• CME Clearing Notice: Monday, January 6, 2014

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 14-011
      • Notice Date
      • 10 January 2014
      • Effective Date
      • 10 January 2014
    • Topics in this issue include:
      *      Deliveries
      ·         Contact Information
      For trades dated February 10, 2014 and going forward, all CME US Clearing real-time trade confirmation and allocation messages will carry a Regulatory Trade ID block containing a Unique Trade Identifier (UTI), supplying European Union (EU) clients with a key data element under EMIR (European Market Infrastructure Regulation) regulatory reporting. This is the same block and attribute currently used for the Unique Swap Identifier (USI), which is on some CME Clearing FIXML confirmation messages and used in connection with Dodd-Frank regulatory reporting.
      To assist in complying with EMIR reporting, CME is offering a delegated reporting-on-behalf-of (ROBO) service to all EU customers of CME Clearing US and CME US exchanges. For more information on the CME ROBO service, please contact us at 312-338-7112 or onboarding@cmegroup.com.
      Testing will be available in the New Release environment, beginning January 16, 2014.
      For other questions or further information, please contact CME Clearing Services (CCS) at 312-207-2525 or ccs@cmegroup.com.
      For the full text of this advisory, please click here.
      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.
      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.
      Effective February 3, 2014, the processing and reporting of long dates for CME deliverable products will change. Firms holding long positions in Live Cattle or Lumber contracts will have a new requirement to begin reporting longs dates on the first intent date of the contracts. In addition, Deliveries Plus will be made available two business days prior to the first intent date to allow firms the ability to add their long dates earlier. Firms submitting long dates during this optional two day period may submit long dates until 8:00 pm CST. Beginning on the first intent date through the last intent date of the given contracts, long dates must be added or updated by 12:00 pm CST for Lumber and 5:00 pm CST for Live Cattle. At this link is the February 2014 Live Cattle and March 2014 Lumber schedule.
      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 26, 2014 for trade date Monday, January 27, 2014, 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 product listed below on CME Globex and available for submission for clearing on CME ClearPort. For the full text of this advisory, please click here.
      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.
      Beginning 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 Contacts
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      Deliveries Unit
      (312) 930-3172
      Clearing Customer Service
      (312) 207-2525