• Listing of SME Biodiesel and Mont Belvieu Iso-Butane Swap Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6008
      • Notice Date
      • 15 November 2011
      • Effective Date
      • 20 November 2011
    • Effective Sunday, November 20, 2011, for trade date Monday, November 21, 2011, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX) will list SME Biodiesel and Mont Belvieu LDH Iso-butane swap futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort.  The futures contracts will be financially settled.  The contracts are listed with, and subject to, the rules and regulations of NYMEX. 

      CONTRACT NAME

      CHAPTER

      CODE

      CONTRACT UNIT

      MINIMUM PRICE FLUCTUATION

      LISTING CONVENTION

      Biodiesel SME Houston B-100 (Argus) Swap Futures

      1187

      GSI

      42,000 gallons

      $0.0001

      Current year and next 3 years

      Mont Belvieu LDH Iso-Butane (OPIS) Swap Futures

      1188

      MBL

      42,000 gallons

      $0.00001

      Current year and next 4 years

      Trading Hours:

      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT).

      CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

      Exchange Fees

       

       

      Member Day

      Member

      Cross Division

      Non-Member

      IIP

       

      Pit

      N/A

      $0.85

      $1.10

      $1.35

       

       

      ClearPort

       

      $0.85

       

      $1.35

       

       

               

      Processing Fees

         

       

      Member

      Non-Member

         

      Cash Settlement

      $0.85

      $1.35

      *only applies to financially settled contracts

      Futures from E/A

      NA

      NA

      *applies to futures contracts

       

      House Acct

      Cust Acct

         

      Options E/A Notice

      NA

      NA

      *applies to physical options

      Delivery Notice

      NA

      NA

      *applies to physical futures

      Additional Fees and Surcharges

           

      EFS Surcharge

      NA

      *$2.50 fee typically only charged on our core physical contracts

      Block Surcharge

      NA

      *$0.10 fee charged on block trades

       

      Facilitation Desk Fee

      $0.20

      *fee applies to CPC trades entered by ClearPort Market Ops

                       

       

                           

      For additional information, please contact Dan Brusstar at (212) 299-2604.