Trader A is holding a long position in December 2012 Corn Futures (ZC).
Trader B is holding a short position in the same contract.
|Exchange||Trading Class||Contract Month||Description||Applicable to Cash/IRA Accounts Only||Start of Close-Out Period 2||Long Futures Cutoff 3||Long Futures Liquidation||Short Futures Cutoff 4||Short Futures Liquidation|
|ECBOT||ZC||201212||CORN FUTURES||NO||1 business day prior to cutoff||20121129
Trader A would have to close the long position by the end of the regular trading session on 2012/11/28 (one business day prior to the long futures cutoff date of 2012/11/29). Open long positions would be subject to liquidation beginning 2012/11/29 09:30 CST.
Trader B would have to close the short position by the end of the regular trading session on 20121213 (one business day prior to the short futures cutoff date of 2012/12/14). Open short positions would be subject to liquidation beginning 2012/12/14 at 09:30 CST.