Clearing House Advisory Notice
To | Chief Financial Officers Back Office Managers
From | Clearing House Department
Subject | Clearing House Holiday Schedule - Christmas Day
Effective Date | 12/19/00
Notice Number | 00-90
Friday, December 22, 2000 Currency and interest rate futures and options, and agricultural futures close at noon. Agricultural options close at 12:02 p.m. The GSCI contract will close at noon. Equity index products will close at their regular time. Friday will be a normal processing day. Sunday, December 24, 2000 GLOBEX2 trading will be closed. Monday, December 25, 2000 The CME will be closed on Monday, December 25, 2000. U.S. banks will also be closed. Globex2 is closed and will resume trading on Tuesday, December 26 at 5:30 a.m. A. BANKING AND SETTELMENT CYCLES The intra-day and end-of-day banking and settlement cycles will occur at their normal times on Friday, December 22. There will be no banking and settlement cycle processing on Monday, December 25. SPAN files will be produced at their normal times on Friday, December 22. B. MONEY CHANGER DEADLINES/RATES The CME MoneyChanger service will be available until 11:54:59 a.m. on Friday, December 22. Orders to buy or sell foreign currency entered after 12:00 noon on Friday, December 22, will be executed on Tuesday, December 26, at prevailing rates as of 2:00 p.m. 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 transaction:
Trade Date |  | Value Date
Friday, December 22, 2000 |  | Tuesday, December 26, 2000
On Monday, December 25, MoneyChanger is closed. D. WITHDRAWLS OF PERFORMANCE BOND COLLATERAL The U.S. banking holiday will prevent the posting of transactions dated December 25, 2000. Consequently, clearing firms will be unable to deposit or withdraw collateral on Monday, December 25. E. A.M. FINANCIAL SUBMISSION DEADLINES FOR FRIDAY DECEMBER 22
9:00 a.m. |  | Treasury deposit notification to banks
10:00 a.m. |  | Treasury and foreign currency withdrawal authorization forms to the Clearing House. Deposits or withdrawals of stock.
10:00 a.m. |  | Letter of credit amendments
10:30 a.m. |  | Bank confirmation to Clearing House
P.M. FINANCIAL SUBMISSION DEADLINES FOR FRIDAY DECEMBER 22
1:00 p.m. |  | Treasury deposit notification to banks
1:00 p.m. |  | Treasury and foreign currency withdrawal authorization forms to the Clearing House. Deposits or withdrawals of stock.
1:00 p.m. |  | Letter of credit amendments
1:30 p.m. |  | Bank confirmation to Clearing House
F. FOREIGN CURRENCY PERFORMANCE BOND CASH WITHDRAWALS
Request Date |  | Value Date
Friday, December 22, 2000 |  | Tuesday, December 26, 2000
G. FOREIGN CURRENCY SETTLEMENT VARIATION Due to the U.S. bank holiday�s effect on transaction processing, please note the following adjustments to the value dates for foreign currency settlement variation.
Trade Date |  | Value Date
Thursday, December 21, 2000 |  | Tuesday, December 26, 2000
Friday, December 22, 200 |  | Wednesday, December 27, 2000
H. A.M. SETTLEMENT CONFIRMATIONS Due to the CME and U.S. banks being closed on Monday, December 25, your settlement bank will provide an a.m. settlement confirmation for both U.S. dollars and foreign currency transactions on Tuesday, December 26, by 6:40 a.m. Payment for U.S. dollar settlement transactions from business as of Friday, December 22, will occur on Tuesday, December 26. Payment for foreign currency settlement transactions from business as of Friday, December 22, will occur on Wednesday, December 27, 2000. I. 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, December 22, intra-day cycles will be set to zero for all firms. On Friday, December 22, 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, December 25, 2000. J. INTER-EXCHANGE PROCESSING The Singapore Exchange is open for trading on Monday, December 25. As such, on the A.M. Inter-Exchange cycle will be processed. Trades for this cycle are due by 7:00 a.m. Normal Inter-Exchange processing schedule will resume on Tuesday, December 26. If you have questions regarding Inter-Exchange Processing, please call Mark Cox, Operations Analyst, at (312) 648-8699. If you have questions on any of the above, please call Tim Golomb, Associate Director Financial Management, at (312) 930-3194, or Marcos Garcia, Financial Supervisor, at (312) 930-2327, or Gary George, Supervisor Trade Management Systems, at (312) 648-3774.