Topics in this issue include:

      System Updates

·         NEW: PC-SPAN Version 4.5 Build 585A Delayed

·         CME Group Deliveries Plus – SMART Click Migration

·         New June 26 Date for Submission of Additional Client Master Data

      Deliveries

·         CME Group Delivery Dates for May 2015

      Events & Announcements

·         NEW: May 2015 Eligible ETFs and Stocks

·         NEW: Product Delisting: Distillers Dried Grains Futures

·         Product Modification Summary: JPYUSD Futures Tick Reduction

·         Monthly-to-Daily Conversion for Power Contracts begins on May 29, 2015

·         Contact Information

Deliveries

CME Group Delivery Dates for May 2015

Listed in the linked advisory are the relevant delivery dates for May 2015 Chicago Mercantile Exchange Inc., Chicago Board of Trade, NYMEX, COMEX, and DME contracts.

If you have any questions, please contact CME Clearing Deliveries at (312) 930-3172 or clearinghousedelivteam@cmegroup.com.

NEW: May 2015 Eligible ETFs and Stocks

CME Clearing accepts a select number of shares of ETFs and stocks for customer and house segregated performance bond collateral for Base Guaranty Fund products. Both ETFs and stocks are category 4 assets and are capped in total at $1 billion per clearing member firm. Please refer to the Standard Acceptable Collateral and Resources website 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 the Standard Acceptable Collateral and Resources website. CME Clearing utilizes a tiering methodology based on average daily volume to determine the number of eligible shares per clearing member firm.

CME Clearing utilizes the Depository Trust & Clearing Corporation (DTCC) as the custodian for the ETF and Stock Programs. In order to participate in the programs, clearing members must have an account at DTCC. For those firms familiar with the DTCC system, the CME’s account has “Repo” status.

Clearing members with an account at DTCC can originate free pledges of securities to the CME account or request the release of pledged securities from the account at the CME. CME staff has direct access to DTCC’s system to view clearing member pledges and approve release requests. Release transactions are not finalized until CME has approved the transactions. Clearing members have the opportunity to pledge securities in the morning to facilitate the release of a.m. cash calls at the intra-day performance bond cycle, or to request the release of pledged securities. The deadline for morning transactions is 10:30 a.m. CST. Clearing members have an additional opportunity to pledge securities in anticipation of increases in their overnight performance bond requirements until approximately 1:30 p.m. CST.

If you need further information about the ETF and Stock Programs, please contact the Financial Unit at (312) 207-2594 or the Risk Management Group at (312) 648-3888.

NEW: Product Delisting: Distillers Dried Grains Futures

Effective May 11, 2015, the Board of Trade of the City of Chicago, Inc. (CBOT or Exchange) delisted Distillers Dried Grains Futures (Clearing Code DDG/Globex Code DDG) from CME Globex and CME ClearPort.

There is currently no open interest in this product.

Product Modification Summary: JPYUSD Futures Tick Reduction

Effective Sunday, June 21, 2015 for trade date Monday, June 22, 2015, and pending all relevant CFTC regulatory review periods, please be advised that the Chicago Mercantile Exchange, Inc. (CME or Exchange) will amend the minimum price increment for Japanese Yen/US Dollar Futures.  The minimum tick is changing from 0.000001 to 0.0000005.

DPLs for outright Futures and the Spreads will not change and will remain at a current precision of 7.

Monthly-to-Daily Conversion for Power Contracts begins on May 29, 2015

Beginning with the June 2015 contract month and pending regulatory approvals, we are introducing an important enhancement in the way that the majority of monthly NYMEX power contracts are processed at maturity. Please see Special Executive Report 7253RR.

Currently, the last day of trading for these monthly cash-settled contracts is the last business day of the contract month. With this change, the monthly contracts will terminate trading prior to the start of the contract month and positions in the monthly contracts will be transformed automatically into strips of positions in the corresponding daily contracts, thereby allowing individual daily positions to be managed separately.

For questions or further information, please contact CME Clearing Services (CCS) at 312-207-2525 or ccs@cmegroup.com.

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

Contact Information