Notice to Members
Notice No. 113 02/22/2007
Amendments to NYMEX Rule 6.21A, 6.40B, and 11G.30
Effective February 26, 2007, NYMEX Rule 6.21A, "Exchange of Futures for, or in Connection with, Swap Transactions," will be amended to include NYMEX "core" energy Futures Contracts, namely Crude Oil (CL) and Heating Oil (HO). EFS transactions in NYMEX CL and HO will be permitted via submission to either the trading floor or via ClearPort® Clearing ("CPC"). Further, please note that conforming revisions have been made to contract terms in Chapters 200 (CL) and 150 (HO), as well as housekeeping changes in Chapter 220 (NG) related to EFS transactions. All amended Rule language is available here. Procedures for Floor Submission: Similar to those currently in effect for Natural Gas (NG) and New York Harbor Gasoline Blendstock (RB). Procedures for Submission via CPC: The eligible core Energy Futures contracts (CL, HO, RB and NG) have been enabled in CPC. All existing CPC procedures are in place. Fee: A $2.50 fee per lot/side will be applied to EFS transactions in eligible core energy contracts (similar to the fee currently in place for NG) submitted either on the trading floor or though CPC. Additionally, effective February 26, 2007, NYMEX Rules 6.40B, "Trading at Settlement," and 11G.30, "Trading at Settlement," will be amended to allow for the trading of the third contract month in all eligible contracts permitted on the trading floor and through GLOBEX®. All amended rule language is attached.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com