Clearing House Advisory Notices
To | Back Office Managers; BPS Users
From | CME Clearing
Subject | BPS IRS 1099 Notification #4-Mailing Your 1099 Statements
Notice Date | 2007-12-07
Notice Number | 07-305
Effective Date | 2007-12-07
MAILING YOUR 2007 1099 STATEMENTS: Please be aware that the creation of the 2007 1099 statements will be in a new format which will require special envelopes. Firms have a choice to either distribute the 1099’s to the brokers or have CME Group Document Processing Center complete this for a fee. The cost of this service is $0.20 per envelope plus postage, subject to a minimum charge of $5.00 or you can purchase the envelopes 24 @ $4.00. Please e-mail betty.hanning@cmegroup.com or ronald.burton@cmegoup.com for either of the services offered and we will forward a service request form for you to complete. Arrangements for these services must be made by January 31, 2008. Questions can be directed to Betty Hanning at 312-930-3450 or Ron Burton at 312-930-3451 2007 BPS 1099 PROCESSING SCHEDULE As a reminder, please reference the Clearing House Advisory Notice for 07-284 for a copy of the 2007 BPS 1099 Processing Schedule. The below link should serve as a reference as we go through the 1099 process. http://www.cme.com/clearing/clr/clradv../files/Chadv07-284.pdf If you have any questions concerning the 1099 processing schedule, please contact CME Group Clearing Services at (312) 207-2525 or e-mail at ccs@cmegroup.com Thank you! Printer Friendly Version...