For your information, following is an overview of the CBOT Financial
delivery cycle.
CME Clearing House will be contacting firms on the last trade dates
below to confirm their final positions.
|
Products
|
Initial Inventory
|
First
Intent
|
First
Notice
|
First Delivery
|
Last Trade
|
Last
Intent
|
Last Delivery
|
|
T-Bonds/10yr. Notes
|
May 27
|
May 29
|
May 30
|
June 2
|
June 19
|
June 26
|
June 30
|
|
2 Yr. Notes/5 Yr. Notes
|
May 27
|
May 29
|
May 30
|
June 2
|
June 30
|
July 1
|
July 3
|
The CBOT Financial delivery cycle involves three days. The major
events on each date are listed below:
Day 1
· Intents must be entered into the Delivery System by 8:00
p.m.
· Assignment processing will occur after 8:00 p.m. daily.
Day 2
· Shorts must select the instruments they will deliver and confirm
their invoices by 2:00 p.m.
· Longs may enter bank account information on invoices the shorts have
confirmed until 4:00 p.m.
Day 3
· Physical delivery of the intents of Day 1 in the 30 Year Bond, 10
Years Note, 5 Year and 2 Year Note contracts occurs prior to 1:00 p.m.
· Longs or shorts must notify CME Clearing of a failed delivery by 2:00
p.m. in order to avail themselves of the guarantee protections pertaining to the delivery
process.
Firms that have long positions should maintain those positions daily
throughout the delivery cycle, adding and removing dates as necessary. CME and CBOT staff will
be monitoring firm positions and long date totals.
Issues and Stops Report will be available at approximately 9:00 p.m.
nightly on the CME Group web site (http://www.cmegroup.com/market-data/datamine-historical-data/cbot-delivery-reports.html
). The report is also available in info pack as report name DLV600. The firm
assignment reports will be made available nightly under Info pack report name DLV300
nightly. CME Group will generate invoices on Infopac and Document Direct for Financial
products after 4:00 p.m. daily starting on the day after the first intent day. These are
available as report DLV400 and DLV401.
If you have any questions regarding the physical delivery process
please contact CME Deliveries Unit at (312) 930-3172.
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