SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-367

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

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 08/21/23 Filing Description: Weekly Notification of 

Amendments Related to Product Terms and Conditions - Week of August 14, 2023

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

August 21, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

Re: CFTC Regulation 40.6(d) Notification. Chicago Mercantile Exchange Inc. (“CME” or 

“Exchange”) Weekly Notification of Amendments Related to Product Terms and 

Conditions.

CME Submission No. 23-367

Dear Mr. Kirkpatrick:

Pursuant to Commodity Futures Trading Commission (“CFTC” or “Commission”) Regulation 40.6(d), the 

Exchange submits this weekly notification of the following amendments related to product terms and 

conditions effective during the week of August 14, 2023.

Effective Sunday, August 13, 2023 for trade date Monday, August 14, 2023, the Exchange amended Rule 

259A01.J.4. (“Dynamically-Listed Exercise Prices”) of the Monthly and Weekly Friday South African 

Rand/U.S. Dollar (ZAR/USD) options contracts to reduce the dynamically-listed strike increment of the 

Contracts for trading on the CME Globex electronic trading platform and for submission of clearing via CME 

ClearPort. Specifically, the Exchange implemented amendments to CME Rule 259A01.J.4 of CME Chapter 

259A (“Options on South African Rand/U.S. Dollar (ZAR/USD) Futures”) to reduce the dynamic strike 

increment both within the listed range as well as outside the range for the Contracts (collectively, the “Rule 

Amendments”). The marketplace was alerted of the Rule Amendments via SER 9217, which is attached 

hereto as Exhibit A.

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: Exhibit A – SER 9217
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Exhibit A

Special Executive Report

DATE: July 18, 2023

SER#: 9217

SUBJECT: Reduction of the Dynamically-Listed Strike Increment for Monthly and 

Weekly Friday South African Rand/U.S. Dollar (ZAR/USD) Options 

Contracts

Effective Sunday, August 13, 2023 for trade date Monday, August 14, 2023, Chicago Mercantile Exchange 

Inc. (“CME” or “Exchange”) will amend Rule 259A01.J.4. (“Dynamically-Listed Exercise Prices”) of the 

Monthly and Weekly Friday South African Rand/U.S. Dollar (ZAR/USD) options contracts (the “Contracts”) 

to reduce the dynamically-listed strike increment of the Contracts for trading on the CME Globex electronic 

trading platform (“CME Globex”) and for submission of clearing via CME ClearPort.

CME Globex

and

CME ClearPort

Code

Contract Title Rulebook Chapter

RA ZAR/USD Monthly Options 259A

1N-5N ZAR/USD Weekly Friday Options 259A

Specifically, the Exchange is implementing amendments to CME Rule 259A01.J.4 of CME Chapter 259A 

(“Options on South African Rand/U.S. Dollar (ZAR/USD) Futures”) to reduce the dynamic strike increment 

both within the listed range as well as outside the range for the Contracts (collectively, the “Rule 

Amendments”).

Market participants may request additional strike prices for trading on CME Globex or for submission of 

clearing via CME ClearPort. These additional strikes are added on an “as soon as possible” basis.

Exhibit A below provides the Rule Amendments in blackline format.

The CFTC will be notified of the Rule Amendments during the week of August 21, 2023, via the weekly 

notification procedures set forth in Part 40 of the CFTC Regulations.

Please direct questions regarding this notice to:

Asia

Shereen Lewejohann +65 6593 5544 Shereen.Lewejohann@cmegroup.com

Europe

Phil Hermon +44 20 3379 3983 Phil.Hermon@cmegroup.com

Paul Houston +44 20 3379 3355 Paul.Houston@cmegroup.com

Chris Povey +44 20 3379 3080 Chris.Povey@cmegroup.com

U.S.

Emerson Eckhout +1 312 435 3781 Emerson.Eckhout@cmegroup.com

Sebastian Sierotnik +1 312 930 1312 Sebastian.Sierotnik@cmegroup.com
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Exhibit A

CME Rulebook

(deletions struck through, additions underlined)

Chapter 259A

Options on South African Rand/U.S. Dollar (ZAR/USD) Futures

***

259A01. OPTION CHARACTERISTICS

***

259A01.J. Exercise Prices and Listing of Exercise Prices

***

4. Dynamically-Listed Exercise Prices. 

Upon demand and at the discretion of the Exchange, new out-of-current-range exercise prices at regularly 

defined $0.0001 per South African rand intervals may be added for trading on as soon as possible basis.

[End of Rule]