| Notice to Members |
| Notice No. 208 04/16/2007 |
| New York Mercantile Exchange to Launch UxC Uranium U3O8 Swap Futures |
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Please be advised that on Sunday, May 6 for trade date May 7, the New York Mercantile Exchange, Inc. is scheduled to launch a uranium futures contract which will be cash settled. This contract will settle on the spot month-end U3O8 price published by Ux Consulting Company, LLC. U3O8 or “yellowcake” refers to concentrated uranium oxide that is produced from uranium ore and is the most actively traded uranium-related commodity. This new contract will provide U3O8 risk management for various segments of the uranium industry. The NYMEX UxC Uranium U3O8 Swap futures contract is scheduled to be listed for trading on the CME Globex® trading system and the NYMEX ClearPort® Clearing system during regular CME Globex® and NYMEX ClearPort® hours. At the beginning of trade date May 7 (i.e. at 6:00 PM on Sunday, May 6), 36 consecutive months are scheduled to be listed. The first listed month will be June 2007. Margins and position limits will be announced in separate notices.
Contract Unit: 250 pounds of U3O8 Symbol: UX Contract Month listing: 36 Consecutive Months Minimum Tick: $0.05 Fees (per side): CME Globex® Member Day Trade $0.35 Member Overnight Trade $0.60 Non-Member Trade $1.45
NYMEX ClearPort® Clearing
Member Trade $2.50 Non-Member Trade $4.00
Cash Settlement Fee
Member $2.50 Non-Member $4.00 |
| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com |