In response to recent inquiries regarding the types of transactions that are eligible for inter-exchange transfer to the Singapore Exchange (SGX) via the Mutual Offset System (MOS), please be reminded of the following:

1. Pursuant to interpretations and practice with respect to rules in Chapter 8A - Mutual Offset System, only futures trades are eligible for inter-exchange transfer to SGX via MOS.
2. Current futures products eligible for the MOS are Eurodollar, EuroYen, EuroYen LIBOR, and yen denominated Nikkei 225 contracts.
3. Options on the above-mentioned futures products are not eligible for inter-exchange transfer via MOS.
4. Customer authorization for inter-exchange transfer via MOS must be designated prior to, or at the time of, a trade's execution.
5. Once a trade clears and becomes an overnight position, it is no longer eligible for subsequent inter-exchange transfer via MOS.
6. Futures positions resulting from exercise or assignment of an option are not eligible for inter-exchange transfer via MOS.

Please review your current practices to ensure compliance with these requirements.   If you have any questions, please call Stephen Staszak, Clearing House Department, at 312-930-3189.

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