• Union Registry Closure August 27-August 29, 2013, London Banking Holiday, & Delisting of Daily EUA Contracts

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 13-362
      • Notice Date
      • 13 August 2013
      • Effective Date
      • 27 August 2013
    • Please be advised the Union Registry will be closed August 27th – August 29th, 2013 (please see the following link for details: http://ec.europa.eu/clima/news/articles/news_2013080501_en.htm). In addition, there is a London banking holiday, on Monday August 26, 2013. Due to the banking holiday, any deliveries resulting from trading on August 22, 2013 would have a delivery date of Tuesday, August 27, 2013. As a result, the Daily European Union Allowance (EUA) futures for contract days Thursday, August 22, 2013 through Wednesday, August 28, 2013 will be delisted.
       
      There is no impact to the August 2013 In Delivery Month European Union Allowance (EUA) (commodity code 6T), Emission Reduction Unit ERU (commodity code REU), and Certified Emission Reduction Plus (commodity code CPL) contracts, the regular delivery timeline will apply (please see the following advisory for the monthly contract timelines: http://www.cmegroup.com/tools-information/lookups/advisories/clearing/Chadv13-334.html).
       
      As a reminder, any firm going through delivery on European Union Emission contracts needs to have a trading account at the Union Registry and have the account trusted with CME Group’s account. Please alert Clearing House Deliveries at least 10 business days prior to delivery after setting up a new trading account as the Union Registry requires a holding period of 7 business days before accounts become trusted. Please contact Clearing House Deliveries if you plan to go through delivery on these contracts and do not meet the above criteria.
       
      For questions on the above please contact the Clearing House Deliveries at 312-930-3172 or clearinghousedelivteam@cmegroup.com

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