REVISED: Clearing and Bookkeeping Processing for CMEGroup's S&P GSCI Excess Return Index Swap Contracts

On Monday, March 16, 2009, CME Group will launch clearing of S&P GSCI® Excess Return Index Swap contracts. The clearing product code will be SES.  Privately negotiated deals in this contract will be captured via CME Clearport Clearing and will post in Front End Clearing as transaction type “OPNT” (over-the-counter privately-negotiated trade). Furthermore, this is an OTC contract where the customer protections for these products will initially be provided under the “30.7 Secured” treatment, consistent with CME Rule 8F03 Note, however, that these products are not initially eligible for standard customer segregation treatment. This advisory supersedes Clearing House Advisory# 09-84 dated March 6,2009.

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