Clearing House Advisory Notices
To | Clearing Member Firms, Attn: Back Office Managers, Delivery Personnel
From | Clearing House Department
Subject | Hungarian Forint – March 2006 Delivery Day
Notice Date | 2006-02-22
Notice Number | 06-41
Effective Date | 2006-02-22
The Hungarian Forint and Hungarian Forint/Euro cross-rate currency delivery will occur on Thursday, March 16, 2006 instead of Wednesday, March 15,2006 due to a national holiday in Hungary. According to CME rule 26702.A. Delivery Days – Delivery shall be made on the third Wednesday of the contract month. If that day is not a business day in the country of delivery or is a bank holiday in either Chicago or New York City, then delivery shall be made on the next day which is a business day in the country of delivery and is not a bank holiday in Chicago or New York City. By 1:00 p.m. on Wednesday, March 15, 2006, long clearing firms receiving delivery of Hungarian Forint must pay by wire transfer or submit an order-to-pay for the dollar value of the Hungarian Forint to Citibank, New York. Long clearing firms receiving Euro of the Hungarian Forint/Euro cross-rate must submit a Euro denominated OTP to Citibank, New York. If there are any questions, please call the Deliveries Unit at (312) 930-3172. Printer Friendly Version. . .