Clearing House Advisory Notice
From | Clearing House Department
Subject | Pork Belly Delivery Payment - Clarification
Effective Date | 03/03/03
Notice Number | 03-20
The deadline for a short to tender a notice to deliver frozen pork bellies is 2:00 p.m. on an eligible intent day. The delivery day is generally the next business day. The Clearing House delivery unit will process all intents and notify the buyer(s) of their assignment(s) the afternoon the intent is tendered. According to CME Rule 713.E �Payment� , the buyer receiving a delivery notice should present payment to the seller between the hours of 11:00 a.m. on the day of tender and 12:00 noon the following business day. To clarify delivery payment instructions for the frozen pork belly futures contract, buyers receiving notification of delivery on the tender day will have until 12:00 noon the next business day to remit payment to the seller. If you have any questions, please contact the Clearing House Deliveries Unit at 312.930.3172.