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
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Critical System Updates
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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.
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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.
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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
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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
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Deliveries
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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.
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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.
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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.
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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.
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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.
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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
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Title
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31 / BCE
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SOYBEAN CRUSH OPTIONS
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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
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Title
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Current Strike Interval
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New Strike Interval (as of June 22)
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MP/1M
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MEXICAN PESO OPTIONS Week 1
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000625
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000500
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MP/2M
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MEXICAN PESO OPTIONS Week 2
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000625
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000500
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MP/3M
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MEXICAN PESO OPTIONS Week 3
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000625
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000500
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MP/4M
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MEXICAN PESO OPTIONS Week 4
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000625
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000500
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MP/5M
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MEXICAN PESO OPTIONS Week 5
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000625
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000500
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MP/6M
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MEXICAN PESO OPTIONS Long dated
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000625
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000500
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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.
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Contact Information
CME Group Contacts
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cmegroup.com Inquiries
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Customer Service
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(800) 331-3332
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General Information
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Products & Services
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(312) 930-8213
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Clearing House
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(312) 207-2525
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CME Globex Information
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CME Global Command Center
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Global Account Management
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U.S.
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(800) 438-8616
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Europe
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+0800 898 013
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Asia
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+65 6532 5010
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Performance Bond Information
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Risk Management Dept.
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(312) 648-3888
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Position Limits
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Market Regulation
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(312) 341-7970
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Clearing Fees
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Clearing Fee Hotline
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(312) 648-5470
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Risk Management
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Risk Management Hotline
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(312) 634-3888
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Collateral
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Financial Unit Hotline
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(312) 207-2594
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Deliveries
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Deliveries Unit
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(312) 930-3172
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Clearing Customer Service
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(312) 207-2525
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