CME Group Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by CME Group Inc. on March 2, 2009. The report details a material definitive agreement entered into by Chicago Mercantile Exchange Inc. (CME), a wholly-owned subsidiary of CME Group.
Key Financial Metrics
The filing does not provide specific financial data regarding revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a contractual amendment.
Material Changes
On March 2, 2009, CME entered into Amendment No. 6 to its License Agreement with Standard & Poor's Financial Services LLC (S&P), originally dated September 20, 2005. Key changes include:
- S&P granted CME a license to use the S&P-GSCI Excess Return Index.
- The license covers clearing, marketing, and promoting Cleared OTC Swaps.
- CME gained the ability to use related references to the index.
- CME agreed to pay S&P an annual fee as consideration for the license.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The full text of the Amendment is scheduled to be filed as an exhibit to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2009.
Key Facts for Investor Verification
- Verify the specific amount of the annual fee payable to S&P in the upcoming Form 10-Q.
- Review the full text of Amendment No. 6 to understand any additional terms or restrictions.
- Assess the strategic impact of the S&P-GSCI Excess Return Index license on CME's Cleared OTC Swaps business.