Notice to Members
Notice No. 404
09/09/2005
New York Mercantile Exchange to Launch Two New European Gasoline Swaps and Eight New Singapore Swaps
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.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com