Clearing House Advisory Notice
To | Chief Financial Officers, Back Office Managers
From | Clearing House Department
Subject | Clearing House Holiday Schedule � Martin Luther King Jr. Day
Effective Date | 01/10/01
Notice Number | 01-03
On Monday, January 15, 2001, U.S. banks and CME will be closed in observance of Martin Luther King Jr. 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, January 15, 2001. CME will not produce SPAN Files on Monday, January 15, 2001. B. MONEY CHANGER DEADLINES /RATES CME MoneyChanger Service will be available until 11:54:59 a.m. on Friday, January 12, 2001. Any orders to buy or sell foreign currency entered after 12:00 p.m. Friday, January 12, 2001, and before 1:54:59 p.m. on Tuesday, January 16, 2001, will be executed on Tuesday, January 16, 2001, at rates of 2:00pm. CME MoneyChanger service will be closed on Monday, January 15, 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, January 12, 2001 | Tuesday, January 16, 2001
D. DEPOSITS OF PERFORMANCE BOND COLLATERAL CME settlement banks will not be open for business on Monday, January 15, 2001. (OVER) 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, January 12, 2001 | Tuesday, January 16, 2001
F. FOREIGN CURRENCY SETTLEMENT VARIATION Please note the following general value date schedule for foreign currency settlement variation.
Trade Date | Value Date
Thursday, January 11, 2001 | Tuesday, January 16, 2001
Friday, January 12, 2001 | Wednesday, January 17, 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, January 12, intra-day cycle will be set to "zero" for all firms. On Friday, January 12, 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, January 15, 2001. H. MUTUAL OFFSET PROCESSING CME will complete an AM MOS processing cycle on Monday, January 15, 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, January 15, 2001. The Singapore Exchange will be open for trading on Monday, January 15, 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.