VOLUME 27 – BULLETIN #064 Chicago Climate Futures Exchange Delivery Money Release Procedures

TO:	ALL CLEARING PARTICIPANTS
FROM:	CLIENT SERVICES AND SUPPORT
DATE:	October 16, 2007
SUBJECT:	Chicago Climate Futures Exchange Delivery Money Release Procedures

Beginning with the October 2007 delivery period, the Chicago Climate Futures Exchange (CCFE) requires that the Buying Clearing Participant (CP) notify CCorp that the allowance transfer resulting from a futures delivery has been completed. Previously the Buying CP and Selling CP have provided to CCorp the Allowance Transfer e-mail created from the EPA system.

Beginning with the October 2007 delivery period, the Buying CP will provide to CCorp a new document titled “CCFE Receipt of Delivery Confirmation.” An individual form will be created by the Buying CP for each Selling CP making delivery on a given date. One form can be used to report the delivery of multiple CCFE products to the same seller clearing participant. The CCFE Receipt of Delivery Confirmation form can be accessed by clicking here. The form can also be accessed via the CCorp web site on the Clearing Participants page under Procedures.

• The Buying CP will create a separate CCFE Receipt of Delivery Confirmation form for each Selling CP.

• No money will be released to the Selling CP for any transfers not contained on the confirmation document.

• This form should be completed electronically and e-mailed to CSS at css@clearingcorp.com. This form should be sent to CCorp by an authorized individual known by CSS. The buyer clearing participant should contact CSS via telephone at 312-786-5718 to verify receipt of the e-mail. CSS reserves the right to contact the Buying CP to verify the validity of any form received from the Buying CP.

• Confirmation documents received at CCorp by 12:30 p.m. will result in money released at midday. This time may be adjusted earlier if CCorp runs its midday process earlier.

• Confirmation documents received after 12:30 will result in money being release for end of day.

• If a confirmation document is not received at CCorp by 4:00 p.m. on the delivery day, the money will NOT be released to the Selling CP. The Buying CP should contact CCorp and CCFE ASAP if this deadline cannot be met. Failure to authorize the release of money on delivery day will be considered to be a default on delivery and will be referred to CCFE.

• To send via e-mail, open the form and complete all fields online. Click on EDIT followed by SELECT ALL. Key Control (CTRL) + C to copy the completed page. Paste into an e-mail and send to css@clearingcorp.com .

• To send via fax, open and complete the form. Print and fax to (312) 986-3444.

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