Notice 599
November 21, 2008

Listing of New REBCO Financial Futures Contract on ClearPort and Globex Platforms

Beginning on Sunday evening, November 23, 2008 (for trade date Monday, November 24), the Exchange will list a new Russian Export Blend Crude Oil (REBCO) Financial futures contract which will be dually listed on the ClearPort® Clearing (CPC) and Globex® trading platforms. The REBCO Financial Contract, code R2 (Globex code REB), will be cash-settled using the Urals FOB Primorsk assessment published by Argus Media. The new contract will expire 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.

The first listed month will be the January 2009 contract month. The Exchange will list up to 48 consecutive months with contract months added on an annual basis.

The following are fees for the REBCO Financial Contract:

CPT Billing rates:
CPC Billing rates:
Cash Settlement fee:
Member
$0.85
Member
$1.15
Member
$1.15
Non-member
$1.00
Non-member
$1.80
Non-member
$1.80
Cross-Division (Blended)
$1.00
        

This new futures contract will be available during normal trading hours on NYMEX ClearPort® Clearing and CME Globex®. Electronic trading is conducted from 6:00 PM until 5:15 PM via the ClearPort® Clearing and CME Globex® trading platforms, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date).

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