• Amendments to the Floating Price Rules for Two (2) Japan C&F Naphtha (Platts) Crude Oil Spread Futures Contracts

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      • MSN10-18-17A
      • Notice Date
      • 18 October 2017
      • Effective Date
      • 23 October 2017
    • Effective on trade date Monday, October 23, 2017 for the June 2018 contract month and beyond, the New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) shall amend the floating price rules for two (2) Japan C&F Naphtha (Platts) Crude Oil Spread futures contracts (the “Contracts”) (see SER-7995 published October 2, 2017). Specifically, the Exchange will amend the conversion factor of the Contracts from 8.9 barrels per metric ton to 9.0 barrels per metric ton. The amendments are being implemented to align with current trading practices in the naphtha market. The rule amendments are noted in Appendix A of NYMEX Submission No. 17-354. The conversion factor for the Contracts through contract month May 2018 shall remain at 8.9 barrels per metric tons.

      For the full text of this notice, please see link attached below.