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Clearing Notice: Monday, December 30, 2013
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- To
- Clearing Member Firms; Back Office Managers
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- From
- CME Clearing
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- #
- 14-002
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- Notice Date
- 03 January 2014
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- Effective Date
- 03 January 2014
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Topics in this issue include:Please note that CME Clearing has made the following update to the Account Reconciliation Reports effective immediately –Addition of Holding Account Flag – CME Clearing has added a new column to the report entitled “Holding Account”, which indicates whether a particular account is a holding (aka bunched order) account or not. If this column is set to “Y”, then the account is a holding account. If “N”, then the account is not a holding account. Please note that whether an account is a holding account or not is configurable by RAV Admins within CME Account (RAV) Manager.Please see the original advisory notice and updated file specification on page 3 of the advisory notice at this link.DeliveriesListed in the linked advisory notice are the relevant delivery dates for the December 2013 Chicago Mercantile Exchange Inc., Chicago Board of Trade, NYMEX, COMEX, and DME contracts.Listed in the linked advisory notice are the relevant delivery dates for the December 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, January 5, 2014 for trade date Monday, January 6, 2014 and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange, Inc. (“EXCHANGE”) will amend the minimum price increment for the below listed products from 0.001 to 0.0001(DPL 3 to 4). The product names will be changed and they will be made tradable as they are currently non-tradable synthetic futures as option underliers.Code Clearing / GlobexOld Product NameNew Product NameOld min tick(DPL)New min tick(DPL)XO/XOChicago City Gate PipeChicago Natural Gas (Platts IFERC) Fixed Price Futures0.001(3)0.0001(4)XQ/XQPGE CityGate PipePG&E Citygate Natural Gas (Platts IFERC) Fixed Price Futures0.001(3)0.0001(4)Effective Sunday, December 29, 2013 for trade date Monday, December 30, 2013, and pending all relevant CFTC regulatory review periods, please be advised that the CME, Inc. (CME or EXCHANGE) will expand the listing of contract months for the products listed at this link on CME Globex, and Open Outcry.On Thursday, January 16, 2014 the CME will distribute 1099 Statements to all member firms. Firms have the option to pick the statements up or have the CME Group Document Processing Center mail these on their behalf.PICKING YOUR 2013 1099 STATEMENTS UP:The statements will be available for pickup at The DPC Customer Service Window located on the 2ND floor South Tower of the CME Center at 20 S Wacker, Chicago IL, 60606 between the hours of 9:00 a.m. and 4:00 p.m.For security purposes we ask that each firm's Back Office Manager obtain an Officers signature to pre-register the individual who will be picking up the 1099 Statements. The attached form should be completed and faxed to the CME Clearing House by January 16, 2014. Additionally, we are requiring that individuals picking up 1099 Statements display their CME Group ID cards.In conjunction with regular review of market volatility to ensure adequate collateral coverage, please find the current acceptable collateral and haircuts for CME Clearing below. Effective January 6th RTH, off the run haircuts will no longer be applicable. Please note that the changes column found below indicates any near term changes to collateral and haircuts. Please see CME Clearing website for more details.http://www.cmegroup.com/clearing/financial-and-collateral-management/Should you have any questions, please contact the Risk Management department at 312-648-3888 or the Financial Management group at 312-207-2594.This advisory is to notify Members and European Union domiciled clients that CME Inc. (“CME”) will provide a service to aid in EMIR reporting compliance.CME operates a London based registered Trade Repository, CME Trade Repository Limited. As such, and using existing infrastructure to collect and submit data, CME will be acting in a delegated service provider capacity to offer a Reporting-on-Behalf-of service (“ROBO”) Service for EU clients trading US markets cleared at CME’s US Clearing House.NEW: Expiration Rule Revision for the Mini Argus Propane (Saudi Aramco) FuturesBeginning with the February 2014 contract, the New York Mercantile Exchange is revising the expiration rule for the Mini Argus Propane (Saudi Aramco) Futures (Clearing/Globex Code MAS), from "the last business day of the contract month" to "the last business day of the month prior to the contract month". The new termination schedule will be the same as the big contract, Argus Propane (Saudi Aramco) Futures (9N), after revision.In addition, the New York Mercantile Exchange is revising the expiration rule for the Argus Propane (Saudi Aramco) Futures (Clearing/Globex Code 9N), from “the last business day of the month prior to the contract month” to “the last business day of the month prior to the contract month. Business days are based on the Singapore Public Holiday calendar”.CME Group Contactscmegroup.com InquiriesCustomer Service(800) 331-3332General InformationProducts & Services(312) 930-8213Clearing House(312) 207-2525CME Globex InformationCME Global Command Center(312) 456-2391Global Account ManagementU.S.(312) 634-8700Europe44 203 379 3754Asia65 6593 5574Performance Bond InformationRisk Management Dept.(312) 648-3888Position LimitsMarket Regulation(312) 341-7970Clearing FeesClearing Fee Hotline(312) 648-5470Risk ManagementRisk Management Hotline(312) 634-3888CollateralFinancial Unit Hotline(312) 207-2594DeliveriesDeliveries Unit(312) 930-3172Clearing Customer Service(312) 207-2525
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