Chadv13-374 - CME Group

CME Clearing Notice: Monday, August 12, 2013

- To
- Clearing Member Firms; Back Office Managers
- From
- CME Clearing
- #
- 13-374
- Notice Date
- 15 August 2013
- Effective Date
- 12 August 2013

Topics in this issue include:

Critical System Updates

· REMINDER - CME Portal Changes-Effective August 17, 2013

· CME SPAN File Update: Discontinuation of the “No Mod” Version of the SPAN File

· Productions Changes to Price Quality Auction

· Gold Forwards in New Settlement Price File(s) Beginning August 12, 2013

Deliveries

· CME Group Delivery Dates for August 2013

· Deliveries Plus- Live Cattle Migration for August 2013 Contract Month

· Live Cattle Grading Capacity Limits

· Deliveries Plus - Live Cattle Migration Update

· 2013 Live Cattle Stockyard and Slaughter Plants

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

Events & Announcements

· New Aussie Dollar Wheat Swap Contracts

· Product Listing Schedule Expansion- Effective Sunday, August 25, 2013

· Product Listing Schedule Expansion- Effective Sunday, August 11, 2013

· NEW: Delisting 4 Pine Energy Center (PPEC) Natural Gas Contracts

· NEW: Consolidate Power Slate: Phase 1B-Amend Products

· NEW: ‘Sunset’ NYMEX Biodiesel Contracts

· NEW: Iron Ore Listing Extension on Globex

· NEW: Delist Non-RED Biofuels from NYMEX

· NEW: Name Amendment and Aggregation for Power Contracts

· NEW: Account Reconciliation Files Available on FTP Server

· Contact Information

Critical System Updates

REMINDER - CME Portal Changes-Effective August 17, 2013

Please note that effective Saturday, August 17, 2013, CME Portal users who currently access the Portal via the website http://connect.cme.com, must switch their access to the http://connect.cmegroup.com. Currently, users are able to access the CME Portal via the legacy site: “connect.cme.com” or the new site: “connect.cmegroup.com”. When using the legacy site, users are directed to the new site, which enables access to the Portal. With this change, the legacy site “connect.cme.com” will be decommissioned and users will not be directed to CME Portal.

Similarly, the same changes will be applied to the Portal Testing site https://connectcert.cme.com. Starting this Saturday, users must switch their access to https://connectcert.cmegroup.com.

To maintain your access to the Portal, all users have to switch their access to http://connect.cmegroup.com. There are no authorization or access changes to switch access. For issues or concerns, please contact the CME Help Desk at 312.930.3444.

CME SPAN File Update: Discontinuation of the “No Mod” Version of the SPAN File

Please be advised of the following changes regarding publishing of the CME SPAN files.

For approximately one year, CME has published two versions of its daily SPAN risk parameter files. The main version supports the calculation of margin requirements for certain option products using the modified split allocation feature of SPAN. The alternate version, referred to as the “no mod” file, omits the parameters that drive the modified split allocation calculation.

Effective Monday, September 23, 2013, CME Clearing will discontinue publishing the “no mod” file – the version that does not support the modified split allocation margining feature. The “no mod” files are located at: ftp.cmegroup.com/span/data/cme/nomod

Any customers that are currently utilizing the SPAN file located in the nomod directory will need to migrate to the SPAN file published in the primary directory, ftp.cmegroup.com/span/data/cme, by Monday, September 23^rd.

For more information about the modified-split allocation feature of SPAN and the margin efficiencies it provides, please see Clearing Advisory 12-259, published June 22, 2012.

For any questions or concerns, please contact CME Clearing at 312.648.3888.

Productions Changes to Price Quality Auction

Please be advised CME will be making changes to the Price Quality Auction (PQA) in the Production Environment. These changes will take place over the weekend with an effective date of Monday, August 12, 2013. The changes are as follows:

1. Counterparty information will no longer appear on Matched Trade Reports - CME currently publishes a Matched Trade Report (filename: FXXX_MatchedTrades_yyyymmdd.csv) in Production that includes counterparty identification as part of the trade information. Starting August 12, the report will not include counterparty information.

2. Reduction in number of preliminary runs - CME currently provides preliminary test runs at 3 PM, 3:30PM, and 4:00PM ET prior to the final PQA run at 4:35 PM ET. Starting August 12, CME will no longer hold runs at 3:00PM and 3:30 PM, and instead host a single preliminary run at 4 PM ET before the final run at 4:35 PM ET.

Please contact the OTC Valuations team at: OTCValuations@cmegroup.com with any questions.

