SPAN Advisory Notices
To SPAN and PC-SPAN Users
From Clearing House
Subject New CME and CBOT Contracts launching Feb. 9th
Notice Date 2004-02-06
Notice Number SPAN 04-04
Effective Date  

CME will launch trading on GLOBEX in futures on the US Consumer Price Index (CPI) this Sunday evening, for business day Monday February 9th.

CBOT will launch trading on e-cbot® in (a) options on Mini Dow futures and (b) futures on the Dow Total Market Index for business day Monday February 9th.

PC-SPAN® Organization Master file parameters are as follows:

CME futures on the US Consumer Price Index:  Clearing Organization=CME; Exchange=CME; Product Code=CU; Product Name=CPI; Product Type=Future; Settlement Currency=USD; Contract Value Factor=2500; Settlement Method=CASH; Price Quotation Method=IDX; Valuation Method=FUT; Settlement Price Decimal Locator=4.

CBOT options on Mini Dow futures:  Clearing Organization=CME; Exchange=CBT; Product Code=YM; Product Name=Mini-Dow; Product Type=Option on Future; Settlement Currency=USD; Contract Value Factor=5; Settlement Method=DELIV; Price Quotation Method=IDX; Valuation Method=EQTY; Exercise Style=AMER; Option Pricing Model=M; Settlement Price Decimal Locator=2; Strike Price Decimal Locator=-2 (minus 2); Default Cabinet Option Value=1.00.

CBOT futures on Dow Total Market Index:  Clearing Organization=CME; Exchange=CBT; Product Code=TM; Product Name=DOW TOTAL MKT IDX; Product Type=Future; Settlement Currency=USD; Contract Value Factor=500; Settlement Method=CASH; Price Quotation Method=IDX; Valuation Method=FUT; Settlement Price Decimal Locator=2.

As always, you can manually add these records to PC-SPAN's Organization Master file.  Or, if you are using the "expanded-unpacked" Common Clearing Link (CCL) SPAN® file, you can automatically update your PC-SPAN Organization Master file simply by loading the SPAN file into PC-SPAN.  Simply load the February 9th "pa2" file into PC-SPAN, and then select "OK" when you are prompted to save the changes to the Organization Master file.

You can also download the latest Organization Master file from the Internet, at either ftp.cme.com/pub/span/util/orgmast.exe (as a self-extracting ZIP file containing "orgmast.mst"), or at ftp.cme.com/pub/span/util/orgmast-ccl.zip (as an ordinary ZIP file containing "orgmast-ccl.mst".) 

Please note that, now that the CBOT-CME Common Clearing Link is fully implemented, there is no longer any distinction between the original "orgmast.mst" file or the "orgmast-ccl.mst" file.  We recommend that all PC-SPAN users revert to downloading the originally-named Organization Master file "orgmast.exe".  After downloading this file, execute it to extract "orgmast.mst".  Move "orgmast.mst" to PC-SPAN's Master File directory (typically c:\span4\master), then use the "Tools Preferences" command to change the name of the Organization file file from "orgmast-ccl.mst" back to "orgmast.mst".  We will cease publication of the separate "orgmast-ccl" file shortly.

For more information please contact CME's SPAN Hotline at 312-648-3888.