• Kansas City Board of Trade (KCB) Delivery Integration Plan Update and Processing Timeline

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 13-285
      • Notice Date
      • 20 June 2013
      • Effective Date
      • 20 June 2013
    • Please be advised the KCB Hard Red Winter Wheat (KW) delivery process is now fully integrated in Deliveries Plus. Beginning with the July 2013 Hard Red Winter Wheat (KW) contract, clearing firms may use Deliveries Plus to manage the delivery process for HRW Wheat deliveries.  The functionality in Deliveries Plus includes:
      ·        Wheat registration
      ·        Long date reporting
      ·        Intent Submission
      ·        Assignment Processing
      ·        Reports
      ·        Invoicing
      As part of the integration, paper wheat receipts will be converted into electronic receipts through E-Grain. Any firm anticipating delivery in the July 2013 contract month must convert the paper receipts to electronic. Beginning June 3, 2013, clearing firms holding paper receipts can submit original receipts to the Kansas City Board of Trade Office located at 4800 Main Street, Suite 303, Kansas City, MO 64112 for conversion. The paper receipts will be cancelled and a new electronic receipt will be provided.  For further information on the conversion of receipts process please refer to the following Special Executive report dated April 15, 2013:
      In addition, firms submitting long dates via the long date file will be able to submit KCB Hard Red Winter Wheat long dates under exchange CBT on the file. The file will be processed and long dates will be stored under the KCB product exchange.

      For the full text of this advisory...