03/06/2006
| Contract Name | Symbol |
Contract Size |
| NYMEX Brent Bullet Swap | BN |
1000 Barrels |
| NYMEX Brent-WTI Bullet Swap | WN |
1000 Barrels |
| European Gasoil (ICE) Calendar Swap | GX |
1000 Metric Tons |
| European Gasoil 0.2 CIF MED Swap | GG |
1000 Metric Tons |
| European Gasoil 10PPM Rdam Barges Swap | GT |
1000 Metric Tons |
| European ULSD 50 PPM CIF NWE Swap | ES |
1000 Metric Tons |
| European ULSD 50 PPM CIF MED Swap | EH |
1000 Metric Tons |
| European ULSD 50 PPM FOB MED Swap | EL |
1000 Metric Tons |
| 3.5% Fuel Oil Rdam v 3.5% FOB MED Spread Swap | FK |
1000 Metric Tons |
| 3.5% Fuel Oil FOB MED Crack Spread Swap | FL |
1000 Barrels |
The minimum tick size is $0.01 per metric ton for those seven contracts of 1000 metric ton size, and $0.01 per barrel for the three contracts that are 1000 barrels for contract size.
The chapters containing the terms and condition product specification rules for each of the new futures contracts are available in the Exchange’s online rulebook.
These new futures contracts will be listed both on NYMEX ClearPort® Trading and on NYMEX ClearPort® Clearing, beginning with the start of the NYMEX ClearPort® trading session at 7:00 PM on Sunday, March 12, 2006. Each of these new futures contracts will be available during the normal trading hours on NYMEX ClearPort® Trading.
All 10 new contracts are cash settled, and eight of these contracts are calendar month instruments. There are two "bullet" swap contracts that are futures look-alike contracts which terminate one business day prior to the underlying futures contract. These new contracts will be listed for the current year and the next three years, and a new calendar year will be added following the termination of trading in the December contract of the current year.
The fees for the Outright Brent Bullet swap of 1000 Barrel contract size are:
(For Codes BN)
CPT Billing rates: |
CPC Billing rates: |
Cash Settlement fee: |
|||
| Liquidity Provider | $1.00 paid | Member |
$0.85 |
Member |
$0.85 |
| Opposite Side | $2.50 inclusive | Non-mem |
$1.35 |
Non-mem |
$1.35 |
Fees for the Spread oil swaps of 1000 Barrel contract size are:
(For Codes WN and FL)
CPT Billing rates: |
CPC Billing rates: |
Cash Settlement fee: |
|||
| Liquidity Provider | $1.00 paid | Member |
$1.70 |
Member |
$1.70 |
| Opposite Side | $2.50 inclusive | Non-mem |
$2.70 |
Non-mem |
$2.70 |
Fees for the Gasoil swaps of 1000 Metric Tons contract size are:
(For Codes GX, GG, GT, ES, EH, and EL)
CPT Billing rates: |
CPC Billing rates: |
Cash Settlement fee: |
|||
| Liquidity Provider | $2.00 paid | Member |
$6.00 |
Member |
$6.00 |
| Opposite Side | $5.00 inclusive | Non-mem |
$9.00 |
Non-mem |
$9.00 |
Fees for the Fuel Oil Spread swap of 1000 Metric Tons contract size are:
(For Code FK)
CPT Billing rates: |
CPC Billing rates: |
Cash Settlement fee: |
|||
| Liquidity Provider | $2.00 paid | Member |
$12.00 |
Member |
$12.00 |
| Opposite Side | $5.00 inclusive | Non-mem |
$18.00 |
Non-mem |
$18.00 |