Clearing House Advisory Notices
To | Clearing Member Firm Personnel
From | Clearing House
Subject | Settlement of the April 2004 GSCI Contract 04-64
Notice Date | 2004-04-16
Notice Number | 04-64
Effective Date |
Printer Friendly Version Please be advised that due to the June 2004 Lean Hogs contract limit moves today, the final settlement of the April 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 April GSCI futures and options positions from their bookkeeping systems, as they are still active contracts in the clearing system.