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May 12, 2020

CHANGE TO THE DELIVERY PROCEDURES FOR SEVERAL PAIR FUTURES CONTRACTS

Effective commencing with the June 2020 expiries1, the Exchange is implementing amendments to Rule 16.04 that revise the physical delivery procedure for the following Futures Contracts (collectively, “the Non-CLS Delivery Contracts”):

U.S. Dollar/ (Contract Symbol VU) U.S. Dollar/ (Contract Symbol VC) /Hungarian Forint (Contract Symbol HR) Euro/Czech Koruna (Contract Symbol EZ) Polish zloty/U.S. Dollar (Contract Symbol PLN) Polish Zloty/Euro (Contract Symbol PLE) Turkish /U.S. Dollar (Contract Symbol TRM) /Euro (Contract Symbol ETR)

In the new delivery process for the Non-CLS Delivery Contracts, Clearing Members making and taking delivery of any of the contracts for their proprietary account or for a customer will be required to transfer the appropriate currency amount into the same accounts they already use to effect the daily pay and collect process for currency futures, and ICUS will effect payments of the through these same accounts via debits to the accounts making delivery and credits to the accounts taking delivery of each currency. ICUS will debit the respective Clearing Member accounts on the business day between the Last Trading Day and the Delivery Day, and will credit the respective Clearing Member accounts on the Delivery Day - so there is no change to the value dates for delivery payments from and to the Clearing Members. All delivery debits and credits will be made via the Clearing Member’s House Margin Accounts.

The amendments do not impact the determination of Last Trading Days and Delivery Days for the Non- CLS Delivery Contracts. The Last Trading Day for the June 2020 expiries is Monday, June 15, 2020 and the Delivery Day is Wednesday, June 17, 2020. Market participants who intend to make or take delivery of any of these contracts in June should reach out to their Clearing Members prior to the Last Trading Day, to discuss any changes to the Clearing Member’s procedures for supporting delivery of these contracts.

A full list of all ICE Futures U.S. currency pair futures contracts can be found here.

FOR MORE INFORMATION: Tim Barry [email protected] 212 748-4096

1 Pending regulatory review.

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