Clearing House Advisory Notices
To | Clearing Member Firms
From | CME Clearing
Subject | NYMEX/COMEX and CME/CBOT Rule Harmonization
Notice Date | 2008-12-03
Notice Number | 08-378
Effective Date | 2008-12-03
Over the past several months, NYMEX/COMEX clearing rules have been harmonized to the extent possible with CME/CBOT Rules. In some circumstances, however, harmonization was not possible due to the unique characteristics of NYMEX policies or procedures. This Advisory describes the material differences between existing CME Chapters 8 and 9 and new NYMEX/COMEX Chapters 8 and 9. The new NYMEX/COMEX rules will become effective on December 4. Set forth immediately below is a brief description of the new NYMEX/COMEX Clearing Rules that are materially different than the CME/CBOT Clearing Rules set forth in Chapters 8 and 9. At the end of this Advisory are marked rules that show the differences between new NYMEX/COMEX Clearing Rules and CME/CBOT Clearing Rules. If you have any questions regarding these rule changes, please contact CME Clearing at (312) 930-3170. For the full-text of this advisory, including a detail of the rule harmonization, please click here. For a complete set of rules that illustrate the changes, please follow the following links: Chapter 8 Rules Chapter 9 Rules