Notice to Members
Notice No. 443
09/21/2007
Listing 24 New Crude Oil Swap Futures Contracts on NYMEX ClearPort®
Beginning on Sunday evening, September 30 (for trade date Monday, October 1), the Exchange will list 24 new crude oil swap futures contracts on NYMEX ClearPort®. These new cash-settled contracts will be based on Argus or Platts assessments for the U.S. domestic crude oil grades of Light Louisiana Sweet (LLS), Mars, and West Texas Sour (WTS). The first listed month will be the October 2007 contract month. The new swap futures contracts are as follows:

Outright Contracts
Code
Rule Chapter
LLS (Platts) Calendar Swap
XL
834
LLS (Platts) Trade Month Swap
XT
835
LLS (Argus) Calendar Swap
XA
838
LLS (Argus) Trade Month Swap
LI
839
Mars (Platts) Calendar Swap
MV
842
Mars (Platts) Trade Month Swap
MZ
843
Mars (Argus) Calendar Swap
MX
846
Mars (Argus) Trade Month Swap
MO
847
WTS (Platts) Calendar Swap
PR
850
WTS (Platts) Trade Month Swap
PV
851
WTS (Argus) Calendar Swap
XB
854
WTS (Argus) Trade Month Swap
AY
855
 
Outright Contracts
Code
Rule Chapter
LLS (Platts) vs. WTI Spread Calendar Swap
WH
836
LLS (Platts) vs. WTI Spread Trade Month Swap
WI
837
LLS (Argus) vs. WTI Spread Calendar Swap
WJ
840
LLS (Argus) vs. WTI Spread Trade Month Swap
WK
841
Mars (Platts) vs. WTI Spread Calendar Swap
WL
844
Mars (Platts) vs. WTI Spread Trade Month Swap
WP
845
Mars (Argus) vs. WTI Spread Calendar Swap
YX
848
Mars (Argus) vs. WTI Spread Trade Month Swap
YV
849
WTS (Platts) vs. WTI Spread Calendar Swap
PZ
852
WTS (Platts) vs. WTI Spread Trade Month Swap
XE
853
WTS (Argus) vs. WTI Spread Calendar Swap
FF
856
WTS (Argus) vs. WTI Spread Trade Month Swap
FH
857


The "Trade Month Swap" will settle using the monthly average of prices beginning with the first business day after the 25th calendar day of the previous month through the last business day on or before the 25th calendar day of the contract month. The "Calendar Swap" will settle based on the monthly average of prices for each business day during the contract month

The minimum tick size is $0.01 per barrel for these contracts of 1,000 barrel size. 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 are 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, September 30, 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:
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 Spread Contracts are:
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