Amendments to the to the Freight Route TD25 (Baltic) Futures Contract

Effective on trade date Monday, March 23, 2020, the New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) will amend the underlying route and aggregation to the Freight Route TD25 (Baltic) Futures contract (the “Contract”) to align the Contract with forthcoming changes to the route description by the Baltic Exchange. The Baltic Exchange will change the delivery port for its TD25 Mediterranean Route from Houston-Trieste to Houston-Rotterdam. Specifically, the Exchange amended the spot-month position limits (Rule 559), aggregation allocations (Rule 559.D.), and single month and all month accountability levels (Rule 560) to the Freight Route TD25 (Baltic) Futures contract as noted in the table below and in  Exhibit B of NYMEX Submission No. 20-128. The financially settled contract has a diminishing balance.

Additionally, effective March 2, 2020 until March 23, 2020, the Exchange will suspend trading and clearing of the Contract. Please note there is currently zero open interest and the change will be made effective with the April 2020 contract month and beyond.

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