Allocation Field Descriptions

See the below table for more detailed descriptions of each Allocation field.

FIELD NAME

DESCRIPTION

Firm

This is equivalent to the trading member firm or also known as the executing firm.

The User has authority to view specific firms and should choose the appropriate firm from their customized list.

Product

Unique clearing symbol that identifies a particular commodity (product) traded at CME Group. From the drop-down list, select the specific product associated with the transaction to be allocated. Allocations must be done one product at a time.

The Product list can be sorted using Filter By Code or Name.

Prev Alloc

(Optional) Select this box to edit transactions that were previously allocated. The User will need to enter the specific trading account to which the items were previously allocated.

Trade Month

The month in which the Non Trade Activity (exercise, assigned, delivered, etc.) occurred.

Trade months should be within the CME Group Rebate Policy (current plus two previous business months)

NOTE: During the first two business days of the month, the Trade Month field will default to the previous month. Thereafter, the Trade Month field will default to the current month. Only one month can be processed at a time.

 

Mode

Feature allows the User to perform allocations using the following options:

Main/Trading Account

This feature allows the User to allocate by the Main Account only. However, it is strongly encouraged by the CME Group Auditors to do allocations by Main Account and Trading Account, as this information is required in reviewing allocations during fee audit examinations.

Also, this feature provides only those accounts that have been registered in the Account Maintenance section of the EFS application.

Trading Account

The Account for which the trade was executed.

Enter the respective trading account without restricting the User to what has been registered within the EFS application. This feature may also be utilized for allocating transactions to non-member accounts. EFS will automatically correlate the entered trading account to a main account if one exists.

NOTE: To ensure reduced rates are received, ensure that the trading account is appropriately registered within Account Maintenance.

 

Transaction Types

Feature allows the user to perform allocations using the following options:

Field Description

Exercise

The process of exchanging an option for the underlying Futures contract.

Delivery

The tender and receipt of an actual commodity or financial instrument, or cash in settlement of a futures contract.

Assignment

The designation of an option writer for fulfillment of his obligation to sell the underlying futures contract (call options writer) or buy the underlying futures contract (put option writer) upon notice from the Clearing House. Notice to the seller of an option that has been exercised by the buyer.

Expired Options

When the expiration date for an option passes without the option being exercised or offset.

Cash Settlement

The transfer of the associated cash position.

Future from Assignment or Exercise

The future created upon option exercise or assignment.

Swap from Assignment or Exercise

The swap created upon option exercise or assignment.

Maintenance

Fees charged on ERIS Swap Futures per quarter at expiration