Effective immediately, CME, CBOT and NYMEX have adopted revisions to Rule 957 (“Confirmations to Customers”) to better reflect the different types of information that a clearing member may be required to include on confirmations to customers. The revisions broaden the scope of the Rule to include types of information that may be necessary to confirm OTC swaps transactions.
The revisions appear below, with additions underscored and deletions overstruck.
957. CONFIRMATIONS TO CUSTOMERS
A clearing member shall confirm to the customer every transaction made for the customer no later than the following business day. Such confirmation shall be in electronic or written form and shall show the
commodity bought or sold, the quantity, the price, the contract month and, for options, strike price, put or call and expiration
Questions regarding this Special Executive Report should be directed to Lisa Dunsky, Director & Associate General Counsel, at 312.338.2483.
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