Clearing House Advisory Notice
From | Clearing House Department
Subject | Clearing House Holiday Schedule � President's Day 2001
Effective Date | 02/14/01
Notice Number | 01-16
Friday, February 16, 2001 Agricultural futures, currencies, interest rates and GSCI products close at noon. Agricultural options close at 12:02. Equity products will close at their regular time. Monday, February 19, 2001 U.S. banks and CME will be closed in observance of President�s Day. The Singapore Exchange will be open. A. INTRA-DAY VARIATION AND PERFORMANCE BOND SCHEDULE The Clearing House will not process Intra-Day or End-of-Day settlement cycles on Monday, February 19, 2001. CME will not produce SPAN Files on Monday, February 19, 2001. B. MONEY CHANGER DEADLINES /RATES CME MoneyChanger Service will be available until 11:54:59 a.m. on Friday, February 16, 2001. Any orders to buy or sell foreign currency entered after 12:00 p.m. Friday, February 16, 2001, and before 1:54:59 p.m. on Tuesday, February 20, 2001, will be executed on Tuesday, February 20, 2001, at rates of 2:00pm. CME MoneyChanger service will be closed on Monday, February 19, 2001. C. MONEYCHANGER VALUE DATES Due to the U.S. bank holiday effects on transaction processing, please note the following adjustments to the value dates for MoneyChanger transactions:
Trade Date | Value Date
Friday, February 16, 2001 | Tuesday, February 20, 2001
(OVER) D. DEPOSITS OF PERFORMANCE BOND COLLATERAL CME settlement banks will not be open for business on Monday, February 19, 2001. E. FOREIGN CURRENCY PERFORMANCE BOND CASH WITHDRAWALS Please note the following general value dates schedule for foreign currency performance bond withdrawals:
Request Date | Value Date
Friday, February 16, 2001 | Tuesday, February 20, 2001
F. FOREIGN CURRENCY SETTLEMENT VARIATION Please note the following general value date schedule for foreign currency settlement variation.
Trade Date | Value Date
Thursday, February 15, 2001 | Tuesday, February 20, 2001
Friday, February 16, 2001 | Wednesday, February 21, 2001
G. 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 Friday, February 16, intra-day cycle will be set to �zero� for all firms. On Friday, February 16, firms must call the Clearing House by 10:00 a.m. for any deposits or redemptions of IEF. No IEF purchases or redemptions will be allowed on Monday, February 19, 2001. H. MUTUAL OFFSET PROCESSING CME will complete an AM MOS processing cycle on Monday, February 19, 2001. All inter-exchange allocations and acceptances must be completed by 8:00 a.m. There will be no PM MOS processing cycle on Monday, February 19, 2001. The Singapore Exchange will be open for trading on Monday, February 19, 2001. If you have questions on any of the above, please call Tim Golomb, Associate Director, Financial Management, at (312) 930-3194, or Marcos J. Garcia, Financial Supervisor, at (312) 930-2327.