Earlier today, April 27, 2012, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) delisted all contract months previously listed beyond December 2014 for the Singapore Fuel Oil 180 cst (Platts) Crack Spread Swap futures contract (commodity code SFC, chapter 213). Contract months currently listed through December 2014 continue to be available for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The delisted contract months had no open interest.
Platts, the index provider for this contract, previously changed the barrel to metric ton conversion factor applied to Singapore fuel oil from 6.5 barrels per metric ton to 6.35 barrels per metric ton. NYMEX successfully introduced new contracts based on the 6.35 conversion rate. As a result of the introduction of the new replacement contracts, the existing Singapore Fuel Oil 180 cst (Platts) Crack Spread Swap futures contract will be scheduled for delisting once all existing open interest expires.
December 2014 is the last available contract month for the Singapore Fuel Oil 180 cst (Platts) Crack Spread Swap futures contract. Following the final settlement of the December 2014 contract month, this contract will be delisted.
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