SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 22-314 (1 of 2)

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

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 07/20/22 Filing Description: Elimination of Rule XXX 

(“Corrections to Options Exercises”) from Certain CME & CBOT Option Product Rulebook 

Chapters to Delete Obsolete References

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: See filing.
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

July 20, 2022

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. Elimination of Rule XXX (“Corrections to 

Options Exercises”) from Certain CME & CBOT Option Product Rulebook Chapters 

to Delete Obsolete References. 

CME Submission No. 22-314 (1 of 2)

Dear Mr. Kirkpatrick:

Chicago Mercantile Exchange Inc. (“CME”) and The Board of Trade of the City of Chicago, Inc. (“CBOT”) 

(collectively, the “Exchanges”) certify to the Commodity Futures Trading Commission (“CFTC” or 

“Commission”) the elimination of Rule XXX (“Corrections to Options Exercises”) from certain CME and 

CBOT option product rulebook chapters as listed in the table below (the “Contracts”) effective Monday, 

August 8, 2022 (collectively, the “Rule Amendments”). 

Contract Title Rulebook Chapter

CME Globex

and

CME ClearPort Code

CBOT

Options on Corn Futures 10A C; PY1; PY2; PY3; PY4; PY5; CDF

Corn Calendar Spread Options 10J PYC; CCZ; 8CC; CC6; 3CC; 7CC

Wheat-Corn Intercommodity Spread Options 10N XCW

Options on Soybean Futures 11A SDF; S; CZ1; CZ2; CZ3; CZ4; CZ5

Soybean Board Crush Spread Options 11C 31

Soybean Calendar Spread Options 11E

SC4; ZSC; S8C; KSC; SC1; SC5; KSH; 

SC0; C7S; ZSC; SX9; SC3; SCX

Options on Soybean Oil Futures 12A LDF; 07; OZ1; OZ2; OZ3; OZ4; OZ5

Soybean Oil Calendar Spread Options 12B OC4; OC3; CO6; COY; OC5

Options on Soybean Meal Futures 13A ODF; 06; MZ1; MZ2; MZ3; MZ4; MZ5

Soybean Meal Calendar Spread Options 13B SM4; SM3; SM6; MYC; SM5

Options on Wheat Futures 14A WDF; W; WZ1; WZ2; WZ3; WZ4; WZ5

Wheat Calendar Spread Options 14D WCZ; CW6; CWM; CWN; CW3; WZC

KC HRW Wheat-Wheat Intercommodity Spread 

Options

14G KCW

Options on KC HRW Wheat Futures 14L OK1; OK2; OK3; OK4; OK5; KW; KWO
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

2

Wheat Calendar Spread Options 14M K7C; KCZ; CK6; CKM; CKN; KC3

Options on Oat Futures 15A O

Standard Options on Denatured Fuel Ethanol 

Futures

16A EH

Options on Rough Rice Futures 17A 14

Standard Options on U.S. Treasury Bond Futures 18A

17; WB1; WB2; WB3; WB4; WB5; US1; 

US2; US3; US4; US5

Standard Options on Long-Term U.S. Treasury 

Note Futures

19A

WY1; WY2; WY3; WY4; WY5; TY1; TY2; 

TY3; TY4; TY5; 21

Standard Options on Medium-Term U.S. Treasury 

Note Futures

20A

WF1; WF2; WF3; WF4; WF5; FV1; FV2; 

FV3; FV4; FV5; 25

Standard Options on Short-Term U.S. Treasury 

Note Futures

21A

WT1; WT2; WT3; WT4; WT5; TW1; TW2; 

TW3; TW4; TW5; 26

Standard Options on 30-Day Federal Funds 

Futures

22A FF1; FF6; 41

Standard Options on 10-Year U.S. Treasury Note 

Futures

26A

TN1; TN2; TN3; TN4; TN5; TN; WX1; 

WX2; WX3; WX4; WX5

CBOT E-mini Dow Jones Industrial Average Index 

($5 Multiplier) Futures Options

27A EYM; YM; YM1; YM2; YM3; YM4

Standard Options on Long-Term U.S. Treasury 

Bond Futures

40A

WU1; WU2; WU3; WU4; WU5; UL1; UL2; 

