10/24/2008
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 |
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.