Notice 554
October 30, 2008


Listing 5 Natural Gas Liquids (NGL) Swaps and Two Physically-Delivered Plastics Futures Contracts on ClearPort

Beginning on Sunday evening, November 2, 2008 (for trade date Monday, November 3), the Exchange will list five new natural gas liquids (NGL) swaps futures contracts and two physically-delivered plastics futures contracts on ClearPort®.

The five new NGL futures contracts will be cash-settled using OPIS assessments. The four NGL futures contracts based in Mont Belvieu will use the Non-LDH assessment. The first listed month will be the November 2008 contract month. The Exchange will list 36 consecutive months in the NGL contracts. The new NGL contracts are as follows:

New NGL Contracts
Code
Contract Size
Rule Chapter
Conway Propane (OPIS) Swap
W1
42,000 gallons
584
Mont Belvieu Natural Gasoline (OPIS) Swap
W3
42,000 gallons
585
Mont Belvieu Ethane (OPIS) Swap
W8
42,000 gallons
586
Mont Belvieu Isobutane (OPIS) Swap
Y2
42,000 gallons
587
Mont Belvieu Normal Butane (OPIS) Swap
Z2
42,000 gallons
588


The two new plastics futures contracts will feature physical delivery in Houston for polypropylene and polyethylene. The last trading day will be on the last business day of the month prior to the delivery month, and delivery will occur between the 7th and 21st days of the delivery month. The Exchange will list 24 consecutive months, beginning with the January 2009 contract month. The new plastics contracts are as follows:

New Plastics Contracts
Code
Contract Size
Rule Chapter
Polypropylene Futures Contract
P1
47,000 Pounds
599
Polyethylene Futures Contract
P6
47,000 Pounds
600


The Polypropylene Futures Contract specifies delivery of homopolymer of general purpose injection molding grade with melt flow rates of 12 or 20, or of general purpose fiber ('raffia') extrusion grade. The Polyethylene Futures Contract requires delivery of polyethylene of high density blow molding grade, with melt flow rate 0.30.

These new futures contracts will be listed both on NYMEX ClearPort® Clearing (CPC) and Trading (CPT) beginning with the start of the NYMEX ClearPort® session at 6:00 PM (New York time) on Sunday, November 2, 2008. Each of these new futures contracts will be available during the normal trading hours on NYMEX ClearPort® Trading.

The fees for the NGL Contracts:
(For Codes W1, W3, W8, Y2 and Z2)
CPT Billing rates:
CPC Billing rates:
Cash Settlement fee:
Member
$0.85
Member
$0.85
Member
$0.85
Non-member
$1.35
Non-member
$1.35
Non-member
$1.35


The fees for thePlastics Contracts:
(For Codes P1 and P6)
CPT Billing rates:
CPC Billing rates:
Member
$6.00
Member
$6.00
Non-member
$7.50
Non-member
$7.50

Should you have any questions or require any further information, please contact ExchangeInformation@cmegroup.com.