• Force Majeure Declaration with Respect to Deliveries of August 2011 New York Harbor No. 2 Heating Oil Futures (HOQ1) Contract

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 11-309
      • Notice Date
      • 29 August 2011
      • Effective Date
      • 29 August 2011
    • There are a limited number of deliveries of NYMEX’s August 2011 New York Harbor No. 2 Heating Oil Futures contract (“August 2011 Heating Oil Contract”) that remain outstanding. The Delivery Facility that is scheduled to process those deliveries was impacted this past weekend by weather associated with Hurricane Irene. 
       
      In light of the foregoing and in accordance with NYMEX Rule 402.C. (“Emergency Actions”), the Exchange convened a Business Conduct Committee panel (the “Committee”) to review this matter.  Pursuant to the Committee’s authority, the Exchange has determined to take immediately the following action with respect to the August 2011 Heating Oil Contract (Rulebook Chapter 150):

      For the full text of this advisory...

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