Beginning on Sunday evening, October 19, 2008 (for trade date Monday, October 20,2008), CME Group will list eighteen new natural gas products swap futures contracts on ClearPort® clearing and trading. The following are contract specifications:
Ticker Symbol:
New Contracts (Basis and Index Swaps) |
Code |
|
NGPL STX Natural Gas Basis Swap |
T5 |
|
Algonquin City-gates Natural Gas Basis Swap |
B4 |
|
TCO Natural Gas Index Swap |
Q1 |
|
TETCO STX Natural Gas Index Swap |
Q2 |
|
Tennessee Zone 0 Natural Gas Index Swap |
Q4 |
|
Transco Zone 3 Natural Gas Index Swap |
Y6 |
|
Tennessee 500 Leg Natural Gas Index Swap |
Y7 |
|
Michcon Natural Gas Index Swap |
Y8 |
|
CIG Rockies Natural Gas Index Swap |
Z8 |
|
New Contracts (Swing Swaps) |
Code |
|
TCO Natural Gas Swing Swap
TETCO STX Natural Gas Swing Swap |
A1
T2 |
|
Tennessee Zone 0 Natural Gas Swing Swap |
T4 |
|
Malin Natural Gas Swing Swap |
W9 |
|
Stanfield Natural Gas Swing Swap |
Q3 |
|
Transco Zone 3 Natural Gas Swing Swap |
T6 |
|
Tennessee 500 Leg Natural Gas Swing Swap |
T7 |
|
Michcon Natural Gas Swing Swap |
T8 |
|
CIG Rockies Natural Gas Swing Swap |
U8 |
|
Monthly Listings:
The Exchange will list thirty-six (36) consecutive months for the Basis and Index Swaps, and two (2) consecutive months for the Swing Swaps beginning with the November 2008 contract.
Expiration:
The Last Trading Day will be on the last business day prior to the Contract Month for the natural gas Basis and Index Swaps and will be on the business day prior to the contract date for the Swing Swaps. |
|
Contract Size: 2500 MMBtu.
Minimum Tick: $0.0025 per MMBtu.
Trading Hours:
ClearPort® clearing and trading:
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 Fees:
CPT Billing rates: |
CPC Billing rates: |
Cash Settlement fee: |
Member |
$0.25 |
Member |
$0.54 |
Member |
$0.54 |
Non-member |
$0.65 |
Non-member |
$0.67 |
Non-member |
$0.67 |
|
