Notice to Members
Notice No. 527
10/17/2008
CME Group Sets Exchange Fees for HRC Steel Futures
The CME Group will list for trading and clearing the U.S. Midwest Domestic Hot-Rolled Coil Steel futures contracts beginning on Sunday evening, October 19th, 2008 (for trading date, Monday, October 20th, 2008). The contract ("HRC") will be financially settled against an index which reflects an assessment of the prevailing market prices for U.S. Midwest Domestic Hot-Rolled Coil Steel. This index is developed by CRU Indices Ltd., a subsidiary of CRU International Ltd., a leading supplier of steel industry information.


The contract size will be 20 short tons with a minimum price fluctuation of $5.00 per short ton and will be listed for 18 consecutive months. The contract will expire on the business day prior the fourth Wednesday of the contract month, and the final settlement on the monthly contracts will be the average price calculated for all available price assessments published for that given month. These new futures contracts will be listed both on CME Group's Globex and on NYMEX ClearPort® Clearing (CPC), beginning with the start of the trading session at 6:00 PM (New York time) on Sunday, October 19th, 2008.


The fees for the U.S. Midwest Domestic HRC Steel Outright Contracts of 20 Short Tons:

(For Globex symbol "HRC" and Clearport Clearing Symbol "HR")

Globex Billing Rates:
CPC Billing rates:
Cash Settlement fee:
Member Day Trade
$2.00
    
Member O/N Rate
$3.00
Member $4.00
Member $4.00
Cross Division Blended
$3.30
Non-Member
$5.00
Non-member $5.00
Non-member $5.00
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com