Clearing House Advisory Notice
To | Back Office Managers, Chief Financial Officers
From | Clearing House Department
Subject | Clearing House Holiday Schedule � COLUMBUS DAY
Effective Date | 10/04/01
Notice Number | 01-68
FRIDAY OCTOBER 5, 2001 There will be an abbreviated trading schedule on Friday, October 5, 2001. Agricultural and Equity Quadrants will close at their regular time. Currencies and Interest Rates will close at noon. MONDAY OCTOBER 8, 2001 Monday, October 8, 2001, U.S. Banks will be closed in observance of Columbus Day. The CME will be open on Monday, October 8, 2001. Currencies and Interest Rates will be closed. Agricultural and Equity Index products will be open for trading and close at their regular time. Currencies and Interest Rates will be open on GLOBEX from 5:30 p.m. Sunday, October 7, 2001 until 10:30 a.m. Monday, October 8, 2001, for trade date October 8, 2001. Currencies and Interest Rates will reopen at 4:30 p.m. Monday, October 8, 2001 for the next business day. Equities and Agricultural products on GLOBEX will operate on their normal schedules. The Singapore Exchange will be open for trading Monday, October 8, 2001. A. INTRA-DAY VARIATION AND PERFORMANCE BOND SCHEDULE The Clearing House will not conduct an Intra-Day settlement cycle on Monday, October 8, 2001. Intra-Day SPAN files will not be generated on Monday, October 8, 2001. The Early and Final SPAN files will be produced at their normal times. B. MONEYCHANGER DEADLINES /RATES The CME MoneyChanger Service will be available until 11:54:59 a.m. on Friday, October 5, 2001. Any orders to buy or sell foreign currency entered after 12:00 on Friday, October 5, and before 1:54:59 p.m. on Tuesday, October 9, 2001, will be executed on Tuesday, October 9, 2001, at rates of 2:00 p.m. C. MONEYCHANGER VALUE DATES Due to the effect of the U.S. bank holiday transaction processing, please note the following adjustments to the MoneyChanger dates:
Trade Date | Value Date
Friday, October 5, 2001 | Tuesday, October 9, 2001
Monday, October 8, 2001, MoneyChanger is closed. D. DEPOSITS OF PERFORMANCE BOND COLLATERAL The U.S. bank holiday will prevent the posting of transactions on Monday, October 8, 2001. Due to the U.S. bank holiday clearing firms will be unable to deposit additional collateral or withdraw excess collateral on Monday, October 8, 2001. E. FOREIGN CURRENCY PERFORMANCE BOND CASH WITHDRAWALS Due to the U.S. bank holiday�s effects on transaction processing, please note the following adjustments to value dates on foreign currency performance bond cash withdrawals:
Request Date | Value Date
Friday, October 5, 2001 | Tuesday, October 9, 2001
F. FOREIGN CURRENCY SETTLEMENT VARIATION Due to the U.S. bank holiday�s effects on transaction processing, please note the following adjustments to the value dates for foreign currency settlement variation.
Trade Date | Value Date
Thursday, October 4, 2001 | Tuesday, October 9, 2001
Friday, October 5, 2001 | Wednesday, October 10, 2001
G. A.M. SETTLEMENT CONFIRMATIONS Although the U.S. banks are closed on Monday, October 8, 2001, your settlement bank will still provide an a.m. settlement confirmation for both U.S. dollar and foreign currency transactions by 6:40 a.m. on Monday, October 8, 2001. Payment for U.S. dollar settlement transactions from business as of Friday, October 5, 2001, will occur on Tuesday, October 9, 2001. Payment for foreign currency settlement transactions from business as of Friday, October 5, 2001 will occur on Wednesday, October 10, 2001. H. INTEREST EARNING FACILITY (IEF) and INTEREST EARNING FACILITY (IEF2) Due to the U.S. bank holidays effect on transaction processing, please note the following adjustments to IEF processing schedules. IEF settlement elections for the Friday, October 5, 2001, ITD cycle will be set to �zero� for all firms. Clearing firms IEF settlement elections will be re-enabled by the Clearing House, effective with the RTH cycle on Monday, October 8, 2001. FRIDAY, OCTOBER 5, 2001 All IEF transactions must be presented to the Clearing House by 11:00 a.m. IEF2 deadlines vary by fund. Please call the Clearing House (312)207-2594 for specific fund deadlines. No IEF or IEF2 purchases/redemptions will be allowed on Monday, October 8, 2001. I. INTER-EXCHANGE PROCESSING Both Inter-Exchange cycles will be run on Monday, October 8, 2001. 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.