UL3; UL4; UL5; UBE

CME

Options on Yen Denominated Nikkei Stock 

Average Futures

352C NKW; NKY

Options on Micro E-mini Standard and Poor’s 500 

Stock Price Index Futures

353A MES; EX; EX1; EX2; EX3; EX4

Options on E-mini Standard and Poor's 500 Stock 

Price Index Futures

358A

ES; EW; EYC; E1A; E2A; E3A; E4A; E5A; 

EW1; EW2; EW3; EW4; E1D; E2D; E3D; 

E4D; E5D; E1B; E2B; E3B; E4B; E5B; 

E1C; E2C; E3C; E4C; E5C

Options on E-mini Nasdaq 100 Index Futures 359A

NQ; QNE; Q1A; Q2A; Q3A; Q4A; Q5A; 

QN1; QN2; QN3; QN4; Q1C; Q2C; Q3C; 

Q4C; Q5C

Options on Micro E-mini Nasdaq-100 Index® 

Futures

361A MNQ; MQE; MQ1; MQ; MQ3; MQ4

Options on E-mini® Russell 2000® Index Futures 393A

RTO; R1E; R2E; R3E; R4E; R1A; R2A; 

R3A; R4A; R5A; R1C; R2C; R3C; R4C; 

R5C; RTM

Options on Three-Month Eurodollar Futures 452A

TE2; TE3; TE4; E5; E4; E0; ED; E3; E2; 

1K; 2K; 3K; 4K; 5K; EF1; EF2; EF3; EF4; 

EF5; EE1; EE2; EE3; EE4; EE5

Options on Three-Month Eurodollar Futures 

Calendar Spreads

452D SPO
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

3

Options on Three-Month SOFR Futures 460A

SR3; TS2; TS3; TS4; S0; S01; S02; S03; 

S04; S05; S2; S21; S22; S23; S24; S25; 

S3; S31; S32; S33; S34; S35; S4; S5

Options on One-Month SOFR Futures 461A SR1

The Exchanges are implementing the Rule Amendments to remove obsolete references in certain CME 

and CBOT option product chapters. CME Group’s long-standing policy regarding corrections to CME, 

CBOT, New York Mercantile Exchange, Inc. (“NYMEX”) and Commodity Exchange, Inc. (“COMEX”) option 

exercise instructions will also be posted on the CME Group website.

Appendix A below provides the Rule Amendments in blackline format. 

The Exchanges 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: 

Availability of General Information: The Exchanges will amend the online rulebooks accordingly 

on the effective date which is publicly available on the CME Group website.

Daily Publication of Trading Information: The Exchanges will continue to publish contract trading 

volumes, open interest levels, and price information daily on its website and through quote vendors 

for the Contracts.

Prevention of Market Disruption: Trading in the Contracts will continue to be subject to the rules 

of the Exchanges, which include prohibitions on manipulation, price distortion, and disruption to the 

cash settlement process.

Compliance with Rules: The Exchanges will continue its normal practice to establish, monitor, 

and enforce compliance with the rules of the Contracts. 

Pursuant to Section 5c(c) of the Act and Regulation 40.6(a), the Exchanges certify that the Rule 

Amendments comply with the Act, including all regulations thereunder. There were no substantive 

opposing views to this proposal.

The Exchanges certify that this submission has been concurrently posted on the Exchanges’ 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

Attachments: Appendix A CBOT Rulebook Chapters 10A, 10J, 10N, 11A, 11C, 11E, 12A, 12B, 

13A, 13B, 14A, 14D, 14G, 14L, 14M, 15A, 16A, 17A, 18A, 19A, 20A, 

21A, 22A, 26A, 27A, 40A and CME Rulebook Chapters 352C, 353A, 

358A, 359A, 361A, 393A, 452A, 452D, 460A, 461A (blackline 

format)
4

Appendix A

CBOT Rulebook

(additions underscored; deletions struck through)

Chapter 10A

Options on Corn Futures

***

10A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 10J

Corn Calendar Spread Options 

***

10J04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 10N

Wheat-Corn Intercommodity Spread Options

***

10N04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]
5

Chapter 11A

Options on Soybean Futures

***

11A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 11C

Soybean Board Crush Spread Options

***

11C04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 11E

Soybean Calendar Spread Options

***

11E04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 12A

Options on Soybean Oil Futures

***

12A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 
6

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final. 

[End of Chapter.]

