09/13/2006
This new contract will feature physical delivery in Singapore of 380cst High Sulfur Fuel Oil, with maximum sulfur of 4.0%. The contract size is 100 metric tons and minimum tick size is $0.01 per metric ton. The last trading day will be the fifth-to-last Singapore business day prior to the start of the delivery month.
The Exchange will list 36 consecutive months for the new contract, under code HZ. 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 chapters containing the terms and condition product specification rules for each of the new futures contracts are available in the Exchange's online rulebook.
The fees for trading the Singapore 380cst Fuel Oil Contract are as follows:
| Transaction Type | ||
| CPC | ||
| Member Trade | ||
| Non-Member Trade | ||
| Delivery Fees | House |
$0.50 |
Customer |
$1.00 |
|
| Globex | ||
| Member Trade | $0.50 |
|
| Blended Trade | $0.73 |
|
| Non-Member | $0.95 |
|
| Delivery Fees | House |
$0.50 |
Customer |
$1.00 |