Chapter 411
CME Pacific Rim CAT Index Futures
41100.

SCOPE OF CHAPTER
This chapter is limited in application to CME Pacific Rim CAT Index futures. In addition to thischapter, CME Pacific Rim CAT Index futures shall be subject to the general rules and regulations ofthe Exchange insofar as applicable.
For purposes of this chapter, unless otherwise specified, times referred herein shall refer to andindicate Chicago time.

41101.

CONTRACT SPECIFICATIONS
1. Cumulative Average Temperature (CAT)The daily average temperature is defined as the arithmetic average calculated over a twenty-four (24)hour period. Observations are recorded by the Japan Meteorological Agency (JMA) and processed by
Speedwell Settlement Services Ltd.
• Toyko, Japan (WMO 47662): Average of the 24-hourly readings between and including 0100 JST
D0 and 0000 JST D+1. (D = calendar day)
2. The CME Pacific Rim CAT Indexes
Each particular CME Pacific Rim CAT Index is the accumulation of the daily average temperatures overa calendar month. The accumulation period of each CME Pacific Rim CAT Index futures contract begins
with the first calendar day of the contract month and ends with the last calendar day of the contract month.

41102.

TRADING SPECIFICATIONS
41102.A.
Trading Schedule
Futures contracts shall be scheduled for trading and delivery during such hours in such months as may
be determined by the Exchange.
41102.B.
Trading Unit
The size of the unit of trading shall be ¥2,500(Japanese Yen) times the CME Pacific Rim CAT Index.
41102.C.
Price Increments
The minimum price fluctuation of each CME Pacific Rim CAT Index futures contract shall be .01 index
point and have a value of ¥25 (Japanese Yen).
41102.D.
Position Limits, Exemptions, Position Accountability and Reportable Levels
The applicable position limits and/or accountability levels, in addition to the reportable levels, are set forthin the Position Limit, Position Accountability and Reportable Level Table in the Interpretations & Special
Notices Section of Chapter 5.
A Person seeking an exemption from position limits for bona fide commercial purposes shall apply to theMarket Regulation Department on forms provided by the Exchange, and the Market Regulation
Department may grant qualified exemptions in its sole discretion.
Refer to Rule 559 for requirements concerning the aggregation of positions and allowable exemptions
from the specified position limits.
41102.E.
Termination of Trading
Futures trading shall terminate at 9:00 a.m. on the second Exchange Business Day after the futurescontract month.

41103.

SETTLEMENT PROCEDURES
41103.A.
Final Settlement Price
All futures contracts remaining open at the termination of trading shall be settled using the CME Pacific
Rim Index reported by Speedwell Settlements Services Ltd. for that contract month, using themethodology in effect on that date, on the first Exchange Business Day that is at least two calendar days
after the futures contract month. For example, on June 2, 2020, the May 2020 futures contract on theTokyo Index would have been settled at 604 degrees.
41103.B.
Final Settlement
Clearing members holding open positions in a CME Pacific Rim CAT Index futures contract at theCopyright Chicago Mercantile Exchange, Inc. All rights reserved.

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termination of trading in that contract shall make payment to or receive payment from the Clearing Housein accordance with normal variation performance bond procedures based on a settlement price equal tothe final settlement price.
(End Chapter 411)

INTERPRETATIONS & SPECIAL NOTICESRELATING TO CHAPTER 411

LIMITATION OF LIABILITY AND DISCLAIMER
Speedwell Settlement Services Ltd. (“SSS”) grants the Exchange the rights to use various data (“Data”) in connection
with the trading of futures contracts and options on futures contracts based upon such Data. SSS makes no warranty,
express or implied, as to the results to be obtained by any person or any entity from the use of the Data in connection
with the trading of futures contracts, options on futures contracts or any other use. SSS makes no express or implied
warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect
to the Data. Without limiting any of the foregoing, in no event shall SSS have any liability for any special, punitive,indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages.

Copyright Chicago Mercantile Exchange, Inc. All rights reserved.

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