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VOLUME 28 – BULLETIN #008
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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February 5, 2008
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SUBJECT:
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Chicago Climate Futures Exchange Delivery, Final Settlement, and Option Expiration Dates for February 2008 Contracts
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Listed below are the relevant delivery and expiration dates for the Chicago Climate Futures Exchange February 2008 contracts.
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Delivery Dates
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Product Group
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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 SFI
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Feb 13
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Feb 14
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Feb 15
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Feb 27
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Feb 28
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Feb 29
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Nitrogen NFI-OS
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Feb 19
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Feb 20
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Feb 21
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Feb 27
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Feb 28
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Feb 29
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Carbon CFI
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Mar 3
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Mar 4
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Mar 5
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Feb 29
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Mar 4
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Mar 5
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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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Feb 11
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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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Feb 25
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Feb 25
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ECFI – European Carbon Financial Instrument
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KE
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Feb 25
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Feb 25
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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:
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