Notice to Members
Notice No. 404
07/28/2006
Trading at Settlement (TAS) for NYMEX Energy Futures on Globex®
All NYMEX full-sized cash settled futures contracts listed on CME Globex® will have Trading at Settlement (TAS) contracts available for trading on the Globex® system beginning August 6th for trade date August 7th, 2006. The TAS products will trade off of a "Base Price" of 100 to create a differential (plus or minus) in points off settlement in the underlying cleared product on a 1 to 1 basis. For example, a trade at 103 (3 points above the Base Price) in a TAS product will correspond to a +3 point differential off settlement in the underlying cleared product. A trade done at the Base Price of 100 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.

The list of TAS products to be offered is as follows:

Commodity Code on Globex®
Name
Cleared Product
WST
WTI Crude Oil Financial TAS
WS
RTT
RBOB Gasoline Financial TAS
RT
BHT
Heating Oil Financial TAS
BH
HPT
Natural Gas Financial TAS
HP
HHT
Natural Gas Financial (Last Day) TAS
HH
BBT
Brent Crude Oil Financial TAS
BB
SCT
NYMEX Europe Brent Crude Oil TAS
SC
GRT
NYMEX Europe Rotterdam Gasoil (Physical) TAS
GR

TAS contracts will be available for the front two months of the products listed above, and will be available for trading subject to the existing TAS rules of the underlying respective physical products. Trading in all TAS products will cease daily at 2:30 PM EST.

Trading hours for TAS products on CME Globex®
Sunday – Thursday
 6:00 PM until 2:30 PM the following day (Next trade date)

All fees will be based on the existing rate structure for the cleared product as is normally traded on CME Globex®. For further information on the full-sized cash settled TAS rates for energy futures, please refer to the fee schedule on www.NYMEX.com

If you have any questions please contact the NYMEX Marketing Hotline at 212-299-2301.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com