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 Index Futures ContractsCME Globex® and ClearPort ® Clearing . The contracts will be based on Re-Ex insured property loss estimates as estimated by Gallagher Reinsurance. The contracts will be listed by territory: one a National index; the second a Texas – Maine Index (without Florida); and a third based on Florida Property Loss insurance claims. Losses from earthquakes and terrorism claims will not be complied into these indexes. The following day, March 6, 2007, options will be listed on the NYMEX Trading floor as well as on ClearPort ® Clearing .

The follow are contract specifications:
Ticker: Futures / Options

National Index: WU / XW

Texas – Maine (excluding Florida) Index: WY / XY

Florida Index: WF / XF

Monthly Listings: Initial month will be for loss year 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).

Trading Hours:

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

NYMEX ClearPort® Clearing: (Futures & Options) From 6:00 PM Sundays through 5:15 PM Fridays,

CME Globex® Eastern Time (Futures Only) with a 45-minute break each day between 5:15 PM and 6:00 PM.

NYMEX Fees:  CME Globex® (for futures only):
Member: $8.00
Non-Member: $10.00

NXPIT (for Options only)
Member: $ 8.00
Non-Member: $10.00

NYMEX ClearPort® Clearing (for futures and options):
Member: $ 8.00
Non-Member: $10.00

COMEX Member Blended Rate: $10.00

Cash Settlement (futures and options):
Member: $4.00
Non-Member: $5.00

Index Value: Insured Losses Divided by $10 million

Contract Value: $10 times Index

Minimum Tick: 1.00 index point or $10 contract value

Option Strike Increments: Five index points

Margins: Released Under Separate Notice