Topics in this issue include:

      Critical System Updates

·         Party Role 200 Coming to the Clearing FIXML API for ClearPort Trades

      Deliveries

·         CME Group Delivery Dates for September 2014

·         NEW: USD and EUR Interest Rate Swap Futures –Delivery Process, September 2014

·         Mandatory CLS Test

·         2014 Approved List of Live Cattle Stockyards & Slaughter Plants

      Events & Announcements

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

·         NEW: Gasoil 7F Price Flux change (Globex,NX Pit) and extend listing cycle

·         Bundle Futures and Options Launch on September 22, 2014

·         Add AUD/USD European-Style Monthly Options to CME ClearPort

·         Product Listing Expansion: Add European-Style Weekly FX Options to CME ClearPort

·         Live Cattle Futures Daily Price Limits Change

·         UPDATED Additional Client Master Data for Margin Accounts

·         NEW: Feedback Requested on System Information

·         Contact Information

Deliveries

CME Group Delivery Dates for September 2014

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

NEW: USD and EUR Interest Rate Swap Futures –Delivery Process, September 2014

Please be advised that the delivery process and schedule will be in effect for the September 2014 delivery cycle.

Mandatory CLS Test

In June, CME Clearing required all open positions post expiration in the CAD/USD (CD) and micro CAD/USD (MCD) futures contract to be delivered through the paired delivery process. Beginning with the September 2014 FX delivery cycle, all CLS eligible currency pairs will migrate to the paired delivery process. The paired delivery process is an assignment based process between clearing firms. Clearing firms with open long and short positions at the end of trading on last trade date will be matched against one another. The assigned clearing members will then facilitate the delivery utilizing the commitment information entered in Deliveries Plus. Similar to other assignment based processes in other futures products, clearing firms will be provided with buy/sell notification and invoice report detailing the assignment. In addition, clearing firms will be provided with a CSV instruction file in the clearing firm’s FTP folder that can be used for automating the CLS payment instruction creation process.

In preparation of the September 2014 FX Delivery cycle, a mandatory test cycle is required for all clearing members that intend to complete delivery via CLS. The test cycle will commence on Monday, August 25,^, 2014 for settlement on Wednesday, August 27, 2014. Upon completion of the test, clearing firms are required to report to CME Clearing the results of the test cycle. As part of the test cycle, a CSV file will be circulated to clearing members required to participate in the test with instruction and counterparty information. Clearing members that fail to match within CLS against any assigned counter party will not be allowed to participate in the CLS delivery method in the September delivery cycle.

If any CLS participant settlement instructions have been revised or altered in anyway, please send details to Deliveries at Clearinghousedelivteam@cmegroup.com by Thursday, August 14, 2014.

If there are any further questions or concerns, please do not hesitate to contact Deliveries at 312.930.3172.

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

Wheat-Corn Spread on CME Globex

Effective September 7 for trade date Monday, September 8, please be advised that The Board of Trade of the City of Chicago, Inc., (CBOT or EXCHANGE) will amend the orientation of the Wheat-Corn Spread on Globex (Globex code= ZC-ZW, Clearing code = C-W) from Corn futures minus Wheat futures to Wheat futures minus Corn futures (Globex code= ZW-ZC, Clearing code = W-C).

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

NEW: Gasoil 7F Price Flux change (Globex, NX Pit) and extend listing cycle

Effective Sunday September 21, 2014 with first trade date Monday September 22, 2014, and pending all CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (“CME”) proposes to amend the Prices and Fluctuations rule for the European Gasoil (100mt) Bullet Futures contract for trades on CME Globex and the NYMEX trading floor. The minimum price fluctuation shall be amended to $0.05 per metric ton for outright and spread transactions. Prices shall be quoted in US dollars and cents per metric ton and the minimum price fluctuation for settlement shall be $0.05 per metric ton.

For full text of this advisory, please click here.

Bundle Futures and Options Launch on September 22, 2014

CME will launch trading in Bundle futures and companion options on Sunday, September 21, 2014, for first trade date of September 22, 2014, pending completion of all regulatory review periods. Each Bundle future is for physical delivery of a standardized Bundle combination of CME Eurodollar (ED) futures. For full details on these innovative new contracts, please see: http://www.cmegroup.com/trading/interest-rates/eurodollar-bundles.html
Also please see Special Executive Report S-7160 at:

http://www.cmegroup.com/tools-information/lookups/advisories/ser/files/SER-7160.pdf

For further information, please click here.

Add AUD/USD European-Style Monthly Options to CME ClearPort

Effective Sunday, September 7, 2014 for trade date Monday, September 8, 2014, and pending all CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (CME or Exchange) will make available for submission for clearing through CME ClearPort European-style monthly options on the Australian Dollar/US Dollar (AUD/USD) futures contract.

Product Listing Expansion: Add European-Style Weekly FX Options to CME ClearPort

Effective Sunday, September 7, 2014 for trade date Monday, September 8, 2014, and pending all CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (CME or Exchange) will make available for submission for clearing through CME ClearPort European-style weekly options on six (6) major foreign exchange (FX) futures contracts as listed in the table below. These options contracts are currently listed for trading on the CME trading floor and CME Globex.

Live Cattle Futures Daily Price Limits Change

Effective Sunday, September 7, 2014 for trade day Monday, September 8, 2014 and pending all relevant CFTC regulatory review periods, the Chicago Mercantile Exchange Inc. (CME or Exchange) will expand the daily price limits for Live Cattle Futures (Clearing Code = LE, Globex code= LE and Open Outcry code = LC) to $0.050 per pound for the final two (2) trading days of the expiring month contract.

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 27, 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

NEW: Feedback Requested on System Information

CME Group would like to hear about your experience using our client systems development and user resources. Please complete a short survey for the following:

·         Client Systems Wiki

·         WebHelp systems

·         Videos

Your valuable input will help identify areas for future enhancement or improvement.

Complete the User Feedback Survey

Contact Information