Notice to Members
Notice No. 63
02/16/2005
New York Mercantile Exchange to Launch Seven Natural Gas Basis Futures Contracts
Please be advised that the New York Mercantile Exchange, Inc., will launch trading in seven natural gas futures contracts based on the differential between prices reported by Platts Inside FERC's Gas Market Report and the Exchange's Natural Gas Futures Contract. The contracts will be available on NYMEX ClearPortsm Trading and Clearing beginning with the February 22, 2005 trading session, which starts at 7:00 PM, February 21, 2005.

The new contracts along with the assigned product symbol for each are listed below.

Contracts
Product Symbol
ANR Louisiana Basis Futures Contract
ND
Kern River, Wyoming Basis Futures Contract
NV
Questar Basis Futures Contract
TA
Tennessee 500 Leg Basis Futures Contract
NM
Tennessee Zone 0 Basis Futures Contract
NQ
Texas Gas, Zone SL Basis Futures Contract
TB
Trunkline, LA Basis Futures Contract
NU


All seven contracts will be available for trading on NYMEX ClearPortsm Trading or for submission solely for clearing as off-exchange transactions through NYMEX ClearPortsm Clearing. Thirty-six (36) consecutive contract months will be listed beginning with April 2005 contract for all locations.

Additional specifications are as follows:

Contract unit: 2,500 mmbtu

Minimum tick: $0.0025/mmbtu.

Fees (per side): Fees are identical to currently listed natural gas basis contracts.

NYMEX ClearPortsm Clearing
Member
$0.54/contract
Non-Member
$0.67/contract
 
NYMEX ClearPortsm Trading
Liquidity Provider:
$0.25/paid
Opposite Side:
$0.65/contract, all inclusive
 
Cash Settlement
Member
$0.54/contract
Non-Member
$0.67contract


Margins: Margins will be announced in a subsequent notice.

Position Reporting and Limits:
All positions limits and reporting levels will be announced in a subsequent notice
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com