NOTICE #: 14-139

SUBJECT: CME Clearing Notice: Monday, March 31, 2014

Topics in this issue include:

      Critical System Updates

·         FECPlus Migration Phase 2: Electronic Trade Management (ETM)

·         "Credit Approval Token" Attribute Will be Added to Some FIXML Trade Capture Reports Effective April 14, 2013

·         EREP and MRS Production Login Changes

·         Additional Client Data in CGM and LSOC Submissions

      Deliveries

·         CME Group Delivery Dates for April 2014

·         Euro-Denominated Deliverable Interest Rate Swap Futures Testing and Delivery Intent Template Requirements

·         2014 Approved List of Live Cattle Stockyards & Slaughter Plants

      Events & Announcements

·         NEW: HOLIDAY SCHEDULE- Good Friday, April 18, 2014

·         NEW: New IEF 4 Provider

·         NEW: Product Modification Summary- Floating Price Reference and Name Change (Clearing Codes 3C and 2C)

·         Guaranty Fund Asset Acceptance Changes

·         Review of Collateral Haircuts Advisory

·         OTC Holiday Advisory- Good Friday

·         Contact Information

CME Group Delivery Dates for April 2014

Listed at this link are the relevant delivery dates for the April 2014 Chicago Mercantile Exchange Inc., Chicago Board
of Trade, NYMEX, COMEX, and DME contracts.

Euro-Denominated Deliverable Interest Rate Swap Futures Testing and Delivery Intent Template Requirements

Please be advised that for the new Euro-denominated Deliverable Swap Futures (http://www.cmegroup.com/trading/interest-rates/deliverable-interest-rate-swap-futures.html), delivery testing is now available for the June 2014 contracts in the New Release environment. FCMs wishing to test should contact CME Clearing Deliveries to coordinate at 312-930-3172 or clearinghousedelivteam@cmegroup.com. For further details, please click here.

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.

NEW: HOLIDAY SCHEDULE- Good Friday, April 18, 2014

Please click here for the holiday processing schedule for Friday, April 18, 2014 in observance of Good Friday.

NEW: New IEF 4 Provider

CME Clearing is pleased to announce the addition of Brown Brothers Harriman & Co. as a new IEF 4 provider for CME. CME Clearing accepts corporate bonds through the IEF 4 program. Please visit CME's Financial and Collateral Management page for more details on the IEF 4 program. For any questions related to the IEF 4 program, please contact Peter Stamas at 212-299-2126 or peter.stamas@cmegroup.com .

NEW: Product Modification Summary- Floating Price Reference and Name Change (Clearing Codes 3C and 2C)

Effective starting with the March 2014 contract month, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (EXCHANGE) will change the Floating Price reference and the names of the products listed below on CME Globex, Open Outcry and available for submission for clearing on CME ClearPort. These rule amendments will become effective Sunday, March 30, 2014, for trade date Monday, March 31, 2014.

Clearing/Globex code:  3C/A3C

Current Product name: Chicago Unleaded Gasoline (Platts) vs. RBOB Gasoline Futures

New Product name: Chicago CBOB Gasoline (Platts) vs. RBOB Gasoline Futures

Current Floating Price: The Floating Price for each contract month is equal to the arithmetic average of Platts Chicago Unleaded 87 Gasoline mean minus the NYMEX RBOB Gasoline Futures first nearby contract month settlement price for each business day that both prices are determined during the contract month.  For purposes of determining the Floating Price, the Platts Chicago Unleaded 87 Gasoline mean will be rounded each day to the nearest thousandth of a cent.

New Floating Price: The Floating Price for each contract month is equal to the arithmetic average of Platts Chicago CBOB Gasoline mean minus the NYMEX RBOB Gasoline Futures first nearby contract month settlement price for each business day that both prices are determined during the contract month.  For purposes of determining the Floating Price, the Platts Chicago CBOB Gasoline mean will be rounded each day to the nearest thousandth of a cent.

Clearing/Globex code:  2C/2C

Current Product name: Chicago Unleaded Gasoline (Platts) Futures

New Product name: Chicago CBOB Gasoline (Platts) Futures

Current Floating Price: The Floating Price for each contract month is equal to the arithmetic average of the Platts Chicago Unleaded 87 gasoline (pipeline) mean for each business day that it is determined during the contract month.

New Floating Price: The Floating Price for each contract month is equal to the arithmetic average of the Platts Chicago CBOB gasoline (pipeline) mean for each business day that it is determined during the contract month.

Guaranty Fund Asset Acceptance Changes

On January 24, 2014, CME Clearing notified Clearing Member Firms of its plan to limit the collateral types available for the CME Clearing guaranty funds to USD cash and U.S. Treasury Bills/Notes/Bonds* via Clearing Advisory Notice 14-041. As noted in that advisory, these changes are designed to allow CME Clearing to better comply with the liquidity requirements of CFTC Regulation 39.33. However, CME Clearing has decided to extend the deadline for the changes to April 14, 2014, in light of the flexibility provided by the CFTC’s ongoing no-action relief from the requirements of Regulation 39.33 from the CFTC, as well as to allow Clearing Member Firms an additional window to comply with the new requirements.

Please note that these changes will apply to all CME Clearing guaranty funds as of April 14, 2014, pending regulatory review, but will not be applicable to any guaranty fund for security-based swaps without approval from the Securities & Exchange Commission.

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

* (Time to maturity not to exceed 10 years)

Review of Collateral Haircuts Advisory

In conjunction with regular review of market volatility to ensure adequate collateral coverage, please find the current acceptable collateral and haircuts for CME Clearing at this link. 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.

OTC Holiday Advisory- Good Friday

At this link is the OTC Holiday Schedule for Good Friday.

Contact Information