Notice to Members
Notice No. 324
07/02/2007
Listing New Petroleum Products Swap Contracts on NYMEX ClearPort
Beginning on Sunday evening, July 8 (for trade date Monday, July 9), the Exchange will list new petroleum products swap futures contracts on NYMEX ClearPort®. The first listed month will be the July 2007 contract month. The new swaps are as follows:

Outright Contracts
Code
Contract Size
Rule
Gulf Coast Gasoline (Argus) Calendar Swap
AW
42,000 Gallons
565
Gulf Coast ULSD (Argus) Calendar Swap
AJ
42,000 Gallons
566
Gulf Coast Jet (Argus) Calendar Swap
AF
42,000 Gallons
567
Los Angeles CARB Diesel (OPIS) Outright Swap
LX
42,000 Gallons
574
Los Angeles Jet (OPIS) Outright Swap
LL
42,000 Gallons
576
Mt Belvieu Propane (OPIS) Swap
PT
42,000 Gallons
581
RBOB (Platts) Calendar Swap
RY
42,000 Gallons
562
 
European Outright Contracts
Code
Contract Size
Rule
European Gasoil Bullet Swap
BG
1000 Metric Tons
561
European Propane CIF ARA (Argus) Swap
PS
1000 Metric Tons
578
Japan C&F Naphtha (Platts) Swap
JA
1000 Metric Tons
579
 
Spread Contracts
Code
Contract Size
Rule
Gasoline Up-Down (Argus) Swap
UZ
42,000 Gallons
568
ULSD Up-Down (Argus) Swap
US
42,000 Gallons
569
Jet Up-Down (Argus) Swap
JU
42,000 Gallons
570
RBOB (Platts) vs. NYMEX RBOB Spread Swap
RI
42,000 Gallons
563
NY ULSD (Platts) vs. NYMEX HO Spread Swap
UY
42,000 Gallons
564
Los Angeles CARBOB (OPIS) Spread Swap
JL
42,000 Gallons
573
Los Angeles Jet (OPIS) Spread Swap
JS
42,000 Gallons
577
Los Angeles CARBOB (OPIS) Spread Swap
KL
42,000 Gallons
575
 
Crack Spread Contracts
Code
Contract Size
Rule
Gulf Coast ULSD Crack Spread (Argus) Swap
CF
1000 Barrels
571
Gulf Coast Gasoline Crack Spread (Argus) Swap
CK
1000 Barrels
572
Japan C&F Naphtha Crack Spread (Platts) Swap
JB
1000 Barrels
580


The minimum tick size is $0.0001 per gallon for the contracts of 42,000 gallon size. The minimum tick is $0.01 per barrel for the three crack spread contracts of 1000 barrel size. Further, the minimum tick is $0.01 per metric tons for the three European outright contracts. These new contracts are cash settled, and will be available for clearing and trading until the last business day of the contract month. These new contracts will be listed for 36 consecutive months on a rolling basis. The chapters containing the terms and condition product specification rules for each of the new futures contracts will be available in the Exchange’s online rulebook.

These new futures contracts will be listed both on NYMEX ClearPort® Trading (CPT) and on NYMEX ClearPort® Clearing (CPC), beginning with the start of the NYMEX ClearPort® trading session at 6:00 PM (New York time) on Sunday, July 8, 2007. Each of these new futures contracts will be available during the normal trading hours on NYMEX ClearPort® Trading.

The fees for the Outright Contracts are:
(For Codes AW, AJ, AF, LX, LL, PT, and RY)

CPT Billing rates:
CPC Billing rates:
Cash Settlement fee:
Member
$0.85
Member
$0.85
Member
$0.85
Non-member
$1.35
Non-member
$1.35
Non-member
$1.35


The fees for the European Outright Contracts are:
(For Codes BG, PS, and JA)
CPT Billing rates:
CPC Billing rates:
Cash Settlement fee:
Member
$6.00
Member
$6.00
Member
$6.00
Non-member
$9.00
Non-member
$9.00
Non-member
$9.00


The fees for the Spread and Crack Spread Contracts are:
(For Codes UZ, US, JU, RI, UY, JL, JS, KL, CF, CK and JB)
CPT Billing rates:
CPC Billing rates:
Cash Settlement fee:
Member
$2.20
Member
$2.20
Member
$2.20
Non-member
$2.70
Non-member
$2.70
Non-member
$2.70
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com