Client Management Advisory Notice

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From Client Management
Subject Seminar to Review Clearing Requirements for S&P Europe Products
Effective Date 06/08/01
Notice Number CM#0140
On June 21, 2001, CME and MEFF, the Spanish Futures and Options Exchange, jointly plan to introduce a new and innovative arrangement involving the new Standard & Poor's European Index futures and options contracts. This clearing related seminar will review the clearing and operational requirements for this exciting new trading alliance. There have been several clearing and operational memos forwarded to member firms over the past several weeks. Attached for your further review is a Q&A document. The basis of the presentation will cover much of the information that is contained in this document. If there is an issue that is not addressed in this document, feel free to forward questions to us in advance of the seminar to kmccoy@cme.com. so that we can be sure to cover that clearing related topic. Lastly, bring the relevant staff in your firm that will be responsible for processing these transactions.

This seminar will be held Wednesday, June 13, 2001 from 10:30 -11:30 a.m., in Committee Rooms "HIJ", located on the 3rd floor of the CME North Tower.

Please confirm your attendance e-mail or fax the attached form (Exhibit I) by 12:00 noon, Tuesday, June 12th, cm@cme.com or fax #: (312) 930-8158. If you have any questions, please call Karen F. McCoy at (312) 930-4524. Your attendance and participation is most appreciated. Thank you.

CME � MEFF Alliance Seminar: Launch of S&P Europe Products- June 21, 2001

Response Form

FIRM NAME_____________________
FIRM #__________________________

PHONE #_________________________

I will attend the CME-MEFF launch seminar on Wednesday, June 13, 2001 from 10:30 -11:30 a.m., in Committee Rooms "HIJ".

NAMES
__________________________________________________
__________________________________________________

Fax: (312) 930-8158, email: cm@cme.com