02/14/2006
| Crude Oil Swaps | Symbol |
Contract Size |
| WTI Bullet Swap | WS |
1000 Barrels |
| Brent Bullet Swap | BB |
1000 Barrels |
| WTI-Brent (ICE) Bullet Swap | BY |
1000 Barrels |
| WTI-Brent (ICE) Calendar Swap | BK |
1000 Barrels |
| Dated-to-Frontline Brent Swap | FY |
1000 Barrels |
| Brent (ICE) Calendar Swap | CY |
1000 Barrels |
| Brent-Dubai Swap | DB |
1000 Barrels |
| Petroleum Products Swaps | Symbol |
Contract Size |
| European Gasoil Crack Spread Swap | GZ |
1000 Barrels |
| European Argus Gasoline Crack Spread Swap | RG |
1000 Barrels |
| European Platts Gasoline MED Crack Spread Swap | EP |
1000 Barrels |
| European Naphtha Crack Spread | EN |
1000 Barrels |
| European Gasoil 0.2 Rdam Barges v. Gasoil Futures Swap | EI |
1000 Metric Tons |
| European Gasoil 0.2 CIF NWE v. Gasoil Futures Swap | EC |
1000 Metric Tons |
| European Gasoil 0.2 CIF MED v. Gasoil Futures Swap | EX |
1000 Metric Tons |
| European Gasoil 0.2 FOB MED v. Gasoil Futures Swap | EF |
1000 Metric Tons |
| European Gasoil 10PPM Rdam Barges v Gasoil Futures | ET |
1000 Metric Tons |
| European ULSD 50 PPM CIF NWE v. Gasoil Futures | EY |
1000 Metric Tons |
| European ULSD 50 PPM CIF MED v. Gasoil Futures | EE |
1000 Metric Tons |
| European ULSD 50 PPM FOB MED v. Gasoil Futures | EO |
1000 Metric Tons |
| European Jet CIF NWE v. Gasoil Futures Swap | JC |
1000 Metric Tons |
| Petroleum Products Swaps | Symbol |
Contract Size |
| European Jet Rdam Barges v. Gasoil Futures Swap | JR |
1000 Metric Tons |
| Singapore Gasoil v. Rdam Gasoil Swap | GA |
1000 Barrels |
| Heating Oil Arb Swap: NYMEX HO v. Rdam Gasoil | HA |
1000 Barrels |
| 3.5% Fuel Oil Rdam Crack Swap | FO |
1000 Barrels |
| 1% Fuel Oil NWE Crack Spread Swap | FI |
1000 Barrels |
The minimum tick size is $0.01 per metric ton for those 10 contracts of 1000 metric ton size, and $0.01 per barrel for the 15 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 Monday, February 20, 2006. Each of these new futures contracts will be available during the normal trading hours on NYMEX ClearPort® Trading.
All 25 new contracts are cash settled, and 22 of these contracts are calendar month instruments. There are three “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.
Additional specifications are as follows:
The fees for the Outright oil swaps of 1000 Barrel contract size are:
(For Codes WS and BB)
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 BY, BK, FY, CY, DB, GZ, RG, EP, EN, GA, HA, FO, and FI)
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 Spread swaps of 1000 Metric Tons contract size are:
(For Codes EI, EC, EX, EF, ET, EY, EE, EO, JC, AND JR)
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 |