8-KMaterial AgreementsExhibits & Filings

CME GROUP INC. 8-K Report, Material Agreement (Jul 24, 2008)

Filed July 24, 2008For Securities:CME

Summary

This 8-K filing by CME Group Inc. (CME) on July 24, 2008, primarily details an amendment to a technology services agreement between its subsidiary, Chicago Mercantile Exchange Inc. (CME), and New York Mercantile Exchange, Inc. (NYMEX), a subsidiary of NYMEX Holdings. The amendment extends the term of the agreement and delays a mid-term termination right, underscoring a continued strategic relationship ahead of CME's proposed merger with NYMEX Holdings. Investors should note this as a step towards solidifying operational integration following the acquisition.

Key Highlights

  • 1CME Group Inc. amended its technology services agreement with subsidiary Chicago Mercantile Exchange Inc. and New York Mercantile Exchange, Inc. (NYMEX).
  • 2The amendment extends the term of the technology services agreement from 10 years to 12 years.
  • 3A mid-term termination right for the agreement has been delayed by one year, moving from June 2011-June 2012 to June 2012-June 2013.
  • 4The amendment's effectiveness is contingent upon the completion of CME Group's merger with NYMEX Holdings.
  • 5All other terms of the original technology services agreement remain unchanged.
  • 6This filing is a precursor to the consummation of the merger between CME Group and NYMEX Holdings.

Frequently Asked Questions

The main purpose is to disclose an amendment to the technology services agreement between CME Group's subsidiary and NYMEX, which is crucial for the upcoming merger between CME Group and NYMEX Holdings.

The amendment extends the agreement's term by two years to 12 years and postpones the window for mid-term termination by one year, pushing it to 2012-2013.

The merger is a major strategic move for CME Group, and this amendment helps ensure operational continuity and integration of services between the two entities post-merger.

The filing does not detail specific financial implications of the amendment itself, but it reinforces the operational integration expected from the larger merger, which would have significant financial consequences.