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VOLUME 27 – BULLETIN #059
TO:
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ALL CLEARING PARTICIPANTS
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FROM:
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CLIENT SERVICES AND SUPPORT
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DATE:
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October 4, 2007
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SUBJECT:
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Chicago Climate Exchange Delivery, Final Settlement, and Option Expiration Dates for October 2007 Contracts
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Listed below are the relevant delivery and expiration dates for the Chicago Climate Exchange October 2007 contracts.
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Delivery Dates
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Product
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Code
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First Position
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First Notice
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First Delivery
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Last Trade
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Last Notice
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Last Delivery
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Sulfur Dioxide
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KS
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Oct 18
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Oct 19
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Oct 22
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Oct 31
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Nov 1
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Nov 2
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Nitrogen-OS - Bank
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NA
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Oct 19
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Oct 22
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Oct 23
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Oct 29
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Oct 30
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Oct 31
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Nitrogen-OS – V07
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NB
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Oct 19
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Oct 22
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Oct 23
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Oct 29
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Oct 30
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Oct 31
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Nitrogen-OS – V08
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NC
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Oct 19
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Oct 22
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Oct 23
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Oct 29
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Oct 30
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Oct 31
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Nitrogen-OS – V09
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ND
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Oct 19
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Oct 22
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Oct 23
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Oct 29
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Oct 30
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Oct 31
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To help promote error free delivery processing, the Clearing Corporation requires all tender quantities be confirmed before the tender record will be included in delivery processing for assignment. The confirmation is performed using the Tender Confirmation screen in OTIS®. Clearing Participants are reminded of the importance of verifying this information before confirming their tender records.
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Option Expiration Dates
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Product
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Code
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Expiration
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Sulfur Dioxide
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KS
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Oct 16
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The deadline to submit at the money, out of the money exercise requests and cancellation of in the money exercises is 5:00 p.m. on expiration day. Clearing Participants that need to verify their authorization code for special exercise requests should contact CSS. All exercise activity is performed using the Option Exercise Entry and Option Exercise Inquiry selections in Position Management.
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Cash Settle/Expiration Dates
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Product
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Code
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Last Trade
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Cash Settle / Expiration
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CER – Certified Emissions
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WR
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Oct 29
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Oct 29
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ECFI – European Carbon Financial Instrument
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KE
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Oct 29
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Oct 29
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CCFE will post final settlement price at 11:00 a.m. Central Time, on last trading day. CCorp will expire all positions on last trading day using this final settlement price.
Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives:
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