NYMEX and CME Clearing Customer Q & A September 2008

What changes for my clearing firm?

Right now, very little. Operationally, all firm facing policies and procedures will remain exactly as they are today, including all clearing deadlines and schedules.

Will NYMEX Clearing and CME Clearing Merge?

Effective Monday, August 25th, 2008, CME Clearing has been the legal central counterparty to all CME, CBOT and NYMEX markets.  We expect CME and NYMEX clearing systems to be fully integrated by Q3 2009. CME Clearing will share information with you on a periodic basis in preparation for a smooth transition.

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