Notice 568
November 7, 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.
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.
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