07/12/2004
The minimum tick size is $0.01 per barrel, and will be cash settled. Trading shall terminate at the close of business on the business day immediately preceding the 15th day prior to the first day of the delivery month, if such 15th day is a banking day in London. If the 15th day is a non-banking day in London (including Saturday), trading shall cease on the business day immediately preceding the first business day prior to the 15th day.
These new contracts will be listed for up to 72 consecutive months on an annual basis (balance of current year plus five full years) and then June and December contracts for three additional years. 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 the CME GLOBEX® Trading System and on NYMEX ClearPort® Clearing (CPC), beginning with the start of the Electronic trading session at 6:00 PM (New York time) on Sunday, July 29, 2007.
Additionally, for trading on Globex will be Brent calendar spreads and strips for all listed months as well as inter commodity spreads with NYMEX crude oil futures contracts. TAS markets will be available as well in each of the first three months traded.
The fees (per side) for the new Brent Crude Oil Futures Last Day Contract will be:
| Globex Billing Rates: | CPC Billing Rates | Cash Settlement Fee |
| Member-Day Trade $0.35 | Member $0.60 | Member $0.60 |
| Member- Over Night $0.60 | ||
| Non-Member $0.75 | Non-Member $0.75 | Non-Member $0.75 |
For further information, please contact the NYMEX marketing hotline at 212-299-2301.