CME: Erroneous Wheat Registration Reported

By CnAgri Print

CME Group, Chicago, issued the following statement in regards to an erroneous wheat registration.

On Nov. 29, CME Group issued an erroneous Deliverable Commodities Under Registration Report shortly after 4 p.m., CST showing 164 wheat shipping certificates registered. That number did not include 2,000 registered wheat shipping certificates from the Andersons' Conant and Illinois Facilities. CME Group corrected the report on its Website at 5:46 p.m., CST. The company will assume responsibility for actual losses associated with this reporting error.

CME Group will establish a claims process for customers and details will be posted to the Website as soon as possible. In the meantime, customers can contact CME Group Market Regulation at 312-435-3658 or 312-341-7757 with any questions.

As the world's leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the world's leading central counterparty clearing providers, which offers clearing and settlement services across asset classes for exchange-traded contracts and over-the-counter derivatives transactions. These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk.