IMPORTANT MEMORANDUMTO:

Clearing Member Firms
Chief Financial Officers
Back Office Managers

FROM:

CME Group Clearing

SUBJECT:

HOLIDAY SCHEDULE – President’s Day, February 15th, 2021

Please note the holiday processing schedule for Monday, February 15th, 2021 in observance of President’s Day.
Trading:
GLOBEX, Clearport and Trading Floor

http://www.cmegroup.com/tools-information/holiday-calendar/

Clearing Processing Cycles – February 15th, 2021
Intraday Cycle(ITD)
End of Day Cycle(EOD)

Settlement Variation

Initial Margin

Settlement file

SPAN file

Reports

No ITD Cycle

No ITD Cycle

No ITD Cycle

No ITD Cycle

No Variation Movement(Prices will be carriedforward from Friday)

IM requirements
will berecalculated.

Same prices
from Friday’sFile

No ITD Cycle
Normal Delivery
Time with same
prices fromFriday’s FileAll Reports
Available

MOSA Processing
MOSA will only run an “AM” cycle on Monday, February 15th. CME MOSA transactions cleared on Monday will be posted
for Tuesday’s clearing cycle.
The deadline to submit trades to the AM inter-exchange processing cycle on Monday will be its normal time of 7:00 amCST.
EROSION Processing
CME clearing will not process NYMEX Erosion on Monday, February 15thSince President’s Day is not defined as a NERC holiday, On Tuesday, February 16th, CME Clearing will process double
erosion for all firms with positions in the NYMEX PJM contracts.
CME Clearing will calculate final erosion for both Monday, February 15th and Tuesday, February 16th on Tuesday,February 16th for settlement on Wednesday, February 17th.
NERC Processing
NERC Holiday
Double Erosion
thMonday, February 15NoNo
NoTuesday, February 16thNo

Customer Gross Margin File Submission

NoYesCME Clearing will use the CGM file submitted on Friday, February 12th for processing on Monday, February 15th even if afirm submits a new CGM file for processing on Monday due to the President’s Day holiday.
Processing of Performance Bond Collateral
There will be no posting of collateral transactions dated Monday, February 15th, 2021 and clearing firms will be unable todeposit or withdraw collateral on Monday, February 15th.
Please refer to IEF2 processing deadline schedules for Friday, February 12th on the last page of this advisory.
A.M. Settlement Confirmations
Settlement variation and performance bond cash call amounts resulting from Friday, February 12th and Monday, February
15th, RTH settlement cycles will be confirmed by the settlement banks by 7:30 a.m. on Tuesday, February 16th. Settlementbanks will process cash flows resulting from Friday and Monday’s RTH settlement cycle on Tuesday, February 16th.
Futures Foreign Currency Performance Bond Cash Withdrawals
Due to the holiday, please note the value dates on foreign currency performance bond cash withdrawals will be moved out
until the next valid business date for that currency.
Futures Foreign Currency Settlement VariationDue to the holiday, please note the value dates on foreign currency settlement variation will be moved out until the next
valid common business date for USD & the settlement currency.
Interest Earning Facility 2 (IEF2)
Please note the following deadlines for IEF2 processing – these times are TENTATIVE and will be confirmed before theactual holiday.
Fund Family

2/12/21

BlackRockDreyfus
DWS
Federated
First American
Goldman Sachs

2:30p.m CST
2:30p.m CST
11:30p.m CST
2:30p.m CST
2:30p.m CST
11:30p.m CSTHSBCJP Morgan
Morgan Stanley
State StreetUBSWells Fargo
Fund closing times are subject to change.

1:30p.m CST
2:30p.m CST
1:30p.m CST
11:30p.m CST
2:30p.m CST
2:30p.m CST

2/15/21
ClosedClosedClosedClosedClosedClosedClosedClosedClosedClosedClosedClosedFor questions or further information: please contact CME Clearing at 312-207-2525 or CME Clearing’s Banking andCollateral Team at 312-207-2594.