Effective Sunday, December 1, 2013 for trade date Monday, December 2, 2013, the Chicago Mercantile Exchange, Inc. (CME or Exchange) will amend the weather reporting station for Winnipeg, Canada from (WMO 71852) to (WMO 71849).This new replacement station will still be located within the confines of the Winnipeg International Airport. This amendment will apply to all Canadian December 2013, and subsequent futures and options contracts months.
Amended rule language is as follows with the additions underlined and deletions bracketed and struck through:
Chapter 421 CME Canadian Degree Days Index Futures
42101. CONTRACT SPECIFICATIONS
1. Heating Degree Days and Cooling Degree Days
The daily average temperature is defined as the arithmetic average of the maximum temperature (Tmax) and minimum temperature (Tmin), recorded between 0600 UTC the previous day and 0559 UTC the current day for Tmax, and between 0600 UTC the previous day and 0559 UTC the current day for Tmin as reported by MDA Information Systems, Inc.
For each day, Heating-Degree-Days (HDD) is the greater of (1) zero, (2) 18 degrees Celsius (“C”) minus the daily average temperature.
For each day, Cooling-Degree-Days (CDD) is the greater of (1) zero, (2) the daily average temperature minus 18 degrees Celsius (“C”).
2. The CME Canadian Degree Days Indexes and Listing Cities
Each particular CME Canadian Degree Days Index is the accumulation of like Degree Days over a calendar month. The accumulation period of each CME-HDD or CME-CDD Index futures contract begins with the first calendar day of the contract month and ends with the last calendar day of the contract month.
The temperature for a particular city is reported from a specific automated weather station. The table below lists the cities and their corresponding weather stations:
Listing Cities and Corresponding Automated Weather Stations
Calgary International Airport (WMO 71877)
Edmonton International Airport (WMO 71123)
Montreal/Pierre Elliot Trudeau Airport (WMO 71627)
Toronto Pearson International Airport (WMO 71624)
Vancouver International Airport (WMO 71892)
Winnipeg International Airport [(WMO 71852)](WMO 71849)
Chapter 422 CME Canadian Seasonal Strip Degree Days Index Futures
42201. CONTRACT SPECIFICATIONS
1. Heating Degree Days and Cooling Degree Days
The daily average temperature is defined as the arithmetic average of the maximum temperature (Tmax) and minimum temperature (Tmin), recorded between 0600 UTC the previous day and 0559 UTC the current day for Tmax, and between 0600 UTC the previous day and 0559 UTC the current day for Tmin as reported by MDA Information Systems, Inc.
For each day, Heating-Degree-Days (HDD) is the greater of (1) zero, (2) 18 degrees Celsius (“C”) minus the daily average temperature.
For each day, Cooling-Degree-Days (CDD) is the greater of (1) zero, (2) the daily average temperature minus 18 degrees Celsius (“C”).
2. The CME Canadian Seasonal Strip Degree Days Indexes and Listing Cities
Each particular CME Canadian Seasonal Strip Degree Days Index is the accumulation of like Degree Days over a minimum of two, and a maximum of seven, consecutive calendar months. For a seasonal strip involving Cooling Degree Days, the first calendar month in the strip may be April or later, and the last calendar month in the strip may be October or earlier. For a seasonal strip involving Heating Degree Days, the first calendar month in the strip may be October or later, and the last calendar month in the strip may be April or earlier. A separate futures contract shall be listed for each strip. The accumulation period of each CME SSHDD or CME SSCDD begins with the first calendar day of the first month of the strip, and ends with the last calendar day of the last month of the defined strip.
The temperature for a particular city is reported from a specific automated weather station. The table below lists the cities and their corresponding weather stations:
Listing Cities and Corresponding Automated Weather Stations
Calgary International Airport (WMO 71877)
Edmonton International Airport (WMO 71123)
Montreal/Pierre Elliot Trudeau Airport (WMO 71627)
Toronto Pearson International Airport (WMO 71624)
Vancouver International Airport (WMO 71892)
Winnipeg International Airport [(WMO 71852)](WMO 71849)
Chapter 425 CME Canadian CAT Index Futures
42501. CONTRACT SPECIFICATIONS
1. Cumulative Average Temperature (CAT)
The daily average temperature is defined as the arithmetic average of the maximum temperature (Tmax) and minimum temperature (Tmin), recorded between 0600 UTC the previous day and 0559 UTC the current day for Tmax, and between 0600 UTC the previous day and 0559 UTC the current day for Tmin for each location, as reported by MDA information Systems, Inc.
Calgary International Airport (WMO 71877)
Edmonton International Airport (WMO 71123)
Montreal/Pierre Elliot Trudeau Airport (WMO 71627)
Toronto Pearson International Airport (WMO 71624)
Vancouver International Airport (WMO 71892)
Winnipeg International Airport [(WMO 71852)](WMO 71849)
Chapter 426 CME Canadian Seasonal CAT Strip Index Futures
42601. CONTRACT SPECIFICATIONS
1. Cumulative Average Temperature (CAT)
The daily average temperature is defined as the arithmetic average of the maximum temperature (Tmax) and minimum temperature (Tmin), recorded between 0600 UTC the previous day and 0559 UTC the current day for Tmax, and between 0600 UTC the previous day and 0559 UTC the current day for Tmin for each location, as reported by MDA Information Systems, Inc.
Calgary International Airport (WMO 71877)
Edmonton International Airport (WMO 71123)
Montreal/Pierre Elliot Trudeau Airport (WMO 71627)
Toronto Pearson International Airport (WMO 71624)
Vancouver International Airport (WMO 71892)
Winnipeg International Airport [(WMO 71852)](WMO 71849)
The Commodity Futures Trading Commission (CFTC) will be notified of the new weather reporting station for Winnipeg International Airport during the week of December 9, 2013, via the weekly notification procedures set forth in Part 40 of the CFTC Regulations.
Questions regarding this Special Executive Report may be directed to Heidi Centola, Manager, Ag and Alternative Investment Products at 312-930-1308, Heidi.Centola@cmegroup.com or Charles Piszczor, Director, Commodity Research & Product Development, at 312-930-4536, Charles.Piszczor@cmegroup.com.
For media inquiries concerning this Special Executive Report, please contact CME Group Corporate Communications at 312-930-3434 or news@cmegroup.com.