9IMPORTANT MEMORANDUMTO:

Clearing Member Firms
Chief Financial Officers
Back Office Managers

FROM:

CME Group Clearing

SUBJECT:

HOLIDAY SCHEDULE – Memorial Day May 31, 2021

Please note the holiday processing schedule for Friday May 28th through Monday May 31st, 2021 in observance ofMemorial Day.
Trading:
GLOBEX, Clearport and Trading Floor

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

Clearing Processing Cycles – May 31st, 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 May 31st. 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, May 31st.
CME Clearing will calculate final erosion for Tuesday, June 1st for settlement on Wednesday, June 2nd.
NERC ProcessingMonday, May 31stTuesday, June 1stNERC Holiday

Double Erosion

NoYesNoYes

NoNo

Customer Gross Margin File Submission
CME Clearing will use the CGM file submitted on Friday May 28th for processing on Monday, May 31st even if a firm
submits a new CGM file for processing on Monday due to the Memorial Day Holiday.

Processing of Performance Bond Collateral
There will be no collateral processing for Monday, May 31st, 2021, due to the Memorial Day holiday.
Please refer to IEF2 processing deadline schedules for Friday, May 28th on the last page of this advisory.
A.M. Settlement Confirmations
Settlement variation and performance bond cash call amounts resulting from Friday, May 28th and Monday, May 31st, RTH
settlement cycles will be confirmed by the settlement banks by 7:30 a.m. on Tuesday, June 1st. Settlement banks willprocess cash flows resulting from Friday and Monday’s RTH settlement cycle on Tuesday, June 1st.
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 Variation
Due 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.

FOR OTC FX SETTLEMENT VALUE DATES PLEASE REFERENCE THE OTC ADVISORY NOTICEInterest 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
BlackRock

5/28/212:30p.m CST

Dreyfus
DWS
Federated
First American
Goldman Sachs
HSBC

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

JP Morgan
Morgan Stanley
State StreetUBS
Wells Fargo
Fund closing times are subject to change.

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

5/31/21
ClosedClosedClosedClosedClosedClosed
ClosedClosedClosedClosedClosedClosedFor questions or further information: please contact CME Clearing at 312.207.2525 or CME Clearing Banking andCollateral Team at 312.207.2594.