CDS Production Advisory - 2014 ISDA Credit Definitions and Index Annex Dates Postponement

Please be advised that the protocol effective date for the 2014 ISDA Credit Derivatives Definitions has been postponed to October 6^th, 2014.  After close of business on October 3^rd, 2014 all static data updates to reflect the 2014 ISDA Credit Derivatives Definitions on the Product Reference File will be completed in Production.  As of October 6^th, 2014 all indices will reference the CME Rules which incorporate the 2014 ISDA Credit Derivatives Definitions.

 In addition, to be consistent with the protocol, Markit will publish the new series of the CDX IG and CDX HY with an annex date of October 6^th, 2014 and October 9^th, 2014 respectively.  CME Clearing will update the new series for the CDX IG and the CDX HY as follows:

 CDX North American Investment Grade Series 23

·         First day of trading will be October 6^th, 2014

·         All trades cleared on the new series beginning October 6^th, 2014 will reference the CME Rules which incorporate the 2014 ISDA Credit Derivatives Definitions

·         The new series will be added to the Product Reference File after close of business on September 19^th, 2014 but will be set to not-clearable

 CDX North American High Yield Series 23

 ·         First day of trading will be October 9^th, 2014

·         All trades cleared on the new series beginning October 9^th, 2014 will reference the CME Rules which incorporate the 2014 ISDA Credit Derivatives Definitions

·         The new series will be added to the Product Reference File after close of business on September 26^th, 2014 but will be set to not-clearable

 **Please note the effective date for these new series will remain as September 22^nd, 2014 to ensure a full coupon.

 If you have any questions, please contact the CME Client Services Team at Onboarding@cmegroup.com or by telephone at 312-338-7112.

 Regards,

 CME Clearing

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