• CME Clearing Notice: Monday, November 11, 2013

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      • Clearing Member Firms
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      • CME Clearing
      • #
      • 13-530
      • Notice Date
      • 15 November 2013
      • Effective Date
      • 15 November 2013
    • Topics in this issue include:
      *      Deliveries
      ·         Contact Information
      Please be advised that CME Clearing has successfully deployed the following enhancements to the New Release environment on Wednesday, November 6.
      Support for MXN-denominated fixed vs. float IRS. New Discount Factor files and Forward Curves will be made available.
      ·          RSDFR_ TIEE_yyyymmdd.csv
      ·          IRS_MXN_CURVE_yyyymmdd.csv
      ·          Updated IRS_SGD_CURVE_yyyymmdd.csv
      ·       Addition of Credit Limit Utilization on all Cleared Confirmation messages.
      ·       Support for the Melbourne holiday calendar for all IRS products.
      ·          New fields added to the end of the Trade Register in support of the following:
      ·       SEF related attributes
      ·       Different First Fixing
      ·       FRA Fixing Date
      Please contact the CME Client Services Team at onboarding@cmegroup.com or 312.338.7712 with any questions/concerns.
      A new field called SideExecID is being added to FIXML Trade Capture Report cleared trade confirmation messages in support of OTC bunched order processing. Initially this will only affect CDS and OTC FX messaging.
      SideExecID will be present on trade confirmation messages resulting from allocations which offset the original block trade. SideExecID carries the original block trade id as assigned by ClearPort and allows the offsetting allocations to be tied back to the initiating block trade. 
      Please note that this functionality has been available in Production since mid-year.
      The following page contains a sample of the RptSide element to which the SideExecID attribute will be added:
      For questions or further information, please contact CME Client Services at 312.338.7112 or onboarding@cmegroup.com.
      See the full text of this advisory here.
      Listed in the linked advisory notice are the relevant delivery dates for the November 2013 Chicago Mercantile Exchange Inc., Chicago Board of Trade, NYMEX, COMEX, and DME contracts.
      The listed Stockyards and Slaughter Plantsat this linkhave 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.
      Effective Sunday, December 8, 2013 for trade date Monday, December 9, 2013, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange, Inc. (EXCHANGE) will amend the last trading day for the following products currently listed on CME Globex, Open Outcry and available for submission for clearing on CME ClearPort.  
      The New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) has been advised that ICE Futures Europe has confirmed changes to the specifications of its Brent crude oil futures contract. The most impactful change establishes a month-ahead expiry calendar for the futures contract. Since NYMEX references to the ICE contract for settling NYMEX Brent crude oil futures and options, NYMEX will make conforming amendments to all related NYMEX contracts listed on its markets, with effect from Friday, December 6, 2013 (all payments will be processed on Monday December 9 2013).
      Amendments to NYMEX contract specifications vary depending on the particular NYMEX Brent contract. Amendments may include a revision of the contract’s last trading day, a revision of the nature of the underlying reference price, or both. These amendments will likely result in a change to the valuation of each position. Pursuant to criteria outlined below, the Exchange intends to determine the impact on contract valuation on Friday, December 6, 2013. Holders of long and short positions will be required to make or take additional payments in order to neutralize the economic impact of the contract amendments. These additional payments will be processed on Monday, December 9, 2013
      Set out in the attached advisory notice are contract amendments on a product by product basis.
      Subject to regulatory review and approval and with consideration to any governmental shutdown, effective for start of business Monday, December 9, 2013, the Kansas City Hard Red Winter Wheat contract will have their DCM (Designated Contract Market) converted from Kansas City Board of Trade (KCB) to Chicago Board of Trade (CBT). Therefore, they will cease being products of the Kansas City Board of Trade, and begin being products of the Chicago Board of Trade. The affected products are:
      ·         KW – KC Hard Red Winter Wheat Futures
      ·         KW – KC Hard Red Winter Wheat Options on Futures
      ·         KWO – KC Hard Red Winter Wheat Short-Dated New Crop Options
      ·         OK1 through OK5 – KC Hard Red Winter Wheat Weekly Options
      ·         KWS – KC Hard Red Winter Wheat Swaps
      ·         MKW – MGEX-KC Wheat Inter-market spread Options
      ·         KAW – AUD Hard Red Winter Wheat Swaps
      See the full text of this advisory here.
      CME Group Contacts
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      Financial Unit Hotline
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      Deliveries Unit
      (312) 930-3172
      Clearing Customer Service
      (312) 207-2525