IMPORTANT: Further Continuation of Force Majeure and Suspension of Trading and Clearing with Respect to Daily European Union Allowance (EUA) Futures (code EUL) Contract

Please be advised that, further to Clearing House Advisory Notices 11-21 and 11-33, CME Group and the Green Exchange have determined to continue the halt of the listing of new contract days for the Green Exchange’s Daily European Allowance (EUA) Futures (code EUL) contract until further notice.  In addition, the Force Majeure event with respect to delivery for the January 19, 2011 contract day, declared by NYMEX, is still in effect until further notice.

The EU Commission issued a statement on February 2, 2011 stating that the registries of France, Germany, the Netherlands, Slovakia and the UK (which is the standard delivery facility for the Daily European Union Allowance (EUA) Futures (code EUL) contract) will resume normal operations on Friday 0700 GMT. http://ec.europa.eu/clima/news/index_en.htm.  However, a complete list of serial numbers of the EUAs that are alleged to have been unlawfully transferred is currently not available.

These actions do not affect trading in any other futures or option contracts listed on the Green Exchange. 

Please refer questions on this subject to:

Clearing House/Risk Management:

Brian Sayers                            brian.sayers@cmegroup.com                          312.634.8887

Energy Research & Product Development:

Brad Leach                              bradford.leach@cmegroup.com                       212.299.2609

Market Regulation:

Glenn Hofferber                      glenn.hofferber@cmegroup.com                       212.299.2884

For the full text of the advisory, please click here

11-46