Clearing House Advisory Notice
To | Chief Financial Officers, Back Office managers
From | Clearing House
Subject | Clearing House Holiday Schedule - Memorial Day (5/28/01)
Effective Date | 05/18/01
Notice Number | 01-35
On Friday, May 25, 2001, all agricultural, currency and interest rate products and GSCI contracts will close at 12:00 noon. Equity products will close at their regular times. Agricultural Options will close at 12:02pm. All processing schedules for the Clearing House remain unchanged for Friday, May 25, 2001. The CME will be closed for trading on Monday, May 28, 2001. A. INTRA-DAY VARIATION AND PERFORMANCE BOND SCHEDULE All processing schedules for the Clearing House remain unchanged for Friday, May 25, 2001 The Clearing House will not conduct Intra-Day ("ITD") or End of Day ("RTH") settlement cycles on Monday, May 28, 2001. B. 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, May 25, 2001 | Tuesday, May 29, 2001
C. MONEYCHANGER DEADLINES/RATES The CME MoneyChanger service will be available on until 11:54:59 am on Friday, May 25, 2001. Any order to buy or sell foreign currency entered after 12:00 pm Friday, May 25, 2001, and before 1:54:59 pm on Tuesday, May 29, 2001, will be executed on Tuesday, May 29, 2001, at rates of 2:00 pm. CME MoneyChanger service will be closed on Monday, May 28, 2001. D. DEPOSITS OF PERFORMANCE BOND COLLATERAL CME settlement banks will not be open for business on Monday, May 28, 2001. E. FOREIGN CURRENCY PERFORMANCE BOND CASH WITHDRAWALS Please note the following general value date schedule for foreign currency performance bond withdrawls:
Request Date | Value Date
Friday, May 25, 2001 | Tuesday, May 29, 2001
F. FOREIGN CURRENCY SETTLEMENT VARIATION Please note the following general value date schedule for foreign currency settlement variation.
Trade Date | Value Date
Thursday, May 24, 2001 | Tuesday, May 29, 2001
Friday, May 25, 2001 | Tuesday, May 29, 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, May 25, 2001, intra-day cycle will be set to �zero� for all firms. No IEF purchases / redemptions will be allowed on Monday, May 28, 2001. H. GLOBEX� GLOBEX� will open on Sunday, May 27, 2001 at 5:30 pm and it will close at 10:30 am on Monday, May 28, 2001. It will re-open at 5:30 pm on Monday, May 28, 2001. Trade date for all trades will be Tuesday, May 29, 2001. I. MOS PROCESSING There will be an AM and PM Inter-Exchange processing cycle on Friday, May 25, 2001. On Monday, May 28, 2001, there will be an AM Inter-Exchange cycle only. There will be no PM cycle. The deadline to submit trades to the AM Inter-Exchange processing cycle on May 28, 2001, is 7:00 a.m. Normal Inter-Exchange processing will resume on Tuesday, May 29, 2001. J. SPAN� FILES CME SPAN files will be produced on Friday, May 25, 2001, as per normal. CME SPAN files will not be produced on Monday, May 28, 2001. If you have questions on any of the above, please call Tim Golomb, Associate Director, Financial Management at (312) 930-3194. Any questions regarding MOS processing schedules may be directed to Mark Cox, Clearing Operations Analyst, and (312) 648-8699. If you have any question regarding SPAN, contact Dale Michaels, Director, Risk Management at (312) 930-3062.