Clearing House Advisory Notice
To | Chief Financial Officers, Back Office Managers
From | Clearing House Division
Subject | Holiday Schedule - Veteran's Day - November 12, 2001
Effective Date | 11/02/01
Notice Number | 01-75
HOLIDAY SCHEDULE � VETERAN�S DAY � NOVEMBER 12, 2001 FRIDAY, NOVEMBER 9, 2001 There will be an abbreviated trading schedule on Friday, November 9, 2001. Agricultural and Equity quadrants will close at their regular time. Currencies and Interest Rates will close at noon. MONDAY, NOVEMBER 12, 2001 Monday, November 12, 2001,U.S. Banks will be closed in observance of Veteran�s Day. CME will be open on Monday, November 12, 2001, with the exception of Currencies and Interest Rates. Agricultural and Equity Index products will be open for trading and close at their regular time. Currencies and Interest Rates will be open on GLOBEX from 5:30 p.m. Sunday, November 11, 2001, until 10:30 a.m. Monday, November 12, 2001, for trade date November 12, 2001. Currencies and Interest Rates will reopen at 4:30 p.m. Monday, November 12, 2001 for the next business day. Equities and Agricultural products on GLOBEX will operate on their normal schedules. The Singapore Exchange will be open for trading Monday, November 12, 2001. A. INTRA-DAY VARIATION AND PERFORMANCE BOND SCHEDULE Friday, November 9, 2001, the Clearing House will process Intra-Day and End of Day variation and performance bond calls and releases on its normal schedule. The Clearing House will NOT process Intra-Day performance bond calls and releases on Monday, November 12, 2001. B. SPAN FILES SPAN files will be produced at their normal times on Friday and Monday. C. MONEYCHANGER DEADLINES /RATES The CME MoneyChanger Service will be available until 11:54:59 a.m. on Friday, November 9, 2001. Any orders to buy or sell foreign currency entered after 12:00 p.m. Friday, November 9, and before 1:54:59 p.m. on Tuesday, November 13, 2001, will be executed on Tuesday, November 13, 2001, at rates of 2:00 p.m. D. MONEYCHANGER VALUE DATES Due to the effect of the U.S. bank holiday transaction processing; please note the following adjustments to the MoneyChanger dates: Trade Date Value Date Friday, November 9, 2001 Tuesday, November 13, 2001 Monday, November 12, 2001, MoneyChanger is closed. E. DEPOSITS OF PERFORMANCE BOND COLLATERAL The U.S. bank holiday will prohibit the posting of transactions on Monday, November 12, 2001. F. FOREIGN CURRENCY PERFORMANCE BOND CASH WITHDRAWALS Due to the U.S. bank holiday�s effects on transaction processing, please note the following adjustments to value dates on foreign currency performance bond cash withdrawals: Request Date Value Date Friday, November 9, 2001 Tuesday, November 13, 2001 G. FOREIGN CURRENCY SETTLEMENT VARIATION Due to the U.S. bank holiday�s effects on transaction processing, please note the following adjustments to the value dates for foreign currency settlement variation. Trade Date Value Date Thursday, November 8, 2001 Tuesday, November 13, 2001 Friday, November 9, 2001 Wednesday, November 14, 2001 H. A.M. SETTLEMENT CONFIRMATIONS The U.S. banks are closed on Monday, November 12, 2001. Your settlement bank will provide an a.m. settlement confirmation for both U.S. dollar and foreign currency transactions by 6:40 a.m. on Monday, November 12, 2001. Payment for U.S. dollar settlement transactions from business of Friday, November 9, 2001, (RTH cycle) will occur on Tuesday, November 13, 2001. I. INTEREST EARNING FACILITY (IEF) Due to the U.S. bank holiday's effect on transaction processing, please note the following adjustments to IEF processing schedules. IEF settlement elections for the Friday, November 9, 2001, ITD cycle will be set to �zero� for all firms. The CME will re-enable the Clearing House ITD cycle effective on Tuesday, November 13, 2001. No IEF or IEF2 purchases/redemptions will be allowed on Monday, November 12, 2001. J. INTEREST EARNING FACILITY 2 (IEF2) Due to the U.S. bank holiday effect on transaction processing, please note the following adjustments to IEF2 processing schedules. Deadlines for Funds on Friday, November 9, 2001 Nations Cash Reserve - Capital Shares - 1:00 p.m. Goldman Financial Square Funds - 1:30 p.m. Prime Obligations Fund Harris Insight Money Market Fund - 1:30 p.m. J. P. Morgan Institutional Prime - 1:30 p.m. Money Market Blackrock TempFund - 2:30 p.m. BBH Common Settlement II Fund - 2:30 p.m. One Group Institution Prime Money - 2:30 p.m. Market Fund No IEF2 purchase/redemptions will be allowed on Monday,November 12, 2001. K. INTER-EXCHANGE PROCESSING Both Intra-Exchange cycles will be run on Monday, November 12, 2001. If you have questions regarding Inter-Exchange Processing, please call Jeff Rosenthal, Operations Analyst, (312)930-3186. If you have questions on any of the above, please call Tim Golomb, Associate Director, Financial Management (312) 930-3194; or Marcos Garcia, Financial Supervisor, (312) 930-2327.