04/21/2006
| Contract Name | Symbol |
Contract Size |
Rule Chapter |
| RBOB Bullet Swap | RT |
42,000 Gallons |
Rule 555 |
| RBOB Calendar Swap | RL |
42,000 Gallons |
Rule 556 |
| RBOB Up-Down Calendar Swap | RV |
42,000 Gallons |
Rule 557 |
| RBOB vs. Heating Oil Swap | RH |
42,000 Gallons |
Rule 558 |
| RBOB Crack Spread Swap | RM |
1000 Barrels |
Rule 559 |
The minimum tick size is $0.0001 per gallon for the four contracts of 42,000 gallon size, and $0.01 per barrel for the RBOB Crack Spread swap.
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, April 23, 2006. Each of these new futures contracts will be available during the normal trading hours on NYMEX ClearPort® Trading.
All five new contracts are cash settled. There are four calendar month swaps, and one “bullet” swap contract that is a futures look-alike instrument which terminates one business day prior to the underlying RBOB 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 RBOB Bullet and RBOB Calendar swaps are:
(For Codes RT and RL)
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 RBOB Spread swaps are:
(For Codes RV, RH and RM)
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 |