Clearing House Advisory Notices
To | Clearing Member Firm Personnel, Service Bureau Representatives and Independent Software Vendors
From | Clearing House Department
Subject | Weather Contracts Size Change
Notice Date | 2004-04-12
Notice Number | 04-57
Effective Date |
Printer Friendly Version Effective Monday, April 12, 2004, the size of the existing weather futures and options contracts will be reduced to one-fifth the current value (from $100 per degree day to $20). This change applies to only the Heating Degree Days (Domestic HDD and European CAT) Monthly and Seasonal futures and options. The Domestic and European Cooling Degree Days were converted during March 2004. Any existing open interest will be multiplied times five. There will be no effect on strike prices, strike intervals and strike ranges, however. If you have any questions regarding this notice, please contact Client Management at 312.338.2654. Thank you.