Notice to Members
Notice No. 517
11/20/2007
Listing Eleven New Balance-of-Month (BALMO) Petroleum Products Swap Futures Contracts on NYMEX ClearPort
Beginning on Sunday evening, December 2 (for trade date Monday, December 3), the Exchange will list eleven new Balance-of-Month (BALMO) petroleum products swap futures contracts on NYMEX ClearPort®. These new BALMO contracts will be cash-settled based on the balance-of-month average Platts price starting from the date of execution through the last trading day of the contract month. Further, these BALMO contracts allow the user to customize the balance-of-month period by selecting the start date (or first day) of the BALMO averaging period.

The Exchange will list one contract month, and the next contract month will be listed ten business days before the start of the contract month. The first listed month will be the December 2007 contract month. The new BALMO swaps are as follows:

New Contracts 
Code
Contract Size
Rule
Singapore 180cst Fuel Oil BALMO Swap Contract 
BS
1000 Metric Tons
493
Singapore 380cst Fuel Oil BALMO Swap Contract
BT
1000 Metric Tons
494
Singapore Jet Kero BALMO Swap Contract
BX
1000 Barrels
495
Singapore Gasoil BALMO Swap Contract
VU
1000 Barrels
496
Singapore Naphtha BALMO Swap Contract
KU
1000 Barrels
497
Dubai Crude Oil BALMO Swap Contract
BI
1000 Barrels
498
European 3.5% Fuel Oil (NWE) BALMO Swap Contract
KR
1000 Metric Tons
499
European 1% Fuel Oil (NWE) BALMO Swap Contract
KX
1000 Metric Tons
500
European Naphtha BALMO Swap Contract
KZ
1000 Metric Tons
501
New York Harbor 1.0% Fuel Oil BALMO Swap Contract
VK
1000 Barrels
502
Gulf Coast 3.0% Fuel Oil BALMO Swap Contract
VZ
1000 Barrels
503


The minimum tick size is $0.001 per barrel or per metric ton. These new contracts will be available for clearing and trading until the last business day of the contract month. 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, December 2, 2007. Each of these new BALMO futures contracts will be available during the normal trading hours on NYMEX ClearPort® Trading.

The fees for the BALMO Contracts of 1000 Metric-Ton Size are:
(For Codes BS, BT, KR, KX and KZ):

CPT Billing rates:
CPC Billing rates:
Cash Settlement fee:
Member
$15.00
Member
$15.00
Member
$15.00
Non-member
$20.00
Non-member
$20.00
Non-member
$20.00


The fees for the BALMO Contracts of 1000 Barrel Size are:
(For Codes BX, VU, KU, BI, VK, and VZ):

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