroup.com/content/dam/cmegroup/notices/clearing/2018/07/Chadv18-301.pdf

      Click here for the full text of the advisory

      18-466