Notice to Members
Notice No. 380 10/13/2004
New York Mercantile Exchange to Launch Henry Hub Natural Gas Penultimate Swap Futures Contract
Please be advised that the New York Mercantile Exchange, Inc., will launch a new natural gas futures contract which will be cash settled against the corresponding Natural Gas (Henry Hub) Futures contract settlement price determined on options expiration day. The new Henry Hub Natural Gas Penultimate Swap Futures contact will be available on NYMEX ClearPortsm Trading and Clearing beginning with the October 18, 2004 trading session, which starts at 7:00 PM, October 17, 2004. The new contract will be available for trading on NYMEX ClearPortsm Trading or for submission solely for clearing as off&$150;exchange transactions through NYMEX ClearPortsm Clearing. The contracts will initially be listed for November 2004 through October 2010 and will follow the same listing schedule as the Natural Gas (Henry Hub) Futures contact (NG) and the Henry Hub Natural Gas Swap (NN). Additional specifications are as follows: Contract unit: 2,500 mmbtu   Minimum tick: $0.001/mmbtu.   Symbol: NP (Please note that this code was used in the past for the NYMEX Permian Basin Natural Gas Futures contract which has been delisted.) Fees (per side)       NYMEX ClearPortsm Clearing Member: $0.21/contract Non-Member: $0.34/contract   NYMEX ClearPortsm Trading Liquidity Provider: $0.25/contract, paid Opposite Side: $0.65/contract, all inclusive   Cash Settlement Member: $0.21/contract Non-Member: $0.34/contract Margins: Margins will be applied in the same manner as the margin for the Henry Hub Natural Gas Swap Futures Contract (NN) and will be announced in a subsequent memo.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com