Clearing House Advisory Notice
To | Back Office Managers
From | Clearing House Dept.
Subject | Settlement of the May 2000 GSCI Contract
Effective Date | 05/16/00
Notice Number | 00-41
Please be advised that the Research Department has calculated a final settlement price for the May Goldman Sachs Commodity Index (GSCI) contract at a value of 223.53. As you are aware, yesterday, the Exchange was unable to calculate this settlement price due to a limit settlement in the June 2000 Lean Hog contracts traded at the Chicago Mercantile Exchange. Under the terms of the GSCI contract, the Research Department will not calculate a final GSCI settlement while any component contract settles to a limit price, for up to 10 days after the last day of trading. All in-the-money May GSCI options will be automatically exercised tonight and both futures and options will be marked to the final settlement price listed above. For more information, please contact the Clearing House Risk Unit, at (312) 648-3888, or the Deliveries Unit, at (312) 930-3172.