SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested

Registered Entity Identifier Code (optional): 15-194

Organization: Chicago Mercantile Exchange Inc. ("CME")

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): June 1, 2015 Filing Description: 40.4(b)(5) Request for NonMaterial Agricultural Rule Change Regarding Delivery Procedures for Live Cattle 

Futures

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

Official Product Name: 

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: CME Live Cattle Futures

Rule Numbers: 10104.C.2 and 10104.F.1
1 North End Avenue New York, NY 10282 T 212 299 2200 F 212 299 2299 christopher.bowen@cmegroup.com cmegroup.com

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Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

June 1, 2015

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

Re: CFTC Regulation 40.4(b)(5) Request for Non-Material Agricultural Rule Change. 

Delivery Procedures for Live Cattle Futures.

CME Submission No. 15-194

Dear Mr. Kirkpatrick:

Pursuant to Commodity Futures Trading Commission (“CFTC” or “Commission”) Regulation 40.4(b)(5), 

Chicago Mercantile Exchange Inc. (“CME” or “Exchange”) is requesting a determination of non-materiality 

for amendments to the rules for submitting Demand Notices used in the assignment of delivery intentions 

for live cattle in connection with its Live Cattle Futures contract (Rulebook chapter: 101; Clearing Code: 

LC; CME Open Outcry Code: LC; CME Globex Code: LE; CME ClearPort Code: 48). The proposed 

effective date is Tuesday, June 16, 2015. The amendments shall apply to all contract months beginning 

with the August 2015 contract, which is currently listed.

In an earlier submission (CME Submission No. 14-071R dated February 28, 2014), CME self-certified 

amendments to the rules of the Live Cattle Futures contract that allowed for delivery of heifers, in addition 

to steers beginning with the August 2015 contract month which was listed on March 17, 2014. The rule 

amendments required short position holders submitting delivery intentions to specify whether steers or 

heifers are to be delivered. In order to clearly assign those intentions to any long position holders that 

might demand them, the proposed delivery procedures amendment reflects that the gender of the cattle

must be specified on Demand Notices. The proposed rule change is non-material because it applies only 

to the content of the Demand Notice and not whether heifers or steers are eligible for delivery.

The amended rules are provided in Appendix A in blackline format.

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

the Commodity Exchange Act (“CEA” or “Act”) and identified the following Core Principle as potentially 

being impacted: 

• Availability of General Information: The Exchange shall publish on its website information in 

regard to futures contract specifications, terms and conditions, and any changes to the delivery 

procedures.

Pursuant to Section 5c(c) of the Act and CFTC Regulation 40.4(b)(5), the Exchange hereby certifies that 

the amendments comply with the Act, including regulations under the Act. 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-filings.html.
1 North End Avenue New York, NY 10282 T 212 299 2200 F 212 299 2299 christopher.bowen@cmegroup.com cmegroup.com

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

or via e-mail at CMEGSubmissionInquiry@cmegroup.com.

Sincerely,

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachment: Appendix A – CME Rulebook Chapter 101 (blackline format)
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Appendix A

CME Rulebook

Chapter 101

Live Cattle Futures

(additions are underscored)

FOR ALL CONTRACT MONTHS BEGINNING WITH AUGUST 2015 

10104. PROCEDURES FOR TENDER, DEMAND, RETENDER, RECLAIM, AND ASSIGNMENT OF 

CERTIFICATES OF DELIVERY 

10104.C. Demand Notice 

A clearing member representing a long may present a Demand Notice for the purpose of securing priority 

in the assignment of a Certificate of Delivery. The following rules govern Demand Notices:

1. The Demand Notice shall be presented to the Clearing House (on a form prescribed by the Clearing 

House) by 5:00 p.m. on any Business Day on which Certificates are tendered or retendered. 

2. The Demand Notice shall specify: the date the long position was established, the buyer's choice (if any) 

for delivery points, the buyer's choice (if any) for the gender of the cattle and the minimum amount of 

accrued retender changes acceptable to the buyer. 

3. A Certificate assigned to a Demand Notice may not be retendered. 

4. A Demand Notice which is not assigned a Certificate on the day of presentment is void.

10104.F. Assignment of Certificates 

The Clearing House shall assign Certificates and notify the clearing member representing the long on the 

day of tender or retender. Assignments shall be made in the following order: 

1. Newly-tendered Certificates and retendered Certificates shall be assigned to Demand Notices which 

specify delivery points, gender and retender charges which match those of the Certificate. In the case of 

duplication, the Certificate shall be assigned to the Demand Notice submitted by the long with the oldest 

long position. In the case of Demand Notices with long positions established on the same date, the time 

the Demand Notice was submitted to the Clearing House will determine priority. 

2. Retendered Certificates which have not been assigned to Demand Notices will be assigned to Reclaim 

Notices, if any. 

3. Retendered Certificates and newly-tendered Certificates which have not been demanded or reclaimed 

will be assigned to long positions by matching the Certificates having the largest retender charges with 

the oldest long positions.