Chapter 409
CME European Seasonal CAT Strip Index Futures
40900.

SCOPE OF CHAPTER
This chapter is limited in application to CME European Seasonal Strip CAT Index futures. Inaddition to this chapter, CME European Seasonal CAT Strip Index futures shall be subject to thegeneral rules and regulations of the Exchange insofar as applicable.
For purposes of this chapter, unless otherwise specified, times referred herein shall refer to andindicate Chicago time.

40901.

CONTRACT SPECIFICATIONS
1.

Cumulative Average Temperature (CAT)The daily average temperature is defined as the arithmetic average of the maximum temperature(Tmax) and minimum temperature (Tmin), measured at the following times for each location.
Observations are recorded by the relevant National Meteorological Service and processed by
Speedwell Settlement Services Ltd.
•Amsterdam-Schiphol, Netherlands (WMO 06240)
Tmax: observed 0000 UTCD0 to 0000 UTCD+1 (D = calendar day)Tmin: observed 0000 UTCD0 to 0000 UTCD+1 (D = calendar day)National Meteorological Service: Royal Netherlands Meteorological Institute (KNMI)•London-Heathrow, United Kingdom (WMO 03772)
Tmax: observed 0850 UTCD0 to 0850 UTCD+1 (D = calendar day)Tmin: observed 0850 UTCD-1 to 0850 UTCD0 (D = calendar day)National Meteorological Service: UK Met Office•

ESSEN, Germany (WMO 10410)
Tmax: observed 0000 UTCD0 to 0000 UTCD+1
Tmin: observed 0000 UTCD0 to 0000 UTCD+1
National Meteorological Service: Deutscher Wetterdienst (DWD)•PARIS ORLY, France (WMO 07149)
Tmax: observed 0600 UTCD0 to 0600 UTCD+1
Tmin: observed 1800 UTCD-1 to 1800 UTCD0National Meteorological Service: Meteo France

2. The CME European Seasonal Strip CAT Indexes
Each defined CME European Seasonal Strip CAT index below is the accumulation of like daily
average temperatures over the season.
CAT Strips:•May – September•

July – August•

Q2 (April – June)•Q3 (July – September)

A separate futures contract shall be listed for each strip. The accumulation period of each CME
European Seasonal Strip CAT Index begins with the first calendar day of the first month of the strip,
and ends with the last calendar day of the last month of the strip.

40902.

TRADING SPECIFICATIONS© Copyright Chicago Mercantile Exchange, Inc. All rights reserved.

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40902.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.
40902.B.
Trading Unit
The size of the unit of trading shall be 20 British pounds (pounds sterling) for London-Heathrow, or20 Euros (€) for all other locations, times the respective CME European Seasonal Strip CAT Index.
40902.C.
Price Increments
The minimum price fluctuation on the CME European Seasonal Strip CAT Index futures shall be 1index point and have a value of 20 British pounds (pounds sterling) for London-Heathrow, or 20Euros (€) for all other locations.
40902.D.
Position Limits, Exemptions, Position Accountability and Reportable Levels
The applicable position limits and/or accountability levels, in addition to the reportable levels, areset forth in the Position Limit, Position Accountability and Reportable Level Table in theInterpretations & Special Notices Section of Chapter 5.
A Person seeking an exemption from position limits for bona fide commercial purposes shall apply
to the Market Regulation Department on forms provided by the Exchange, and the MarketRegulation 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.
40902.E.
[Reserved]
40902.F.
[Reserved]
40902.G.
Termination of Trading
Futures trading shall terminate at 9:00 a.m. on the fifth Exchange Business Day after the lastcalendar day of the last month of the defined strip.
40902.H.
[Reserved]
40902.I.
[Reserved]

40903.

SETTLEMENT PROCEDURES
40903.A.

Final Settlement Price

All futures contracts remaining open at the termination of trading shall be settled using therespective CME European Seasonal Strip CAT Index reported by Speedwell Settlement Services
Ltd. for that city for that contract period, using the methodology in effect on that date, on the fifth
Exchange Business Day after the last calendar day of the last month of the defined strip. For
example, on October 7, 2002, the May 2002 - September 2002 futures contract on the CME
Amsterdam-Schiphol May – September ’02 European Seasonal Strip CAT Index would have been
settled at 2481.10 Degrees.
40903.B.
Final Settlement
Clearing members holding open positions in a CME European Seasonal Strip CAT Index futurescontract at the termination of trading in that contract shall make payment to or receive payment
from the Clearing House in accordance with normal variation performance bond procedures basedon a settlement price equal to the final settlement price.

40904.

[RESERVED]

40905.-06. [RESERVED](End Chapter 409)

INTERPRETATIONS & SPECIAL NOTICESRELATING TO CHAPTER 409
LIMITATION OF LIABILITY AND DISCLAIMER© Copyright Chicago Mercantile Exchange, Inc. All rights reserved.

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Speedwell Settlement Services Ltd. (“SSS”) grants the Exchange the rights to use various data (“Data”) inconnection 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 useof 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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