Client Management Advisory Notice
From | Systems Liaison
Subject | Procedural Change to Remove Cash Settled Futures � Effective August 11, 2000
Effective Date | 08/03/00
Notice Number | CM#0004
Currently, our practice is to remove the open cash settled futures positions two days following the settlement date of the contract. However, effective Friday, August 11, 2000, cash settled futures positions will be removed from the Clearing System the day following the settlement date of the contract. EXAMPLE: The August 2000 Eurodollar and LIBOR futures expire and settle on Monday, August 14, 2000. All open positions at the start of Tuesday, August 15, 2000 will be removed from the Clearing System. The delivery-adjusted positions will be reflected on Tuesday night�s Trade Register. Open cash settled positions will continue to be deleted as they clear after the last day of trading, up to the delete date for the contract month. Please communicate this important change with the applicable staff. All questions should be directed to Farris Oweimrin at 648-4780. Thank you!