Notice to Members
Notice No. 36
02/05/2008
Listing NYMEX Crude Oil MACI Index and NYMEX Crude Oil Backwardation-Contango Index Contracts
Beginning on Sunday evening, February 10, 2008 (for trade date February 11, 2008), the New York Mercantile Exchange, Inc. will list two financially settled Index futures contracts on the NYMEX Trading Floor, CME Globex® and NYMEX ClearPort® Clearing. The contracts will be based on the settlement prices of a strip of six months of the Exchange’s Crude Oil futures contract. The following are contract specifications:

Index Values of Respective Futures:
The NYMEX CL B/C Index is based on NYMEX light sweet crude oil futures contracts. The index has a starting value of $ 100. At the close of trading on the first business day of each month, the Index is adjusted by adding to it the first nearby contract settlement price minus the seventh nearby contract settlement price, divided by six.

The NYMEX Crude Oil MACI futures contract will be based on the NYMEX MACI for Crude Oil™ Index. On the first day of trading the index equals the average of the 2nd through 7th month forward NYMEX Crude Oil Futures contracts’ settlement prices plus $ 100. The index will adjust at the close of business the first business day of each calendar month thereafter as follows: subtract the first nearby NYMEX Crude Oil Futures contract settlement price (divided by 6), add the seventh nearby NYMEX Crude Oil Futures contract price (divided by 6), and add the value of the change in the NYMEX CL Backwardation/Contango (B/C) Index.
Monthly Listings:
For the NYMEX Crude Oil Backwardation-Contango Index futures contract, one initial month will be listed for December 2010 expiration. Beginning in 2009, each January the Exchange intends to list an additional contract month for the subsequent December month termination such that on the second business day of January 2010 there will be three total contracts for expirations in December 2010, 2011, and 2012.

For the NYMEX Crude Oil MACI futures contract, one initial month will be listed for January 2011 expiration. Each subsequent January the Exchange intends to list an additional contract month for the subsequent January month termination such that on the second business day of January 2010 there will be three total contracts for expirations for January 2011, 2012, and 2013.
Expiration:
Final settlement will be on the first business day of December for the NYMEX Crude Oil Backwardation-Contango Index futures contract, and on the first business day of January for the NYMEX Crude Oil MACI futures contract. Trading on the expiring contract will end as of the close of NYMEX regular trading hours on the day of final settlement.
Trading Hours:
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 Trading Floor:
Regular Trading Hours, currently 9:00 AM to 2:30 PM
Contract Value: $ 200 times Index Value

Minimum Tick: 0.05 index point or $ 10.00 contract value

Symbols:
Product
NYMEX Symbol
Globex Symbol
MACI
XC
XCN
Backwardation Contango Index 
XK
XKN
Fees:
 
XC
XK
Members
$ 0.55
$ 0.40
Blended
$ 0.88
$ 0.45
Non-Member
$ 1.20
$ 0.50
Cash Settlement fees are waived.

Margins: To be determined

Please contact the NYMEX Marketing hotline at 212-299-2301, or email NymexMarketing@nymex.com with any questions.

Should you have any questions or require any further information, please contact exchangeinfo@nymex.com