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VOLUME 28 – BULLETIN #031
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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May 7, 2008
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SUBJECT:
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Chicago Climate Futures Exchange Delivery, Final Settlement, and Option Expiration Dates for May 2008 Contracts
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Listed below are the relevant delivery and expiration dates for the Chicago Climate Futures Exchange May 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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May 16
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May 19
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May 20
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May 30
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June 2
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June 3
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Nitrogen NFI
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May 19
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May 20
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May 21
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May 28
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May 29
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May 30
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Carbon CFI
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Jun 2
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Jun 3
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Jun 4
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May 30
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Jun 3
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Jun 4
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Nitrogen NFI-Annuals
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May 19
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May 20
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May 21
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May 28
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May 29
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May 30
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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 / Product Group
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Expiration
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Sulfur Dioxide
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May 14
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Carbon Financial Instrument
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May 28
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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 / Product Group
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Last Trade
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Cash Settle / Expiration
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CER – Certified Emissions Futures
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May 28
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May 28
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ECFI – European Carbon Financial Instrument Futures
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May 19
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May 19
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ECO – Clean Energy Index
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N/A
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N/A
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The Clearing Corporation 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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