SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-369

Organization: Chicago Mercantile Exchange Inc. (“CME”)

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 09/15/23 Filing Description: Expansion of Listing Schedule of the 

€STR Futures and €STR Three-Month Single Contract Basis Spread Futures Contracts

SPECIFY FILING TYPE 

Please note only ONE choice allowed per Submission.

Organization Rules and Rule Amendments

Certification § 40.6(a)

Approval § 40.5(a)

Notification § 40.6(d)

Advance Notice of SIDCO Rule Change § 40.10(a)

SIDCO Emergency Rule Change § 40.10(h)

Rule Numbers: 

New Product Please note only ONE product per Submission.

Certification § 40.2(a) 

Certification Security Futures § 41.23(a)

Certification Swap Class § 40.2(d)

Approval § 40.3(a)

Approval Security Futures § 41.23(b)

Novel Derivative Product Notification § 40.12(a)

Swap Submission § 39.5

Product Terms and Conditions (product related Rules and Rule Amendments)

Certification § 40.6(a) 

Certification Made Available to Trade Determination § 40.6(a)

Certification Security Futures § 41.24(a)

Delisting (No Open Interest) § 40.6(a) 

Approval § 40.5(a)

Approval Made Available to Trade Determination § 40.5(a)

Approval Security Futures § 41.24(c)

Approval Amendments to enumerated agricultural products § 40.4(a), § 40.5(a)

“Non-Material Agricultural Rule Change” § 40.4(b)(5)

Notification § 40.6(d)

Official Name(s) of Product(s) Affected: See filing.

Rule Numbers: CME Chapter 480 and 481.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

1

Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

September 15, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

3 Lafayette Center

1155 21st Street NW

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification. Expansion of Listing Schedule of the €STR 

Futures and €STR Three-Month Single Contract Basis Spread Futures Contracts.

CME Submission No. 23-369

Dear Mr. Kirkpatrick:

Chicago Mercantile Exchange Inc. (“CME” or “Exchanges”) certifies to the Commodity Futures Trading Commission 

(“CFTC” or “Commission”) the expansion of the listing schedules of the Euro Short-Term Rate (€STR) Futures and 

Euro Short-Term Rate (€STR) – Three-Month Single Contract Basis Spread Futures contracts (the “Contracts”) for 

trading on the CME Globex electronic trading platform (“CME Globex”) and for submission for clearing via CME 

ClearPort as noted in the table below effective Sunday, October 15, 2023, for trade date Monday, October 16, 2023. 

Contract Title Commodity 

Code

Rulebook 

Chapter

Current

Listing Schedule

Expanded

Listing Schedule

Euro Short-Term Rate (€STR) 

Futures ESR 480

Quarterly contracts (Mar, 

Jun, Sep, Dec) listed for 8 

consecutive quarters, 

serial contracts listed for 2 

months, and 3 contracts in 

the accrual period

Quarterly contracts (Mar, 

Jun, Sep, Dec) listed for 12

consecutive quarters, serial 

contracts listed for 2 

months, and 3 contracts in 

the accrual period

Euro Short-Term Rate (€STR) –

Three-Month Single Contract 

Basis Spread Futures

EUS 481

Quarterly contracts (Mar, 

Jun, Sep, Dec) listed for 8 

consecutive quarters and 

serial contracts listed for 2 

months

Quarterly contracts (Mar, 

Jun, Sep, Dec) listed for 12

consecutive quarters and

serial contracts listed for 2 

months

The listing schedule of the Contracts currently provide that quarterly contracts will be listed for 8 consecutive quarters.

Effective on trade date October 16, 2023, the Exchange will expand the listing schedule of the Contracts to 12 

consecutive quarters. This listing of serial month contracts and contracts in the accrual period, where applicable, will 

remain unchanged. 

The Exchange reviewed the designated contract market core principles (“Core Principles”) as set forth in the 

Commodity Exchange Act (“CEA” or “Act”) and identified that the Rule Amendments may have some bearing on the 

following Core Principles: 

• Daily Publication of Trading Information: CME will continue to publish contract trading volumes, open 

interest levels, and price information daily on its website.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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• Execution of Transactions: The Exchange will continue to provide a competitive, open, and efficient market 

and mechanism for executing transactions that protects the price discovery process of trading the Contract.

• Availability of General Information: The Exchange will release a Special Executive Report (“SER”)

regarding the Rule Amendments to ensure notification to market participants. The SER will also be posted on 

the CME Group website.

Pursuant to Section 5c(c) of the Act and Regulation 40.6(a), the Exchange certifies that the Rule Amendments comply 

with the Act, including all regulations thereunder. There were no substantive opposing views to this proposal.

The Exchange certifies that this submission has been concurrently posted on the Exchange’s website at 

http://www.cmegroup.com/market-regulation/rule-fillings.html.

Should you have any questions concerning the above, please contact the undersigned at (212) 299-2200 or 

CMEGSubmissionInquiry@cmegroup.com. 

 

Sincerely,

 /s/ Christopher Bowen

 Managing Director and Chief Regulatory Counsel