Gold Forwards in New Settlement Price File(s) Beginning August 12, 2013

On the afternoon of trade date Monday, August 12, 2013, metals forwards settlement price data for COMEX Gold and Cash-Settled Gold Forwards (GB and GBC) will be moved from the current COMEX settlement price files to their own separate forwards files.

COMEX forwards data will move:

· from comex.settle.YYYYMMDD.s.txt (and .txt.zip) to comex.settle.fwd.YYYYMMDD.s.txt (and .txt.zip)

· from comex.settle.YYYYMMDD.s.xml (and .xml.zip) to comex.settle.fwd.YYYYMMDD.s.xml (and .xml.zip)

For questions or further information please contact CME Clearing Services (CCS) at 312.207.2525 or ccs@cmegroup.com.

Deliveries

CME Group Delivery Dates for August 2013

Listed in the linked advisory notice are the relevant delivery dates for August 2013 Chicago Mercantile Exchange Inc., Chicago Board of Trade, NYMEX/COMEX and DME contracts.

Deliveries Plus- Live Cattle Migration for August 2013 Contract Month

Please be advised the migration of the live cattle application to Deliveries Plus has been delayed. For the August 2013 live cattle contract, clearing firms should use the existing live cattle application.

Clearing firms may still test the new live cattle application in the New Release environment. The migration of Live Cattle to Deliveries Plus offers new and improved features to clearing member firms. Some of the features include:

· Ability to manage delivery scheduling through the Delivery Schedules feature in Deliveries Plus.

· Email confirmations for actions completed throughout the delivery process.

· Improved firm management functionality for feedlots.

If a firm needs to access to the New Release environment, please complete the access request form http://www.cmegroup.com/clearing/files/onlineaccess.pdf and fax to Firm Support 312.604.9450.

If there are any questions, please contact Deliveries at 312.930.3172 or email clearinghousedelivteam@cmegroup.com .

Live Cattle Grading Capacity Limits

Please be advised in coordination with the USDA and CME approved stockyards, the following live cattle grading capacity limits at stockyards are in effect beginning with the August 2013 live cattle delivery cycle. The capacity limits at the stockyards have been instituted to ensure stockyards have the wherewithal to grade cattle on eligible delivery days and a USDA grader is available for grading the cattle. The capacity limits are not static and are subject to change based on changes such as stockyard wherewithal or USDA grader availability.

Delivery Point	Maximum Facility Capacity
Amarillo, TX	40
Clovis, NM	15
Columbus, NE	15
Dodge City, KS	40
Norfolk, NE	30
North Platte, NE	20
Ogallala, NE	25
Pratt, KS	10
Syracuse, KS	25
Texhoma, OK	30
Tulia, TX	20
Worthing, SD	60
Wray, CO	10

Selling clearing firms are also reminded per Rule 10104.A. when submitting an intent to deliver a seller must contact the delivery point stockyard and ensure the facility can accommodate a live-graded delivery on the sixth business day following the day of tender/intent (fourth business day following the day of tender if tender/intent is on or after the last trading day.

Selling clearing firms must provide to the Exchange the name and number of the person authorizing delivery at the stockyard when submitting an intent to deliver.

Please refer further questions on this subject to:

Clearing House

Deliveries clearinghousedelivteam@cmegroup.com 312.930.3172

Research and Product Development

Jack Cook jack.cook@cmegroup.com 312.930.3295

Market Regulation

Bill Lange william.lange@cmegroup.com 312.341.7757

Deliveries Plus - Live Cattle Migration Update

The migration of the live cattle application to Deliveries Plus has been delayed. For the June 2013 live cattle contract, clearing firms should use the existing live cattle application. Beginning with the August 2013 live cattle contract month, firm may use the live cattle functionality in Deliveries Plus.

· Ability to manage delivery scheduling through the Delivery Schedules feature in Deliveries Plus.

· Email confirmations for actions completed throughout the delivery process.

· Improved firm management functionality for feedlots.

If a firm needs to access to the New Release environment, please complete the access request form http://www.cmegroup.com/clearing/files/onlineaccess.pdf and fax to Firm Support 312.604.9450.

If there are any questions, please contact Deliveries at 312.930.3172 or email clearinghousedelivteam@cmegroup.com .

2013 Live Cattle Stockyard and Slaughter Plants

The listed Stockyards and Slaughter Plants at this link have been approved for deliveries against the CME Group Live Cattle futures contract from February 1, 2013 through January 31, 2014. Delivery point information and contact numbers are listed for your reference.

