| will launch trading in two European gasoline swaps and eight new Singapore swaps.
The contracts will be available on NYMEX ClearPort® Trading and Clearing for
trade date Monday, September 12, 2005.
The new contracts along with the assigned product symbol for each are listed
below.
| Contracts |
Product Symbol |
| |
|
| European Unl Gas 50ppm Swap (Cargoes FOB MED) |
EU |
| NWE Gasoline Swap-Argus (10 ppm Barges ARA) |
AR |
| |
|
| FuelOil Swap (1% NWE vs 3.5% Barges ARA) |
FS |
| |
|
| East/West Fuel Oil Spread Swap(180 vs 3.5% barges ARA) |
EW |
| Singapore Fuel Oil Spread Swap (180 vs 380) |
SD |
| Singapore 380cst Fuel Oil Swap |
SE |
| |
|
| Singapore Gasoil Swap |
SG |
| Singapore Jet Kerosene Swap |
KS |
| Singapore Jet Regrade: Jet Kero vs. Gasoil Swap |
RK |
| Singapore Naphtha Swap |
SP |
All ten contracts will be available for trading on NYMEX ClearPort® Trading
or for submission solely for clearing as off-exchange transactions through NYMEX
ClearPort® Clearing. The balance of the current year plus the two following
years will be listed beginning with the October 2005 contract for all swaps.
Additional specifications are as follows:
| Contract unit: |
1,000 metric tons; EU, AR, FS, EW, SD, SE |
| |
1,000 barrels; SG, KS, RK, SP |
| Minimum tick: |
$00.1/metric ton; EU, AR, FS, EW, SD, SE |
| |
$00.1/barrel; SG, KS, RK, SP |
| |
|
|
| Last Trade Date: |
Last business day of the contract month. |
| Last EFS Date: |
Last business day of the contract month. |
| |
|
| Cash Settlement Date: |
For EU, AR, FS, EW, SD, SE, two (2) business days after the
last business day of the contract month. |
| For SG, KS, SP, RK, one (1) business day after the last business
day of the contract month. |
| |
|
|
| Fees (per side): |
|
|
| |
|
|
| EU, AR, FS, EW, SD, SE |
|
|
| NYMEX ClearPort® Clearing |
Member: |
$6.00/contract |
| Non-Member: |
$9.00/contract |
| NYMEX ClearPort® Trading |
Liquidity Provider: |
$7.00/contract, paid |
| Opposite Side: |
$10.00/contract, all inclusive |
| Cash Settlement |
Member: |
$6.00/contract |
| |
Non-Member: |
$9.00/contract |
| |
|
|
| SG, KS, SP |
|
|
| NYMEX ClearPort® Clearing |
Member: |
$0.85/contract |
| Non-Member: |
$1.35/contract |
| NYMEX ClearPort® Trading |
Liquidity Provider: |
$1.00/contract, paid |
| Opposite Side: |
$2.50/contract, all inclusive |
| Cash Settlement |
Member: |
$0.85/contract |
| Non-Member: |
$1.35/contract |
| |
|
|
| RK |
|
|
| NYMEX ClearPort® Clearing |
Member: |
$2.20/contract |
| Non-Member: |
$2.70/contract |
| NYMEX ClearPort® Trading |
Liquidity Provider: |
$1.00/contract, paid |
| Opposite Side: |
$2.50/contract, all inclusive |
| Cash Settlement |
Member: |
$2.20/contract |
| Non-Member: |
$2.70/contract |
| |
|
|
| 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. |
|