Topics in this issue include:

      Critical System Updates

·         IRS Margin Model Parameter Change in NR

      Deliveries

·         CME Group Delivery Dates for August 2014

·         2014 Approved List of Live Cattle Stockyards & Slaughter Plants

      Events & Announcements

·         OTC Holiday Advisory- Labor Day

·         NEW: Delist flex options for dairy, livestock and lumber

·         NEW: Copper Options: Remove Contrary Instructions

·         2nd REVISION: Product Modification Summary for Clearing Firms, Bookkeeping Software Providers, ISVs

·         UPDATED Additional Client Master Data for Margin Accounts

·         Amend Listing Cycle for Brent Futures and Options on NYMEX

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

·         Contact Information

Deliveries

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.

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.

OTC Holiday Advisory- Labor Day

On Monday, September 1, 2014 (Labor 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 details on these impacts, please see the tables at this link.

NEW: Delist flex options for dairy, livestock and lumber

Effective August 4, 2014, the Chicago Mercantile Exchange, Inc. (CME or Exchange) delisted the following products in the table below from the CME trading floor.

There is currently no open interest in these products.

NEW: Copper Options: Remove Contrary Instructions

Effective Sunday, August 17, 2014 for trade date Monday, August 18, 2014, and pending all relevant CFTC regulatory review periods, please be advised that the Commodity Exchange, Inc.( EXCHANGE) will remove contrary instructions for Copper Options (Clearing code: HX; Globex code HXE) beginning with the January 2015 contract. 

Currently, Copper Options expire at 1:00 p.m. (New York prevailing time). Upon expiration, long positions have until 4:30 p.m. (New York prevailing time) to issue “contrary instructions”, i.e abandoning in-the-money or exercising out-of-the-money options.

Beginning with the January 2015 expiration, only in-the-money options will be exercised as determined by the underlying futures settlement price for that day. All other options will be abandoned.

2nd REVISION: Product Modification Summary for Clearing Firms, Bookkeeping Software Providers, ISVs

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 modify the contract size for the products listed below on CME Globex, Open Outcry and available for submission for clearing on CME ClearPort.

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

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.

Contact Information