Chicago Mercantile Exchange

 

Clearing House Advisory Notice

Volume 99 - 99 

November 10, 1999 


                                                                          

TO:                  CME Clearing Firms

                        Deliveries Personnel

 

 

FROM:            CME Clearing House

                        Deliveries Unit

 

RE:                   November 1999 Lumber and Oriented Strand Board Future Contract

 

 

 

 

The last trading day for the November 1999 Lumber future and Oriented Strand Board future contract is Monday, November 15, 1999.    Firms are reminded that they must call in their final long and short positions immediately after the close.  Further, if EFP transactions are executed after the close of trading, firms are required to report those transactions as part of their final positions.

 

Clearing firms entering into an EFP transaction after termination of trading are required to contact the Deliveries Manager for approval.  The firm must provide written documentation, on firm letterhead, detailing the specific contract, quantity, price and opposite firm involved in the EFP transaction.

 

If there are any questions, please call John Verde, Deliveries Manager, at (312) 930-3185.