Notice to Members
Notice No. 169
04/19/2005
New York Mercantile Exchange to Launch Additional Natural Gas Index and Swing Futures Contracts
The New York Mercantile Exchange, Inc., announced that it will introduce trading in sixteen natural gas futures contracts based on prices reported by Platts Gas Daily, Platts Inside FERC's Gas Market Report and Intelligence Press's Natural Gas Intelligence Bidweek Survey. The contracts will be available on NYMEX ClearPortsm Trading and Clearing beginning with the April 25, 2005 trading session, which starts at 7:00 PM, April 24, 2005.

Two types of contracts - Index and Swing - will be listed for eight different locations (see list of contracts below). The Index contracts are monthly instruments and final settlement is based on the monthly average of differentials between daily and monthly price references for each specified location. The Swing contracts are daily instruments and final settlement is based on the daily price reference for each specified location.

The new contracts will be available for trading on NYMEX ClearPortsm Trading or for submission solely for clearing as off-exchange transactions through NYMEX ClearPortsm Clearing. Natural Gas Index contracts will initially be listed for May 2005 through April 2008 for all locations. Natural Gas Swing contracts will initially be listed for May 1, 2005 through May 31, 2005 for all locations and will include all days remaining in the current and following month on an ongoing basis.

The contracts, symbols and additional specifications for all are provided below:

Index Contract Name Symbol
Dominion Natural Gas Index Contract (Platts Gas Daily / Platts IFERC) IH
PG&E Citygate Natural Gas Index Contract (Platts Gas Daily / NGI) IK
Rockies Natural Gas Index Contract (Platts Gas Daily / Platts IFERC) IR
SoCal Natural Gas Index Contract (Platts Gas Daily / NGI) IF
San Juan Natural Gas Index Contract (Platts Gas Daily / Platts IFERC) IJ
Sumas Natural Gas Index Contract (Platts Gas Daily / Platts IFERC) IU
TETCO M-3 Natural Gas Index Contract (Platts Gas Daily / Platts IFERC) IX
Transco Zone 6 Natural Gas Index (Platts Gas Daily / Platts IFERC) IT
   
   
Swing Contract Name Symbol
Dominion, South Point Natural Gas Swing Contract (Platts Gas Daily) SH
Kern Opal Natural Gas Swing Contract (Platts Gas Daily) SR
PG&E Citygate Natural Gas Swing Contract (Platts Gas Daily) SK
San Juan Natural Gas Swing Contract (Platts Gas Daily) SJ
SoCal Natural Gas Swing Contract (Platts Gas Daily) SF
Sumas Natural Gas Swing Contract (Platts Gas Daily) SU
TETCO M-3 Natural Gas Swing Contract (Platts Gas Daily) SX
Transco Zone 6 Natural Gas Swing Contract (Platts Gas Daily) ST


Contract Unit:
2,500 mmbtu
Minimum Tick:
$0.0025/mmbtu
Fees (per side):
Fees are identical to currently listed natural gas basis/index and swing contracts.
NYMEX ClearPortsm Clearing Member: $0.54/contract
Non-Member: $0.67/contract
     
NYMEX ClearPortsm Trading Liquidity Provider $0.25/contract, paid
Opposite Side: $0.65/contract, all inclusive
     
Cash Settlement Member: $0.54/contract
Non-Member: $0.67/contract


Margins:
Margins will be announced in a subsequent notice.
Poisition 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