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VOLUME 24 – BULLETIN #020

TO:

ALL CLEARING PARTICIPANTS

FROM:

CLIENT SERVICES AND SUPPORT

DATE:

February 19, 2004

SUBJECT:

Expiration for Eurex US Option Contracts

Friday, February 20, 2004, is the expiration day for Eurex US options. Firms should be aware of the following procedures:

• Give-ups and Transfers must be resolved prior to the final 7:00 p.m. reconciliation. Any remaining unmatched give-ups or transfers in the expiring options will be dropped from the system during Friday’s final reconciliation.

• All in-the-money February options, based on the March futures contract, will be automatically exercised.

• Authorized cancellation of in-the-money automatic exercises and out-of-the-money exercises must be submitted prior to 6:00 p.m. Friday.

• Special option expiration reconciliations will be processed at 3:30 p.m. and 5:00 p.m. Option expiration reports will be produced and distributed to INFOPAC and reports via the web.

Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives:

John Compall

 

john.compall@clearingcorp.com

Marc MacQuarrie

786-5732

marc.macquarrie@clearingcorp.com

Molly McMahon

786-5731

molly.mcmahon@clearingcorp.com

Jill Turner

786-5718

jill.turner@clearingcorp.com

     

Thomas Andrews

Director

thomas.andrews@clearingcorp.com

     

Client Services and Support E-Mail Address

css@clearingcorp.com

Clearing Corporation Web Site

http://www.clearingcorp.com

   
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