Chapter 12B

Soybean Oil Calendar Spread Options

***

12B04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 13A

Options on Soybean Meal Futures

***

13A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 13B

Soybean Meal Calendar Spread Options

***

13B04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]
7

Chapter 14A

Options on Wheat Futures

***

14A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 14D

Wheat Calendar Spread Options

***

14D04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 14G

KC HRW Wheat-Wheat Intercommodity Spread Options

***

14G04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 14L

Options on KC HRW Wheat Futures

***

14L04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 
8

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 14M

Wheat Calendar Spread Options

***

14M04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 15A

Options on Oat Futures

***

15A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 16A

Standard Options on Denatured Fuel Ethanol Futures

***

16A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final. 

[End of Chapter.]
9

Chapter 17A

Options on Rough Rice Futures

***

17A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 18A

Standard Options on U.S. Treasury Bond Futures

***

18A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 19A

Standard Options on Long-Term U.S. Treasury Note Futures

***

19A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final."

[End of Chapter.]

Chapter 20A

Standard Options on Medium-Term U.S. Treasury Note Futures

***

20A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 
10

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 21A

Standard Options on Short-Term U.S. Treasury Note Futures

***

21A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 22A

Standard Options on 30-Day Federal Funds Futures

***

22A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 26A

Standard Options on 10-Year U.S. Treasury Note Futures

***

26A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final."

[End of Chapter.]
11

Chapter 27A

CBOT E-mini Dow Jones Industrial Average Index ($5 Multiplier) Futures Options

***

27A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and 

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final."

[End of Chapter.]

Chapter 40A

Standard Options on Long-Term U.S. Treasury Bond Futures

***

40A04. CORRECTIONS TO OPTIONS EXERCISES [RESERVED]

Corrections to option exercises, including automatic exercises, may be accepted by the Clearing 

House after the 5:30 p.m. deadline and up to the beginning of final option expiration processing 

provided that such corrections are necessary due to: (1) a bona fide clerical error, (2) an unreconciled 

Exchange option transaction(s), or (3) an extraordinary circumstance where the clearing firm and

customer are unable to communicate final option exercise instructions prior to the deadline. The 

decision as to whether a correction is acceptable will be made by the President of the Clearing House, 

or the President’s designee, and such decision will be final.

[End of Chapter.]

CME Rulebook

(additions underscored; deletions struck through)

Chapter 352C

Options on Yen Denominated Nikkei Stock Average Futures

***

352C02. EXERCISE AND ASSIGNMENT

In addition to the applicable procedures and requirements of Chapter 7, the following shall apply to the 

exercise of options on Yen Denominated Nikkei Stock Average futures.

352C02.A. Exercise of Option by Buyer

352C02.A.1 Options in the March Quarterly Cycle

An option may be exercised by the buyer on any Business Day leading up to and including the day of 

determination of the Final Settlement Price of the underlying futures contract. To exercise an option the 

clearing member representing the buyer shall present an exercise notice to the Clearing House by 5:30 

p.m. on the day of exercise.

An option in the March quarterly cycle that is in the money and has not been liquidated or exercised prior 

to the termination of trading shall, in the absence of contrary instructions delivered to the Clearing House 

by 5:30 p.m. on the day of determination of the Final Settlement Price by the clearing member 
12

representing the option buyer, be exercised automatically. 

Corrections to option exercises may be accepted by the Clearing House after the 5:30 p.m. deadline and 

up to the beginning of final option expiration processing provided that such corrections are necessary due 

to; (1) a bona fide clerical error, (2) an unreconciled Exchange option transaction(s), or (3) an 

extraordinary circumstance where the clearing firm and customer are unable to communicate final option 

exercise instructions prior to the deadline. The decision whether a correction is acceptable will be made 

by the President of the Clearing House, or the President's designee, and such decision will be final. 

[End of Chapter.]

Chapter 353A

Options on Micro E-mini Standard and Poor’s 500 Stock Price Index Futures

***

353A04. CORRECTIONS TO OPTION EXERCISES [RESERVED]

Corrections to option exercises may be accepted by the Clearing House after 5.30 p.m. and up to the 

beginning of final option expiration processing (in accord with Rule 353A02.A.), provided that such 

corrections are necessary due to: (1) a bona fide clerical error, (2) unreconciled Exchange option 

transaction(s), or (3) an extraordinary circumstance where the clearing firm and customer are unable to 

communicate final option exercise instructions prior to 5.30 p.m. The decision as to whether a correction 

is acceptable will be made by the President of the Clearing House, or the President’s designee, and such 

decision will be final.

