New York Mercantile Exchange, Inc., announced a complete trading and processing schedule for Thanksgiving, Christmas, and New Year's Eve 2007 and New Year's Day 2008 (all in Eastern time):
Thanksgiving Holiday Schedule
Wednesday, November 21
-- Normal floor closing for all NYMEX and COMEX products (Not an early closing day).
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort trading and clearing, including DME Direct, will be open until 5:15 PM (for November 21 trade date).
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct) will re-open for trading/trade submission at 6:00 PM (for November 23 trade date).
-- Large trader reporting for DME for the November 21 trade date for any clearing members holding DME positions will be due by midnight.
Thursday, November 22 (Thanksgiving Day)
-- DME intraday settlement price to be published at normal time of 4:30 AM for November 22 calendar date. No post-close settlement will be published.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will be open for trading/trade submission until 5:15 PM (for November 23 trade date).
-- NYMEX Softs TAS products (CJT, KTT, TTT, YOT) will be unavailable for trading on CME Globex.All other TAS products will follow the normal schedule.
-- NYMEX/COMEX trading floors will be closed.
-- NYMEX cleared trades API will be available.
-- Markets will not be settled and final settlements will not be published, as November 22 is not a trade date or processing date.
-- NYMEX intraday files will not be produced, no clearing will occur, and no clearing functionality will be available.
-- Daily SPAN and erosion (NERC Holiday) files will not be produced.
-- Options can not be exercised.
-- There will not be any allocation of energy and metal deliveries or delivery notices and related forms will not be accepted.
-- First normal intraday file generated on calendar date November 23 will contain trades from calendar date November 22.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will re-open for trading/trade submission at 6:00 PM (for November 23 trade date).
Friday, November 23
-- Early floor closing for all products (NYMEX 1:30 PM/COMEX 12:30 PM).
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will open for trading/trade submission until 5:15 PM (for November 23 trade date).
-- NYMEX energy TAS products (CLT, NGT, RBT, HOT, RET, LUT, LRT) close at 1:30 PM on CME Globex.NYMEX Softs TAS products (CJT, KTT, TTT, YOT) will not be available for trading.NYMEX Brent TAS products (BZT, BBT) will follow the normal schedule.
-- Banking for November 21 clearing cycle will occur.
-- Large trader reporting for November 21 trade date for any clearing members not holding DME positions due by 8:00 AM.
-- Normal erosion for electricity products will occur.Since November 22 is a NERC holiday, "double erosion" is not necessary.
-- All normal clearing and trade management functionality will be available.
Christmas Holiday Schedule
Monday, December 24 (Christmas Eve)
-- Early floor closing for all products (NYMEX 1:30 PM/COMEX 12:30 PM).
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will be open until 5:15 PM.Electronic markets will not reopen for overnight session.
-- NYMEX energy TAS products (CLT, NGT, RBT, HOT, RET, LUT, LRT) close at 1:30 PM on CME Globex.All other TAS products follow normal schedule.
-- Large trader reporting for DME for the December 24 trade date will be due by midnight for any clearing members holding DME positions.
Tuesday, December 25 (Christmas Day)
-- No DME intraday settlement price or post-close settlement will be published.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will be closed.
-- NYMEX/COMEX trading floors will be closed.
-- No clearing functionality will be available.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will open for trading/trade submission at 6:00 PM (for December 26 trade date).
Wednesday, December 26, 2007
-- Normal schedule resumes for all systems and products.
-- Banking for December 24 clearing cycle will occur.
-- Large trader reporting (NYMEX/COMEX) for December 24 trade date will be due by 8:00 AM for any clearing members not holding DME positions.
-- Normal erosion for electricity products will occur.Since December 25 is a NERC holiday, "double erosion" is not necessary.
New Years Holiday Schedule
Monday, December 31 (New Years Eve)
-- Normal floor closing for all NYMEX and COMEX products (Not an early closing day).
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will be open until 5:15 PM.Electronic markets will not reopen for overnight session.
-- NYMEX Brent TAS products (BZT, BBT) close at 1:00 PM on CME Globex. All other TAS products will follow the normal schedule.
-- Large trader reporting for DME for the December 31 trade date will be due by midnight for any clearing members holding DME positions.
Tuesday, January 1 (New Years Day)
-- No DME intraday settlement price or post-close settlement will be published.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will be closed.
-- NYMEX/COMEX trading floors will be closed.
-- No clearing functionality will be available.
-- NYMEX/COMEX products on CME Globex, NYMEX ClearPort, and DME Direct will open for trading/trade submission at 6:00 PM (for January 2 trade date).
Wednesday, January 2
-- Normal schedule resumes for all systems and products.
-- Banking for December 31 clearing cycle will occur.
-- Large trader reporting for December 31 trade date will be due by 8:00 AM for any clearing members not holding DME positions.
-- Normal erosion for electricity products will occur.Since January 1 is a NERC holiday, "double erosion" is not necessary. -- www.cme.com
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