• CME Clearing Notice: Monday, March 3, 2014

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 14-096
      • Notice Date
      • 07 March 2014
      • Effective Date
      • 07 March 2014
    • Topics in this issue include:

            Critical System Updates

      ·         NEW: Additional Client Data in CGM and LSOC Submissions

            Deliveries

      ·         CME Group Delivery Dates for March 2014

      ·         2014 Approved List of Live Cattle Stockyards & Slaughter Plants

            Events & Announcements

      ·         1st Quarter 2014 Eligible Stocks Advisory (Data from October 1, 2013-December 31, 2013)

      ·         NEW: Listing Expansion for AUP Contract on Globex

      ·         NEW: Product Listing Schedule Delay-August 2015 Live Cattle Futures and Options

      ·         Guaranty Fund Asset Acceptance Changes

      ·         Contact Information

       

      Critical System Updates

      NEW: Additional Client Data in CGM and LSOC Submissions

      CME Clearing is requiring firms to begin providing certain additional client information in daily submissions of Customer Gross Margining (CGM) and LSOC Collateral Value Report (LSOC CVR) data files. This additional data, which like all client data is held in strict confidence, will be used for risk management purposes both in the normal course of business and in the event of a default. 

      Firms may begin including this data on April 1, 2014, and the data must be included by Monday, September 8, 2014.

      Additional details can be found here.

      Deliveries

      CME Group Delivery Dates for March 2014

      See the delivery dates for the March 2014 Chicago Mercantile Exchange Inc., Chicago Board

      of Trade, NYMEX, COMEX, and DME contracts.

      2014 Approved List of Live Cattle Stockyards & Slaughter Plants

      The attached Stockyards and Slaughter Plants have been approved for deliveries against the CME Group Live Cattle futures contract from February 1, 2014 through January 31, 2015. Delivery point information and contact numbers are listed for your reference.

      See the full advisory.

      If there are any questions, please contact the Deliveries Unit at (312) 930-3172.

      Events & Announcements

      1st Quarter 2014 Eligible Stocks Advisory (Data from October 1, 2013-December 31, 2013)

      Please view the advisory about this topic. The list of 1st Quarter 2014 Eligible Stocks can be found at this link.

      NEW: Listing Expansion for AUP Contract on Globex

      Effective Sunday, March 23, 2014 for trade date Monday, March 24, 2014, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange, Inc. (EXCHANGE) will expand the listing of contract months for the product listed below on CME Globex.

      Code
      Clearing/Globex

      Title

      Current Listing Schedule

      New Listing Schedule (as of March 24)

      AUP/AUP

      Aluminum MW U.S. Transaction Premium Platts (25MT) Futures

      6 consecutive months

      12 consecutive months

      NEW: Product Listing Schedule Delay-August 2015 Live Cattle Futures and Options

      Effective Sunday, March 16, 2014 for trade date Monday, March 17, 2014, and pending all relevant CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (CME or Exchange) will delay the listing of the August 2015 contract month for the products listed below.

      The initial listing of the August contract month, which is normally scheduled to be listed for trading on the on CME Globex, Open Outcry and available for submission for clearing on CME ClearPort for the trade date of Monday, March 3, 2014, will be delayed until the trade date of Monday, March 17, 2014 

      Code
      Clearing/Globex

      Title

      August Contract Listing Schedule

      LC / LE

      LIVE CATTLE FUTURES

      Monday, March 17, 2014 

      LC / LE

      LIVE CATTLE OPTIONS Long dated

      Monday, March 17, 2014 

      Guaranty Fund Asset Acceptance Changes

      CME currently administers three different guaranty funds for IRS, CDS, and “Base” products. In conjunction with the new CFTC Regulation 39.33, CME plans to amend the types of collateral eligible to meet guaranty fund requirements in an effort to align composition with the CFTC’s definition of qualifying liquidity resources.

      Pending regulatory review, effective April 1, 2014, the following asset types will be acceptable collateral for any CME Clearing guaranty fund. 

      Acceptable Guaranty Fund Collateral

      • USD cash
      • U.S. Treasury Bills/Notes/Bonds *

      * (Time to maturity not to exceed 10 years)

      For more information, please contact CME Clearing Financial Unit at 312-207-2594 or CME Clearing Risk Unit at 312-648-3888.

      Contact Information

      CME Group Contacts

      cmegroup.com Inquiries

      Customer Service

      (800) 331-3332

      General Information

      Products & Services

      (312) 930-8213

      Clearing House

      (312) 207-2525

      CME Globex Information

      CME Global Command Center

       

      Global Account Management

      U.S.

      (800) 438-8616

      Europe

      +0800 898 013

      Asia

      +65 6532 5010

      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