Integration of NYMEX into CME Clearing

Clearing House Advisory Notices

To	Clearing Member Firms
From	CME Clearing
Subject	Integration of NYMEX into CME Clearing
Notice Date	2008-10-09
Notice Number	08-252
Effective Date	2008-10-09
This advisory presents an overview of the process and timeline by which NYMEX and COMEX products will be integrated into CME Clearing. The integration will be accomplished in four phases: Phase 1 – Monday, December 8, 2008: Back-end integration – clearing-level performance bond (margins), collateral management, financial settlement and banking Phase 2 – Friday, April 10, 2009: Combined customer-level performance bond processing Phase 3 – Monday, July 13, 2009: Front-end integration – trade and position processing – for COMEX products Phase 4 – Monday, August 3, 2009: Front-end integration – trade and position processing – for NYMEX products This plan provides important near-term financial benefits for joint clearing members with minimal disruption to existing clearing practices for NYMEX and COMEX products, while providing plenty of time for testing and implementation of the more significant changes associated with integration of trade and position processing. For the full-text of this advisory, please click here.