Market Data Advisory Notices
To | Market Data Distributors
From | Market Data Operations
Subject | Settlement of the April 2004 GSCI Contract
Notice Date | 2004-04-19
Notice Number | Q2004-39
Effective Date |
Please be advised that due to the June 2004 Lean Hogs contract limit move on Friday, April 16, 2004, the final settlement of the April 2004 Goldman Sachs Commodity Index (GSCI) did not occur. Under the terms of the GSCI contract, the CME’s Research Department will not calculate a final settlement if a component contract month’s settlement price on the day of regular calculation of the final settlement price is unavailable because of an unanticipated and/or unannounced closure of component contract market, then the price of such component contract to be used in calculating the final settlement price shall be the next available official settlement price. In the interim, market data distributors are advised not to delete April GSCI futures and options from their systems, as they remain active until settlement. If you have any questions regarding this notice, please contact: Marilee Radecki 312.930.8193 mradecki@cme.com Lisa Amato 312.338.2654 lamato@cme.com Thank you.