Notice to Members
Notice No. 529 10/06/2006
Listing the NYMEX Russian Export Blend Crude Oil (REBCO) Futures Contract on CME Globex®
Beginning on Sunday evening, October 22 (for trade date October 23), the New York Mercantile Exchange, Inc. will list the Russian Export Blend Crude Oil (REBCO) Futures Contract on the CME Globex® platform. This new contract will feature physical delivery of REBCO on a Free on Board basis at the port of Primorsk, Russia on the Baltic Sea. The contract size shall be 1000 barrels denominated in U.S. dollars and cents per barrel. The last trading day will be three business days before the fifteenth calendar day prior to the first day of the delivery month. The Exchange will list 72 consecutive months for the REBCO Futures Contract, under code RE, beginning with the January 2007 contract month. The contract will be listed for trading on the CME Globex® platform, and will also be available for EFP and EFS transactions on NYMEX ClearPort® on Monday through Friday 6:00 PM (New York time) until 5:15 PM (Monday's trading session begins at 6:00 PM Sunday evening). The chapter containing the terms and conditions for the new REBCO futures contract is available under Chapter 206 in the Exchange's online rulebook. The fees for trading the REBCO Contract are as follows: Transaction Type Fee (per side) Member Trade $1.00 Non-Member Trade $2.00
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com