• Listing of Singapore Fuel Oil 380 cst Swap (Platts) Average Price Option on the NYMEX Trading Floor and CME ClearPort® Clearing

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5001
      • Notice Date
      • 11 September 2009
      • Effective Date
      • 20 September 2009

    • Effective Sunday, September 20, 2009 for trade date September 21, 2009, the Exchange will dually list for trading on the NYMEX trading floor and for submission for clearing on CME ClearPort Clearing, a Singapore Fuel Oil 380 cst Swap (Platts) Average Price Option contract. The contract is listed with NYMEX, and subject to, the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.

      Ticker Symbol

      8H

      Underlying Calendar Swap

      SE

      Rule Chapter

      668A

      Trading Units

      A long call option will be financially settled on expiration day by the settlement price for the underlying calendar swap less the strike price, or zero, whichever is greater, multiplied by 1,000 metric tons. A long put will be financially settled on expiration day by the strike price less the settlement price of the underlying calendar swap or zero, whichever is greater, multiplied by 1,000 metric tons.

      Strike Price Intervals

      Twenty strike prices in increments of $.50 per barrel above and below the at-the-money strike price for a total of at least 41 strike prices. Strike price boundaries are adjusted according to futures price movements.

      Expiration Dates

      The Last Business Day of the Underlying Calendar Month.

      Minimum Price Fluctuation

      $0.01 (1¢) per metric ton.

      Contract Size

      1,000 Metric Tons.

      Trading Months

      36 consecutive monthly contracts beginning with the October 2009 contract month.

      Fee Schedule

      Singapore Fuel Oil 380 cst (½ Turn)

      Member

      Cross Division (Blended)

      Non-Member

      NYMEX CPC

      $6.00

       

      $9.00

       

       

       

       

      Open Outcry

       

       

       

      Day Trade

      $3.20

       

      		  

      O/N Trade

      $6.00

      $9.00

      $9.00

       

       

       

       

      Cash Settlement

      $6.00

       

      $9.00

      EFS, EFP, Spreads, Strips and ex Pit trades are available at standard member and nonmember rates – no surcharges apply. No block trades acceptable.

      Please contact Bob Biolsi at (212) 299-2610 should you have any questions.

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