• Hardwood Pulp Futures and Options on Futures

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • NP 08-18
      • Notice Date
      • 04 December 2008
      • Effective Date
      • 11 January 2009
    • Date:  December 3, 2008
      New Product Summary for Clearing Firms, Bookkeeping Software Providers, ISVs 
      Listing Date
      Sunday, January 11, 2009 (trade date Monday, January 12, 2009)
      Contract Name
      Hardwood Pulp Futures and Options on Futures NP 08-18
      Description
      Hardwood Pulp Futures and Hardwood Pulp Options on Futures being listed on Globex.
      Instrument Type
      Outrights, and UDS
      Ticker Symbols/ Product Codes
      HWP
      Trading Venue
      CME Globex® platform
      Trading Hours
      Sundays through Thursdays from 5:00 p.m. Central Time (CT) to 4:00 p.m. Central Time (CT) the next day.
      Contract Size
      Futures – 20 metrics tons Options -  1 CME Hardwood Pulp Future
      Valid Contract Months
      24 Calendar Months
      Initial Contract Months
      February 2009
      Minimum Price Intervals
      Futures: $.50 per MT = $10.00
      Options: $.50 per MT = $10.00
                       Cab .25= $5.00
      Value Per Tick
      1 Full point :  $20
      Exercise Style
      American Style
      Exercise Price Intervals and Listings
      ATM +/- 20 at $5.00 per ton (in $100 range)
      Termination of Trading
      Last Tuesday of month at 2:00 AM.  If that day is not a business day, then trading shall terminate on the preceding business day.
      Final Settlement Price
      Price tick is $0.01
      Position Limits
      1,000 contracts any single month
      Minimum Reportable Level
      Futures: 25 Contracts Options: 25 Contracts
      Price Banding
      30
      Delivery
      Cash Settlement  PIX-BHKP Europe
      Price Conventions
      Futures Trade Price
      Options Strike Price
      Options Premium
      Information Contacts
      Actual Price
                  857.50
      860.0
      7.50
      Cme.com Inquiries
      Customer Service
      (800) 331-3332
      FEC
      857.50
      0860
      7.50
      General Information
      Products & Services
      (312) 930-8213
      TREX
      857.50
      0860
      0000750
      Clearing House
      (312) 207-2525
      Unmatched Trade Notice
      857.50
      0860
      0000750
      Globex Information
      Globex Control Center
      (312) 456-2391
      Trade Register Report
      857.50
      0860
      7.50
      Performance Bond Information
      Risk Management Dept.
      (312) 648-3888
      FIXML Trade Register File
      857.50
      0860
      7.50
      Position Limits
      Market Regulation
      (312) 648-3259

      Settlement Price File
      0085700
      0860
      0000750
      Clearing Fees
      Clearing Fee Hotline
      (312) 648-5470
      SPAN File
      0085700
      0860
      0000750
      CFTC Reportable Levels
      Market Regulation
      (312) 596-0609
      CME® Globex®
      857.5
      0860        
      7.5
       
       
       
       


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