Derivatives Clearing Organizations Registered with the CFTC

Clearing Organization	Exchange(s)	Date Designated	Remarks
The Clearing Corporation (CCorp)	Merchant's Exchange of St. Louis (MESL)	12/21/2000	CCorp, formerly known as Board of Trade Clearing Corporation, is an independent clearing organization owned by its clearing members that was formed in 1925.
Chicago Board of Trade (CBOT)	Chicago Board of Trade (CBOT)	10/07/2003	Effective November 24, 2003 and January 2, 2004, clearing of CBOT contracts was transferred from BOTCC to CBOT. Under a clearing service agreement between CBOT and CME, most clearing functions for CBOT contracts will be performed by CME.
CME Clearing House	Chicago Mercantile Exchange (CME)	12/21/2000	The Clearing House exists within the Clearing Division of the CME.
EnergyClear Corporation (EnergyClear)	Commercial markets exempt under Section 2(h)	7/9/2001	EnergyClear is a non-profit Delaware corporation and is the first new DCO not affiliated with a trading facility to be granted registration by the Commission since the passage of the CFMA. It provides clearance and settlement services for over-the-counter energy derivatives contracts between eligible commercial entities on a principal-to-principal basis. Actuarials Exchange, a Chicago-based company, has acquired all of EnergyClear’s shares.
Hedge Street, Inc.	Hedge Street, Inc.	2/18/2004	Hedge Street, Inc. as a DCO clears exclusively for its affiliate contract market, Hedge Street, Inc. Order of Registration as a DCO
Kansas City Board of Trade Clearing Corporation	Kansas City Board of Trade (KCBT)	12/21/2000	The Kansas City Board of Trade Clearing Corporation is a wholly owned subsidiary of the KCBT.
LCH.Clearnet Ltd. (LCH)	Commercial markets exempt under Section 2(h) and other OTC markets	10/29/2001	Pursuant to an October 2001 Commission Order, LCH clears over-the-counter interest rate swaps and commercial energy contracts as a DCO. In May 2004, the Commission issued an amended Order permitting LCH to clear financial futures and options traded on or subject to the rules of a U.S. designated contract market, derivatives transaction execution facility, or exempt board of trade.
MGE Clearing House	Minneapolis Grain Exchange (MGE)	12/21/2000	The Clearing House became a department of the MGE in 1977. It was formally a separate entity known as the Minneapolis Clearing Corporation.
New York Clearing Corporation (NYCC)	New York Board of Trade (NYBOT) Cantor Financial Futures Exchange (CX)	12/21/2000	NYCC is a separate corporation organized and existing under the Not-for-Profit Corporation Law of the State of New York. NYCC took over clearing functions of the Commodity Clearing Corporation and the Commodity Futures Clearing Corporation of New York in 1999 that formerly cleared for the New York Cotton Exchange and Coffee, Sugar & Cocoa Exchange, Inc. respectively.
NYMEX Clearing House	New York Mercantile Exchange (NYMEX)	12/21/2000	The Clearing House is a division of NYMEX. The NYMEX Clearing House is expected to absorb COMEX clearing functions by the end of 2001.
The Options Clearing Corporation (OCC)	Various exchanges executing securities options in the U.S.	12/10/2001	OCC is a securities clearing agency registered under the Securities Exchange Act of 1934 that provides clearing and settlement services for securities options traded on national securities exchanges. As a registered DCO, OCC will now be able to provide clearing and settlement services for transactions in commodity futures contracts and options on commodity futures contracts.

Registered DCOs Deemed to be Dormant

The following entities have been registered derivatives clearing organizations (DCOs) under the Commodity Exchange Act, but are deemed to be dormant under CFTC regulations. Under Commission Regulation 40.1, any DCO that has not accepted for clearing any agreement, contract or transaction that is required or permitted to be cleared by a DCO for a period of six months is defined as a dormant DCO. Newly registered DCOs, however, may not be deemed dormant until the end of a grace period of 36 complete calendar months following the day that the order of registration was issued or that the DCO was deemed to be registered.*

Clearing Organization	Exchange(s)	Date Designated	Date Deemed Dormant	Remarks
OnExchange Clearing Corporation (ONXCC)	OnExchange Board of Trade (ONXBOT)	2000	12/31/2003	ONXBOT has never commenced trading. Its business plan was to be an internet based electronic exchange.
FutureCom (FCOM)	FutureCom (FCOM)	2000	12/31/2003	FCOM was designated as a contract market subject to specific conditions preventing the exchange from trading until the conditions were satisfied. The specific designation conditions are set forth in the CFTC’s approval letter and Order. FCOM never commenced trading, as the conditions placed on its designation were not met prior to the exchange becoming dormant. FCOM’s business plan was to be an internet based electronic exchange.

* Section 5b(d) of the Act as added by the Commodity Futures Modernization Act of 2000 (CFMA) provides that derivatives clearing organizations (DCOs) shall be deemed to be registered under this section to the extent that the DCO clears agreements, contracts, or transactions for a board of trade that has been designated by the Commission as a contract market for such agreements, contracts, or transactions before the date of enactment of this section. This provision captures all futures clearing organizations that have ever cleared any futures contracts for designated contract markets before the CFMA became effective.