[End of Chapter.]

Chapter 358A

Options on E-mini Standard and Poor's 500 Stock Price Index Futures

***

358A04. CORRECTIONS TO OPTION EXERCISES [RESERVED]

Corrections to option exercises may be accepted by the Clearing House after 7:00 p.m. and up to the 

beginning of final option expiration processing (in accord with Rules 358A02.A.), provided that such 

corrections are necessary due to: (1) a bona fide clerical error, (2) unreconciled Exchange option 

transaction(s), or (3) an extraordinary circumstance where the clearing firm and customer are unable to 

communicate final option exercise instructions prior to 7:00 p.m. The decision as to whether a correction 

is acceptable will be made by the President of the Clearing House, or the President’s designee, and such 

decision will be final.

[End of Chapter.]

Chapter 359A

Options on E-mini Nasdaq 100 Index Futures

***

359A04. CORRECTIONS TO OPTION EXERCISES [RESERVED]

Corrections to option exercises may be accepted by the Clearing House after 5:30 p.m. and up to the 

beginning of final option expiration processing (in accord with Rules 359A02.A.), provided that such 

corrections are necessary due to: (1) a bona fide clerical error, (2) unreconciled Exchange option 

transaction(s), or (3) an extraordinary circumstance where the clearing firm and customer are unable to 

communicate final option exercise instructions prior to 5:30 p.m. The decision as to whether a correction 

is acceptable will be made by the President of the Clearing House, or the President’s designee, and such 

decision will be final.
13

[End of Chapter.]

Chapter 361A

Options on Micro E-mini Nasdaq-100 Index® Futures

***

361A04. CORRECTIONS TO OPTION EXERCISES [RESERVED]

Corrections to option exercises may be accepted by the Clearing House after 5:30 p.m. and up to the 

beginning of final option expiration processing (in accord with Rule 361A02.A.), provided that such 

corrections are necessary due to: (1) a bona fide clerical error, (2) unreconciled Exchange option 

transaction(s), or (3) an extraordinary circumstance where the clearing firm and customer are unable to 

communicate final option exercise instructions prior to 5:30 p.m. The decision as to whether a correction 

is acceptable will be made by the President of the Clearing House, or the President’s designee, and such 

decision will be final.

[End of Chapter.]

Chapter 393A

Options on E-mini® Russell 2000® Index Futures

***

393A04. CORRECTIONS TO OPTION EXERCISES [RESERVED]

Corrections to option exercises may be accepted by the Clearing House after 5:30 p.m. and up to the 

beginning of final option expiration processing (in accord with Rules 393A02.A.), provided that such 

corrections are necessary due to: (1) a bona fide clerical error, (2) unreconciled Exchange option 

transaction(s), or (3) an extraordinary circumstance where the clearing firm and customer are unable to 

communicate final option exercise instructions prior to 5:30 p.m. The decision as to whether a correction 

is acceptable will be made by the President of the Clearing House, or the President’s designee, and such 

decision will be final. 

[End of Chapter.]

Chapter 452A

Options on Three-Month Eurodollar Futures

***

452A02. EXERCISE AND ASSIGNMENT

In addition to the applicable procedures and requirements of Chapter 7, the following shall apply to the 

exercise of Eurodollar options.

452A02.A. Exercise of Option by Buyer

An option may be exercised by the buyer on any Business Day that the option is traded. To exercise 

an option, the clearing member representing the buyer shall present an exercise notice to the Clearing 

House by 5:30 p.m. on the day of exercise.

An option that is in the money and has not been liquidated or exercised prior to the termination of 

trading in such option shall be exercised automatically, in the absence of contrary instructions delivered 

to the Clearing House no later than 5:30 p.m. on the last day of trading by the clearing member 

representing the option buyer. An option is in the money if the settlement price of the underlying futures 

contract at the termination of trading lies above the exercise price in the case of a call, or lies below 

the exercise price in the case of a put.

