Effective on trade date Monday, January 4, 2016, and pending all relevant CFTC regulatory review periods, Chicago Mercantile Exchange Inc. (“CME”) and The Board of Trade of the City of Chicago, Inc. (“CBOT”) will amend the daily settlement procedure in CME Livestock and Random Length Lumber futures, and CBOT 30-Day Federal Funds futures. These amendments are intended to harmonize the procedures and language used to describe the procedures across relevant products.
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