• Amendment to Public Holiday Calendar for Iron Ore (TSI) Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6489
      • Notice Date
      • 04 December 2012
      • Effective Date
      • 30 December 2012
    • Effective Sunday, December 30, 2012, for trade date Monday, December 31, 2012, and pending all relevant CFTC regulatory review periods, please be advised that the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will amend the business day calendar used to establish the Iron Ore (TSI) contracts last trading day and expiry day. The amended contracts are listed below. This amendment reflects the change to the publication calendar for the underlying index that the data provider, TSI, advised to its customers in November 2012. 

      Contract
      Code
      Rule Chapter
      Iron Ore 62% Fe, CFR China (TSI) Futures
      TIO
      919
      Iron Ore 62% Fe, CFR China (TSI) Average Price Option
      ICT
      644

      The rule amendments are presented below in black-line format.
      (underline indicates addition, strikethrough indicates deletion)
       
      Chapter 919
      Iron Ore 62% Fe, CFR China (TSI) Futures
       
      919.06         TERMINATION OF TRADING
                         Trading shall terminate on the last business day of the contract month. Business days are based on the U.K. Singapore Public Holiday calendar.
       
      Chapter 644
      Iron Ore 62% Fe, CFR China (TSI) Average Price Option
       
      644.04         EXPIRATION
                         An Iron Ore 62% Fe, CFR China (TSI) Average Price Option shall expire on the last business day of the contract month. If the last business day of the contract month is a UK Singapore banking holiday, the last trade date shall be the business day immediately preceding the holiday.
      Please refer questions on this subject to:
      Research and Product Development
      Richard Stevens                        Richard.Stevens@cmegroup.com                      +44 20 3379 3790
       

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