Clearing House Advisory Notices
To | Clearing Member Firms and Back Office Managers
From | Clearing House Department
Subject | Physical Delivery of ETF Contracts
Notice Date | 2005-05-20
Notice Number | 05-88
Effective Date |
As previously announced on May 5, 2005 CME will launch futures contracts on Exchange Traded Funds (ETFs). These contracts will have the NASDAQ-100® Index Tracking Stock (QQQQ), S&P 500® Depositary Receipts (SPDRs) and iShares Russell 2000® (IWO) as the underlying for the future. These futures will be physically delivered with the Clearing House as the central counterparty for the delivery. This memo describes the physical delivery procedure for these contracts. The first delivery of these contracts is slated for September 2005. For the full text of this advisory...