TO:	ALL CLEARING PARTICIPANTS
FROM:	CLIENT SERVICES AND SUPPORT
DATE:	January 4, 2008
SUBJECT:	Chicago Climate Futures Exchange Delivery, Final Settlement, and Option Expiration Dates for January 2008 Contracts

Listed below are the relevant delivery and expiration dates for the Chicago Climate Futures Exchange January 2008 contracts.

Delivery Dates
Product Group	First Position	First Notice	First Delivery	Last Trade	Last Notice	Last Delivery
Sulfur Dioxide SFI	Jan 18	Jan 21	Jan 22	Jan 31	Feb 1	Feb 4
Nitrogen NFI-OS	Jan 21	Jan 22	Jan 23	Jan 29	Jan 30	Jan 31
Carbon CFI	Feb 1	Feb 4	Feb 5	Jan 31	Feb 4	Feb 5

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.

Option Expiration Dates
Product	Code	Expiration
Sulfur Dioxide	KS	Jan 16

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.

Cash Settle/Expiration Dates
Product	Code	Last Trade	Cash Settle / Expiration
CER – Certified Emissions	WR	Jan 28	Jan 28
ECFI – European Carbon Financial Instrument	KE	Jan 28	Jan 28
ECO – Clean Energy * Index Futures	WE	N/A	N/A

* ECO does not have a January 08 contract.

CCorp will expire all positions on last trading day.

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