• Product Modification Summary: NYMEX Tanker Freight Forward Contracts

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 12-306
      • Notice Date
      • 23 July 2012
      • Effective Date
      • 23 July 2012
    • Earlier today, July 23, 2012, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) delisted the following tanker freight contracts:
       

      Contract
      Code
      Rule Chapter
      Freight Route TC1 (Platts) Forward
      FPA
      950
      Freight Route TC12 (Baltic) Forward
      FRB
      530
      Freight Route TC2 (Baltic) Forward
      FC2
      953
      Freight Route TC4 (Platts) Forward
      FC4
      951
      Freight Route TC5 (Platts) Forward
      FC5
      952
      Freight Route TC6 (Baltic) Forward
      FC6
      954
      Freight Route TD10 (Baltic) Forward
      FDD
      959
      Freight Route TD3 (Baltic) Forward
      FT3
      955
      Freight Route TD5 (Baltic) Forward
      FT5
      956
      Freight Route TD7 (Baltic) Forward
      FT7
      957
      Freight Route TD9 (Baltic) Forward
      FB9
      958

       
      There was no open interest in these contracts.
      The respective rule chapters and terms and conditions contained in the Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook were removed from the Exchange rulebook.
      NYMEX continues to list eight tanker freight swap futures and three tanker freight average price options. Details of these active products can be found at www.cmegroup.com.
       
       
       
       
       

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      For the full text of this advisory, please click here.