If there are any questions, please contact the Deliveries Unit at 312.930.3172.

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

Please be advised the Union Registry will be closed August 27^th – August 29^th, 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

Events & Announcements

New Aussie Dollar Wheat Swap Contracts

Pending all relevant regulatory review periods, on Monday, August 12, 2013, CME will begin clearing wheat swap contracts denominated in Australian Dollars (AUD). There are two such contracts:

· CAW – AUD Chicago Soft Red Winter Wheat Swap

· KAW – AUD Kansas City Hard Red Winter Wheat Swap

Note also that CME does not have “4d” orders from the CFTC for the new contracts which would allow customer positions in them to be held in futures segregation. Hence customer positions in these new contracts must be held in the Customer Cleared Swaps (“COTC”) origin, and are subject to LSOC.

Please contact CME Clearing at 312.207.2525 for more information.

Product Listing Schedule Expansion- Effective Sunday, August 25, 2013

Effective Sunday, August 25^th for trade date Monday, August 26th and pending all relevant CFTC regulatory review periods, please be advised that the CME Group, Inc. will expand the listing of contract months for the products listed at this linkon CME Globex, Open Outcry, and available for submission for clearing on CME ClearPort.

Product Listing Schedule Expansion- Effective Sunday, August 11, 2013

Effective Sunday, August 11^th for trade date Monday, August 12th and pending all relevant CFTC regulatory review periods, please be advised that the CME Group, Inc. will expand the listing of contract months for the products listed at this linkon CME Globex, Open Outcry, and available for submission for clearing on CME ClearPort.

NEW: Delisting 4 Pine Energy Center (PPEC) Natural Gas Contracts

Effective August 19, 2013, The New York Mercantile Exchange, Inc. (NYMEX or Exchange) delisted the Freight products listed in the attached advisory notice from CME Globex, CME ClearPort and the EXCHANGE NAME trading floor.

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv13-363.pdf

NEW: Consolidate Power Slate: Phase 1B-Amend Products

On Monday August 26^th, 2013 the size and names for the Power Contracts listed in the attached advisory notice will be modified. All other product specifications and attributes including trading minimum tick will remain unchanged. J01-J31 is only a name change.

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv13-368.pdf

NEW: ‘Sunset’ NYMEX Biodiesel Contracts

Effective Monday, August 26, 2013, The New York Mercantile Exchange, Inc. (NYMEX or Exchange) removed all contract months after the December 2013 contract from CME Globex, CME ClearPort and the NYMEX trading floor for the products listed in the attached advisory notice.

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv13-366.pdf

NEW: Iron Ore Listing Extension on Globex

Effective Sunday, August 25, 2013 for trade date Monday, August 26, 2013, and pending all relevant CFTC regulatory review periods, please be advised that The New York Mercantile Exchange, Inc. (NYMEX or EXCHANGE) will expand the listing of contract months for the product listed in the attached advisory notice on CME Globex.

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv13-365.pdf

NEW: Delist Non-RED Biofuels from NYMEX

Effective August 12, 2013, the New York Mercantile Exchange, Inc. (NYMEX) delisted the products listed in the attached advisory notice from CME Globex, CME ClearPort and the NYMEX trading floor.

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv13-364.pdf

NEW: Name Amendment and Aggregation for Power Contracts

On Monday August 26th, 2013 the legal names for the following products will be updated. All other product specifications will remain unchanged.

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv13-372.pdf

NEW: Account Reconciliation Files Available on FTP Server

To provide additional transparency to Clearing Member Firms as to the status of their OTC trading account setups, CME Clearing will produce and post Account Reconciliation Files to each Clearing Member Firm’s secure FTP site effective immediately.

http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv13-371.pdf

Contact Information

CME Group Contacts
cmegroup.com Inquiries	Customer Service	(800) 331-3332
General Information	Products & Services	(312) 930-8213
General Information	Clearing House	(312) 207-2525
CME Globex Information	CME Global Command Center	(312) 456-2391
Global Account Management	U.S.	(312) 634-8700
	Europe	44 203 379 3754
	Asia	65 6593 5574
Performance Bond Information	Risk Management Dept.	(312) 648-3888
Position Limits	Market Regulation	(312) 341-7970
Clearing Fees	Clearing Fee Hotline	(312) 648-5470
Risk Management	Risk Management Hotline	(312) 634-3888
Collateral	Financial Unit Hotline	(312) 207-2594
Deliveries	Deliveries Unit	(312) 930-3172
Clearing Customer Service		(312) 207-2525

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