Beginning on Sunday evening, March 4, 2007 (for trade date March 5, 2007), the New York Mercantile Exchange, Inc. will list three financially settled Catastrophe Risk (CAT risk) Index Futures Contracts on CME Globex® and ClearPort ® Clearing . The contracts will be based on Property Claim Services® (PCS®) data compiled to form an index for the appropriate regions, dates and perils covered . The contracts will be listed by territory: one a Nationwide index; the second a Texas – Maine Index (without Florida); and a third based on Florida property insurance claims. The following day, March 6, 2007, options will be listed on the NYMEX Trading floor as well as on NYMEX ClearPort® Clearing .

The follow are contract specifications:

Monthly Listings:

Initial month will be for loss year ending December 2007. Contracts will also be listed on December 2008 and December 2009 loss years

Expiration:

Last Business day of the March month following the Calendar loss year for both futures and

options. Final cash settlement to be rounded to nearest $100,000 (.01 index points).

Exercise Style:

European (No early exercise)

Trading Hours:

NYMEX Trading Floor (for options): 9:00 A.M. – 2:30 P.M.

NYMEX ClearPort® Clearing and CME Globex®: From 6:00 PM Sundays through 5:15 PM Fridays,

Eastern Time, with a 45-minute break each day between 5:15 PM and 6:00 PM.

NYMEX Fees: 

Index Value:

Insured Losses Divided by $10 million

Contract Value:

$10times Index

Minimum Tick:

1.00 index point or $10 contract value

Option Strike Increments:

5.00 index points

Margins:

To be determined

Please contact the NYMEX Marketing hotline at 212-299-2301, or email NymexMarketing@nymex.com with any questions. In addition, please visit nymex.com for other additional information.