• Listing of Mini Singapore Gasoil (Platts) Swap Futures on NYMEX Trading Floor and CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6019
      • Notice Date
      • 16 November 2011
      • Effective Date
      • 11 December 2011
    • Effective Sunday, December 11, 2011, for trade date Monday, December 12, 2011, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following petroleum swap futures contract for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. This futures contract will be financially settled. The contract is listed with, and subject to, the rules and regulations of NYMEX.

      The Exchange will allow the exchange for related position (EFRP) transactions to be submitted through CME ClearPort. EFRP transactions in these futures contracts will be governed by the provisions of

      Exchange Rule 538.

      CONTRACT SPECIFICATIONS

             Title: Mini Singapore Gasoil (Platts) Swap Futures

             Code: MSG

             Chapter: 1155

             First Listed Month: Jan 2011

             Listing Period: 24 consecutive calendar months

             Contract Size: 100 barrels

             Termination of Trading: Trading shall cease on the last trading day of the contract month (Singapore holiday calendar)

             Minimum Price Tick: $0.001 per barrel

             Value per Tick: $0.10 per barrel

             Final Settlement Price: Settlement tick = $0.001

             Trading Hours:

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

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

             Fees:

      Exchange Fees

       

      Member Day

      Member

      Cross Division

      Non-Member

      IIP

      Pit

      n/a

      $0.09

      $0.11

      $0.13

       

      Globex

      n/a

      n/a

      n/a

      n/a

      n/a

      ClearPort

       

      $0.09

       

      $0.13

       

                 

      Processing Fees

           

       

      Member

      Non-Member

           

      Cash Settlement

      $0.09

      $0.13

      *only applies to financially settled contracts

      Futures from E/A

      n/a

      n/a

      *applies to futures contracts

       

       

      House Acct

      Cust Acct

           

      Options E/A Notice

      n/a

      n/a

      *applies to physical options

       

      Delivery Notice

      n/a

      n/a

      *applies to physical futures

       

       

       

             

      Additional Fees and Surcharges

             

      EFS Surcharge

      $0.00

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

      Block Surcharge

      $0.00

      *$0.10 fee charged on block trades

       

      Facilitation Desk Fee

      $0.05

      *fee applies to CPC trades entered by ClearPort Market Ops

       

      Should you have any questions or require any further information, please contact Owain Johnson at (65) 6593-5568 or Richard Stevens at (44) 20-7796-7129.