Clearing House Advisory Notices
To | Clearing Member Firm Personnel
From | Clearing House Department
Subject | Settlement of the August 2004 GSCI Contract
Notice Date | 2004-08-16
Notice Number | 04-144
Effective Date |
Please be advised that due to the October Lean Hogs contract limit moves today, the final settlement of the August 2004 Goldman Sachs Commodity Index (GSCI) will not occur today. Under the terms of the GSCI contract, the Research Department will not calculate a final settlement if a component contract month's settlement price on the day of regular calculation of the final settlement price is unavailable because of an unanticipated and/or unannounced closure of component contract market, then the price of such component contract to be used in calculating the final settlement price shall be next available official settlement Price. In the interim, clearing members are advised not to delete August GSCI futures and options positions from their bookkeeping systems, as they are still active contracts in the clearing system. For the full text of this advisory...