CME Clearing Notice: Monday, January 20, 2014

 

 

Listed at this link are the relevant delivery dates for February 2014 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 Standard Freight Rate is used in carcass graded deliveries of Live Cattle to compensate the seller when the buyer requests delivery at a packing plant that is farther from the feedyard than the delivery point stockyards. In accordance with Live Cattle Rule 10103.C.8., this rate is set annually by the Exchange. 

Based on results from a survey of livestock trucking firms, the Standard Freight Rate for carcass graded deliveries will be $4.40 per mile per contract for all 2014 Live Cattle futures contracts. This change will become effective on February 1, 2014.

The Union Registry will be closed Wednesday, January 29, 2014 (please see the following link for details: http://ec.europa.eu/clima/news/articles/news_2013122002_en.htm). As a result, the Daily European Union Allowance (EUA) futures for contract days Monday, January 27, 2014 and Tuesday, January 28, 2014 will be delisted. 

The January In Delivery Month European Union Allowance (EUA) (commodity code 6T) and Certified Emission Reduction Plus (commodity code CPL) monthly contracts will have an abbreviated delivery schedule to accommodate the Union Registry closure, with delivery occurring on Tuesday, January 28, 2014.  

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 CME Group Clearing House Deliveries at 312-930-3172 or clearinghousedelivteam@cmegroup.com.

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.

See 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 January 20, 2014, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) delisted the below listed products from CME ClearPort and the NYMEX trading floor.

There is currently no open interest in these products.

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 products listed at this link on CME Globex and on the trading floor.

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 Chicago Mercantile Exchange, Inc. (CME or EXCHANGE) will expand the listing of strike prices for the options on futures products listed at this link.

CME Clearing is pleased to announce the acceptance of US Treasury Floating Rate Notes (FRNs) for Performance Bond and Guaranty Fund requirements. The US Treasury announced that starting January 2014 it will start auctioning Floating Rate Notes. FRNs will be acceptable under the CME Clearing acceptable collateral policy. FRNs will be treated like the US Treasury Note under category 1 assets.

For any questions, please contact the Risk Management department at 312-648-3888 or the Financial Management group at 312-207-2594

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. See the full text of this advisory.

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”.

See the full advisory.