• IMPORTANT: Wet Tanker Freight Forward Contracts - Effective Monday, June 7, 2010

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 10-221
      • Notice Date
      • 21 May 2010
      • Effective Date
      • 07 June 2010

    • On Monday, June 7, 2010, CME will launch clearing of ten Wet Tanker Freight Forward contracts.  Privately-negotiated deals in these contracts will be submitted to CME Clearport, and cleared exactly as any other Clearport product.  These new wet freight contracts will be cleared as NYMEX products, and generically are cash-settled forwards.

      For full text of this advisory, please go to: 
      http://www.cmegroup.com/tools-information/lookups/advisories/clearing/files/Chadv10-221.pdf

      For more information, please contact CME Clearing at 312-207-2525

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