• CME Clearing Notice: Monday, June 9, 2014

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 14-233
      • Notice Date
      • 13 June 2014
      • Effective Date
      • 13 June 2014
    • Topics in this issue include:

            Critical System Updates

      ·         NEW: CME-CH.COM migration to CME CORE

      ·         FIXML Settlement Price Files for Futures, Options and Forwards Upgrade Coming June 23, 2014

      ·         Update; High-Precision Risk Arrays for Margining Small Contracts

      ·         Auto-exercise for API Coal Options on Strips

            Deliveries

      ·         USD and EUR Interest Rate Swap Futures – Delivery Process

      ·         CME Group Delivery Dates for June 2014

      ·         2014 Approved List of Live Cattle Stockyards & Slaughter Plants

            Events & Announcements

      ·         NEW: OTC Holiday Advisory - Independence Day

      ·         NEW: Product Delisting: U.S Dollar/ Columbian Peso Futures

      ·         NEW: Product Modification Summary: Soybean Crush Options

      ·         NEW: Strike Interval Reduction- Options on Mexican Peso / U.S. Dollar (MXN/USD)

      ·         Product Modification Summary: Center Point Natural Gas Contracts

      ·         Contact Information

       

      Critical System Updates

      NEW: CME-CH.COM migration to CME CORE

      Effective Tuesday, June 10, 2014, the following software and documentation that was available through cme-ch.com is now available in CME CORE: 

      • CME Optimizer
      • PC – SPAN
      • SPAN Risk Manager
      • SPAN RM Clearing
      • SPAN COM Interface
      • SPAN DOT NET Interface
      • SPAN Framework

      Please note, all users will be able to access their software after claiming their legacy permissions in CME CORE’s Download Center. 

      Accessing the latest version of your software is easy through CME CORE. 

      1)     Create a SMART Click ID if you do not already have one.

      a.     See steps below for creating one.

      2)     Log into CME CORE here: https://cmecore.cmegroup.com/core/index.html

      3)     Go the Download Center à Software.

      a.     PC SPAN will be available (no purchase necessary).

      b.    All customers can claim their legacy software in CME CORE by entering their cme-ch.com user name and password into CME CORE’s software download center.

       

      Steps for creating a SMART Click ID:

      1)     Go to the CME CORE login screen: https://cmecore.cmegroup.com/core/index.html

      2)     Click on the "Need to Register" link and provide the required information.

      3)     Receive your SMART Click ID.

      Please reach to EASE_Globex_Request@cmegroup.com with any questions about creating a SMARTCLICK ID. 

      Please reach out to clearing.riskmanagement@cmegroup.com with any questions about SPAN.  

      FIXML Settlement Price Files for Futures, Options and Forwards Upgrade Coming June 23, 2014

      Beginning trade date June 23, 2014, newly formatted FIXML Settlement Price files will replace the current versions for Futures, Options, and Forwards Settlement Price files. CDS FIXML Settlement Price files will not change in any way at this time. For more information, please click here.

      Update; High-Precision Risk Arrays for Margining Small Contracts

      Please click here for an update advisory supplementing Clearing Advisory Notice 14-142, “High-Precision Risk Arrays for Margining Small Contracts.” We have also provided a link to original advisory notice 14-142 below:

      http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv14-142.pdf

      Auto-exercise for API Coal Options on Strips

      Effective starting with the July 2014 expirations, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange, Inc. (NYMEX or EXCHANGE) will introduce auto-exercise on expiry on the below listed option products.

      Additionally:

      • Expiration time will change from 15:00 London time to 17:00 London time

      ·         For the expiry/exercise/assignment process to occur during the London business day CME Group will use the end-of-day coal market data published by the London Energy Brokers Association (‘LEBA’) as the price reference.

      ·         The proposed expiration day timetable is:

      o  17:00 London time (11:00 CT): cessation of trading of expiring contracts;

      o  17:45 London time (11:45 CT): by this time, third party (LEBA) data received;

      o  18:00 London time (12:00 CT): by this time, at-the-money cut off applied to open positions;

      o  18:00 London time (12:00 CT): contra-instruction deadline;

      18:30 London time (12:30 CT): announce OTM exercise / ITM abandon submissions.

      http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv14-210.pdf

      Deliveries

      USD and EUR Interest Rate Swap Futures – Delivery Process

      Please be advised that the delivery process and schedule at this link will be in effect for the June 2014 delivery cycle. All times are Central Standard Time unless otherwise noted.

      CME Group Delivery Dates for June 2014

      Listed at this link are the relevant delivery dates for the June 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

      NEW: OTC Holiday Advisory - Independence Day

      On Friday, July 4, 2014 (Independence Day), CME Clearing will be open to clear trades. Due to the holiday, however, there will be several impacts to CME Clearing’s processing and trade submission timelines for OTC products. For the full text of the advisory describing these impacts, please click here.

      NEW: Product Delisting: U.S Dollar/ Columbian Peso Futures

      Effective Monday, June 16, 2014, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) delisted NYMEX U.S. Dollar/Colombian Peso Futures (Clearing Code:  V2) from CME ClearPort and the NYMEX trading floor.

      There was no open interest in these contracts.

      NEW: Product Modification Summary: Soybean Crush Options

      Effective Sunday, June 15, 2014 for trade date Monday, June 16, 2014 and pending all relevant CFTC regulatory review periods, please be advised that the Chicago Mercantile Exchange, Inc. (CME or EXCHANGE will list the Soybean Crush Options referenced below on CME Globex and for submission for clearing on CME ClearPort. These are already listed on Open Outcry (Floor). Please refer to below link for contract specs.

      http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/soybean-crush_contractSpecs_options.html

      Code
      Clearing/Globex

      Title

      31 / BCE

      SOYBEAN CRUSH OPTIONS

      NEW: Strike Interval Reduction- Options on Mexican Peso / U.S. Dollar (MXN/USD)

      Effective Sunday, June 22, 2014 for trade date Monday, June 23, 2014 the Chicago Mercantile Exchange, Inc. (CME or Exchange) will reduce the strike interval for options on Mexican Peso/U.S. Dollar (MXN/USD) futures from an increment of .000625 to .000500 listed in the table below. The strike price DPL will remain unchanged at 6.

      With this change, the strike price listing rules will be expanded from ± 24 ATM to ± 30 ATM for all trading maturities on CME Globex, the CME trading floor and for submission for clearing on CME ClearPort.

      Code
      Clearing/Globex

      Title

      Current Strike Interval

      New Strike Interval (as of June 22)

      MP/1M

      MEXICAN PESO OPTIONS Week 1

      000625

      000500

      MP/2M

      MEXICAN PESO OPTIONS Week 2

      000625

      000500

      MP/3M

      MEXICAN PESO OPTIONS Week 3

      000625

      000500

      MP/4M

      MEXICAN PESO OPTIONS Week 4

      000625

      000500

      MP/5M

      MEXICAN PESO OPTIONS Week 5

      000625

      000500

      MP/6M

      MEXICAN PESO OPTIONS Long dated

      000625

      000500

      Product Modification Summary: Center Point Natural Gas Contracts

      Please click here for information on changes to Center Point Natural Gas Contracts, effective Sunday, June 15, 2014.

      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