• Clearing Processing for Variable-Size and Eroding Contracts

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 09-350
      • Notice Date
      • 13 August 2009
      • Effective Date
      • 13 August 2009
    • This advisory provides important information for clearing firms about variable-size and eroding products. 
      Although these features have long been supported in the NYMEX clearing system and in firm bookkeeping systems, the upcoming integration of NYMEX into the CME clearing system will mark the first time such features have been processed through the CME clearing system.

      CME Clearing will support these features in exactly the same manner as they have previously worked, except with certain improvements described below. Existing bookkeeping system code, however, should continue to work without modification.

      For the full text of this advisory, please click here.