Corrections to option exercises may be accepted by the Clearing House after the 5:30 p.m. deadline 

and up to the beginning of final option expiration processing, provided that such corrections are 

necessary due to; (1) a bona fide clerical error, (2) an unreconciled Exchange option transaction(s), or 

(3) an extraordinary circumstance where the clearing firm and customer are unable to communicate 
14

final option exercise instructions prior to the deadline. The decision whether a correction is acceptable 

will be made by the President of the Clearing House, or the President's designee, and such decision 

will be final.

 [End of Chapter.]

Chapter 452D

Options on Three-Month Eurodollar Futures Calendar Spreads

***

452D02.A. Exercise of Option by Buyer

An option may be exercised by the buyer on any Business Day that the option is traded. To exercise an 

option, the clearing member representing the buyer shall present an exercise notice to the Clearing House 

by 5:30 p.m. on the day of exercise.

An option that is in-the-money and has not been liquidated or exercised prior to the termination of trading 

shall, in the absence of contrary instructions delivered to the Clearing House by 5:30 p.m. on the day of 

expiration by the clearing member representing the option buyer, be exercised automatically.

Corrections to option exercises may be accepted by the Clearing House after 5:30 p.m. deadline and up 

to the beginning of final option expiration processing provided that such corrections are necessary due 

to: (1) a bona fide clerical error, (2) an unreconciled Exchange option transaction(s), or (3) an 

extraordinary circumstance where the clearing firm and customer are unable to communicate final option 

exercise instruction prior to the deadline.

The decision whether a correction is acceptable will be made by the President of the Clearing House, or 

the President’s designee, and such decision will be final.

[End of Chapter.]

Chapter 460A

Options on Three-Month SOFR Futures

***

460A02. EXERCISE AND ASSIGNMENT

In addition to the applicable procedures and requirements of Chapter 7, the following shall apply to 

the exercise of SOFR options.

460A02.A. Exercise of Option by Buyer

An option may be exercised by the buyer on any Business Day that the option is traded. To exercise 

an option, the clearing member representing the buyer shall present an exercise notice to the 

Clearing House by 5:30 p.m. on the day of exercise.

An option that is in the money and has not been liquidated or exercised prior to the termination of 

trading in such option shall be exercised automatically, in the absence of contrary instructions 

delivered to the Clearing House no later than 5:30 p.m. on the last day of trading by the clearing 

member representing the option buyer. An option is in the money if the settlement price of the 

underlying futures contract at the termination of trading lies strictly above the exercise price in the 

case of a call, or lies strictly below the exercise price in the case of a put.

Corrections to option exercises may be accepted by the Clearing House after the 5:30 p.m. deadline 

and up to the beginning of final option expiration processing, provided that such corrections are 

necessary due to: (1) a bona fide clerical error, (2) unreconciled Exchange option transactions, or (3) 

an extraordinary circumstance in which the clearing firm and customer are unable to communicate 

final option exercise instructions prior to the deadline. The decision whether a correction is acceptable 

will be made by the President of the Clearing House, or the President's designee, and such decision

will be final.
15

[End of Chapter.]

Chapter 461A

Options on One-Month SOFR Futures

***

461A02. EXERCISE AND ASSIGNMENT

In addition to the applicable procedures and requirements of Chapter 7, the following shall apply to 

the exercise of SOFR options.

461A02.A. Exercise of Option by Buyer

An option may be exercised by the buyer on any Business Day that the option is traded. To exercise 

an option, the clearing member representing the buyer shall present an exercise notice to the 

Clearing House by 5:30 p.m. on the day of exercise.

An option that is in the money and has not been liquidated or exercised prior to the termination of 

trading in such option shall be exercised automatically, in the absence of contrary instructions 

delivered to the Clearing House no later than 5:30 p.m. on the last day of trading by the clearing 

member representing the option buyer. An option is in the money if the settlement price of the 

underlying futures contract at the termination of trading lies above the exercise price in the case of a 

call, or lies below the exercise price in the case of a put.

Corrections to option exercises may be accepted by the Clearing House after the 5:30 p.m. deadline 

and up to the beginning of final option expiration processing, provided that such corrections are 

necessary due to; (1) a bona fide clerical error, (2) an unreconciled Exchange option transaction(s), 

or (3) an extraordinary circumstance where the clearing firm and customer are unable to 

communicate final option exercise instructions prior to the deadline. The decision whether a 

correction is acceptable will be made by the President of the Clearing House, or the President's 

designee, and such decision will be final.

[End of Chapter.]