• BPS IRS 1099 Notification #3

      • To
      • Clearing Member Firms; BPS Users
      • From
      • CME Clearing
      • #
      • 10-488
      • Notice Date
      • 07 December 2010
      • Effective Date
      • 07 December 2010
    • AS A REMINDER, NOVEMBER 30, 2010 MARKS THE END OF THE 2010 TAX YEAR FOR BROKERAGE. 
      This memo covers the entire 1099 process, including:
       
      ·         Year End Reports
      ·         Tax Adjustment Period
      ·         Backup Withholding
      ·         Firm 1099 Statements
      ·         BPS 1099 Processing Schedule
       
      YEAR-END REPORTS
       
      Preliminary CME and CBT 1099 Reports will be available on MRS (Member Reporting System) on December 13th as a report named “Prelim Broker’s Yearly Banking Summary” which will reflect initial adjustments made by December 10, 2010. NYMEX and COMEX 1099 Reports will be available for pickup at the trading floor’s master pulpit. In BPS, firms can run the Tax Billing Group Details report to verify their tax details.
       
      Final CME and CBT 1099 Reports will be available on MRS on Monday January 3rd as “Final Broker’s Yearly Banking Summary”. NYMEX and COMEX 1099 Reports will be available for pickup at the trading floor’s master pulpit.

      For the full text of this advisory...

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2025 CME Group Inc. All rights reserved.