• NYMEX/COMEX Distribution of 1099 Statements

      • To
      • Back Office Managers; BPS Users
      • From
      • CME Clearing
      • #
      • 10-05
      • Notice Date
      • 06 January 2010
      • Effective Date
      • 06 January 2010
    •        On Tuesday, January 19, 2010 the CME will distribute 1099 Statements to all member firms. Firms have four options listed below:
      1)     Pick up 1099 statements and firm copies at the Document Processing Center (DPC)
      2)     Pick up firm copies at the DPC and elect the DPC to mail the 1099 statements directly to each broker
      3)     Elect the DPC to mail firm copies to the firm’s back office and mail the 1099 statements to each broker
      4)     Elect DPC to mail firm copies and 1099 statements to the firm’s back office
      Please see the below for a more detailed description. If your firm does not have representation in Chicago the only two viable options are 3 and 4.
            The statements will be available for pickup at The DPC Customer Service  Window located on the 2ND floor South Tower of the CME Center at 20 S Wacker, Chicago IL, 60606  between the hours of 9:00 a.m. and 4:00 p.m.
            For security purposes we ask that each firm's Back Office Manager obtain an Officers signature to pre-register the individual who will be picking up the 1099 Statements. The attached form should be completed and faxed to the CME Clearing House by January 18, 2010. Additionally, we are requiring that individuals picking up 1099 Statements display their CME Group ID cards.

      For the full text of this advisory...