Topics in this issue include:

      Critical System Updates

·         CME-CH.COM migration to CME CORE

·         Auto-exercise for API Coal Options on Strips

      Deliveries

·         NEW: CME Group Delivery Dates for August 2014

·         CME Group Delivery Dates for July 2014

·         Change in Notification Day for Cattle Carcass Delivery

·         2014 Approved List of Live Cattle Stockyards & Slaughter Plants

      Events & Announcements

·         NEW: UPDATED Additional Client Master Data for Margin Accounts

·         July 2014 Eligible ETFs and Stocks

·         Amend Listing Cycle for Brent Futures and Options on NYMEX

·         CME Clearing US Delegated Reporting Service Update – EMIR Collateral & Valuation Requirement August 11, 2014

·         Enhanced GPS data files

·         UPDATED: Product Modification Summary for Clearing Firms, Bookkeeping Software Providers, ISVs

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

·         Contact Information

Deliveries

NEW: CME Group Delivery Dates for August 2014

Listed here are the relevant delivery dates for the August 2014 Chicago Mercantile Exchange Inc., Chicago Board of Trade, NYMEX, COMEX, and DME contracts.

CME Group Delivery Dates for July 2014

Listed here are the relevant delivery dates for the July 2014 Chicago Mercantile Exchange Inc., Chicago Board of Trade, NYMEX, COMEX, and DME contracts.

Change in Notification Day for Cattle Carcass Delivery

Effective Sunday, July 20, 2014 for trade date Monday, July 21, 2014, and pending all relevant CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (CME or Exchange) will amend Rule 10103.C. (Carcass Graded Deliveries) such that the day for the Clearing House to notify sellers of the buyer’s election of cattle carcass grading for deliveries in the CME Live Cattle futures contract (Rulebook chapter: 101; Clearing Code: LC; CME Open Outcry Code: LC; CME Globex Code: LE; CME ClearPort Code: 48) will be amended from the second to the third business day prior to the slaughter day for all contract months beginning with the August 2014 contract month.

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: UPDATED Additional Client Master Data for Margin Accounts

This advisory updates and replaces Clearing Advisory 14-087, originally published on March 3, 2014.

UPDATE #1: July 23, 2014 (ORIGINAL DATE March 27th, 2014)

Some clearing firms have indicated that they may not be able to meet the October 6 deadline for submission of the additional client master data. If so, please contact MarginAccts@cmegroup.com to request an extension.

For the full text of this advisory, please click here

July 2014 Eligible ETFs and Stocks

CME Clearing accepts a select number of shares of ETFs and equity stocks for customer and house segregated performance bond collateral for Base Guaranty Fund products. CME Clearing now accepts ETFs under its own asset type, ETF, in our C21 system. Both ETFs and stocks are category 4 assets and are capped in combination at $1 billion per clearing member firm. Please refer to the website http://www.cmegroup.com/clearing/financial-and-collateral-management/ for further details regarding acceptable collateral, haircuts, and limits.

For ETF and stock acceptance criteria and a list of eligible ETFs and stocks, please see http://www.cmegroup.com/clearing/financial-and-collateral-management/. CME Clearing utilizes a tiering methodology based on average daily volume to determine the number of eligible shares per clearing member firm.

For additional details, please click here.

Amend Listing Cycle for Brent Futures and Options on NYMEX

Effective Sunday, August 3, 2014 for trade date Monday, August 4, 2014, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange (EXCHANGE) will expand the listing of contract months for the products listed below on CME Globex, Open Outcry and available for submission for clearing on CME ClearPort. For more details, please click here.

CME Clearing US Delegated Reporting Service Update – EMIR Collateral & Valuation Requirement August 11, 2014

Under EMIR reporting mandates from August 11, 2014, EU Financial Counterparties (FC) and Non-Financial Counterparties above the clearing threshold (NFC+) must report daily collateral and valuation data relating to their open trades and positions to an EMIR Trade Repository. 

For the full text of this advisory, please click here.

Enhanced GPS data files

At the request of Clearing Member Firms, we will be publishing enhanced GPS data files (DGPS, PGPS, EGPS, EGPS) to now contain the allocation trade ID that is also provided on the bookkeeping clearing confirm record and on the FIXML formatted Trade Register file. 

The new field will allow firms to reconcile GPS data with their trade register and real-time bookkeeping record.

The new field will be added to the end of the current GPS Trade record (part 2) in positions 125 to 134 so there will be no impact to current field locations. 

The first files will be created on July 28^th, 2014 with that evening’s processing.

For those firms interested in a sample data file, please email ccs@cmegroup.com .

If you have any questions, please call clearing services at (312) 207-2525.

UPDATED: Product Modification Summary for Clearing Firms, Bookkeeping Software Providers, ISVs

Effective Sunday, August 03, 2014 for trade date Monday, August 04, 2014, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange (EXCHANGE) will modify the contract size for the products listed below on CME Globex, Open Outcry and available for submission for clearing on CME ClearPort.

FECPlus Migration Phase 2: Electronic Trade Management (ETM) *UPDATE*

To allow for additional testing time, CME Clearing has postponed the implementation date for the FECPlus Electronic Trade Migration (ETM) from the original July 14th date. A new release date will be announced soon.

ETM Testing

We encourage firms to continue testing as we work to come up with an acceptable date. Again, the testing will be done in the Certification environment exclusively.

Please be aware that, while ETM testing is underway, it will take priority over any other non-ETM Certification or New Release region testing that firms or vendors might be conducting during this time.

ETM Training

We have completed our FECPlus training sessions at the CBOT building, but any firms seeking demos can contact us directly at CCS@CMEGroup.com to setup an in person demo or an online demo as needed.

If you have any questions or require further information please contact CME Clearing Services (CCS) at 312-207-2525 or email ccs@cmegroup.com.

Contact Information