02/28/2007
The following NYMEX products will be subject to the CME Messaging Policy for the second quarter of 2007, with the following product benchmarks
| Product | Product Code |
Product Benchmark |
| Financially Settled Products | ||
| Crude Oil Futures & Spreads | WS |
50:01:00 |
| Physically Settled Products | ||
| Crude Oil Futures & Spreads | CL |
25:01:00 |
| Natural Gas Futures & Spreads | NG |
35:01:00 |
| NYMEX miNY Energy Products | ||
| Natural Gas Futures & Spreads | QG |
50:01:00 |
| Crude Oil Futures & Spreads | QM |
45:01:00 |
NYMEX Clearing Firms will begin receiving reports when their Volume Ratios exceed the product benchmarks. There will be a grace period from February 28 to March 30, during which time no surcharges will be assessed. Beginning April 2, 2007, surcharges will be levied when a Clearing Firm has exceeded their two allowed notices. The surcharge is $2,000.00 per trading session per product where the benchmark has been exceeded.
For questions on the CME Messaging Policy, please contact CME Globex Account Management at 312 634-8700 or the CME Globex Control Center at 312 456-2391.