Notice to Members
Notice No. 515
10/24/2008
Dual Listing of European Style and Average Price Options Gasoil on the NYMEX Trading Floor and ClearPort® Clearing
Beginning on Sunday evening, November 2 , 2008 (for trade date November 3, 2008), the CME Group will dually list for trading on the NYMEX trading floor and for Clearing on ClearPort®, two option contracts on Gasoil. These include a European Style, financially settled on the European Gasoil Bullet Swap (BG); and an Average Price Option, financially settled on the European Gasoil Calendar Swap (GX).

Trading Units:

European Style Gasoil Option (Ticker F8)

A long call option will be financially settled by adding the settlement price for the same delivery month of the European Gasoil Bullet Swap (BG) less the strike price multiplied by 1,000 metric tons, or zero, whichever is greater. A long put will be financially settled by subtracting the settlement price from the strike price for the same delivery month of European Gasoil Bullet Swap (BG) multiplied by 1,000 metric tons, or zero, whichever is greater.

Average Price Gasoil Option (Ticker F7)

On expiration day, a long call option will be financially settled by adding the settlement price for the same delivery month of European Gasoil Calendar Swap (GX) less the strike price multiplied by 1,000 metric tons, or zero, whichever is greater. A long put will be financially settled by subtracting the settlement price from the strike price for the same delivery month of European Gasoil Calendar Swap (GX) multiplied by 1,000 metric tons, or zero, whichever is greater.

Strike Price Intervals for All Gasoil Options:

Twenty strike prices in increments of $5.00 per metric ton above and below the at-the-money strike price. Strike price boundaries are adjusted according to futures price movements.

Expiration Dates:

European Style Gasoil Option:

The expiration date is the fourth business day prior to the termination of the underlying European Gasoil Bullet Swap (BG), and the options can be exercised only on the last day.

Average Price Option

The expiration date is the last business day of the delivery month, and the options can be exercised only on the last day.

Minimum Price Fluctuation for All Gasoil Options:

$0.01 (0.01¢) per Metric Ton.

Contract Size for All Gasoil Options:

1,000 Metric Tons

Trading Months:

European Style Gasoil Option

First 36 consecutive months beginning with November 2008.

Average Price Option

The balance of the current calendar year plus each calendar month for the following two years.

Fee Schedule for all the above option contracts:

To be announced shortly

SPAN Margin Parameters

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