• Notification Regarding the Listing of Seventeen Eight New Petroleum Futures Contracts and Nine Natural Gas Liquid Contracts on CME ClearPort® and the NYMEX Trading Floor

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5002
      • Notice Date
      • 11 September 2009
      • Effective Date
      • 11 September 2009
    • Please be advised that the New York Mercantile Exchange Inc. (“NYMEX”) will list eight (8) new financially settled petroleum futures contracts and new nine (9) financially settled natural gas liquid contracts for trading on the NYMEX trading floor and for submission for clearing on CME ClearPort. The contracts are listed with NYMEX, and are subject to, the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc. 

      The contracts will be listed on the NYMEX trading floor beginning at 9:00 a.m. on Monday, September 21, 2009. The contracts will also be listed on CME ClearPort Clearing beginning at 6:00 p.m. on Sunday, September 20, 2009 for trade date Monday, September 21, 2009.

      The new contracts, commodity codes and rule chapters are as follows:

      Contracts

      Rule Chapter

      Code

      Gulf Coast Gasoline (OPIS) Swap Futures

      249

      4E

      Gulf Coast Gasoline (OPIS) vs. RBOB Gasoline Spread Swap Futures

      250

      4F

      Gulf Coast Jet (OPIS) Swap Futures

      251

      R9

      Gulf Coast Jet (OPIS) vs. Heating Oil Spread Swap Futures

      252

      W7

      Gulf Coast ULSD (OPIS) Swap Futures

      253

      5P

      Gulf Coast ULSD (OPIS) vs. Heating Oil Spread Swap Futures

      254

      5Q

      Gulf Coast Heating Oil (OPIS) Swap Futures

      255

      7O

      Gulf Coast Heating Oil (OPIS) vs. Heating Oil Spread Swap Futures

      256

      7W

      Mont Belvieu Natural Gasoline 5 Decimals (OPIS) Swap Futures

      405

      7Q

      Mont Belvieu Iso-Butane 5 Decimals (OPIS) Swap Futures

      406

      8I

      Conway Propane 5 Decimals (OPIS) Swap Futures

      257

      8K

      Conway Natural Gasoline (OPIS) Swap Futures

      258

      8L

      Conway Normal Butane (OPIS) Swap Futures

      259

      8M

      Mont Belvieu LDH Propane (OPIS) BALMO Swap Futures

      296

      8O

      Mont Belvieu Natural Gasoline (OPIS) BALMO Swap Futures

      297

      R0

      Mont Belvieu Ethane (OPIS) BALMO Swap Futures

      298

      8C

      Mont Belvieu Normal Butane (OPIS) BALMO Swap Futures

      299

      8J

      These new petroleum contracts will be available during normal trading hours on NYMEX trading floor from 9:00 a.m. until 2:30 p.m. (New York prevailing time).  Clearing is conducted from 6:00 p.m. Sunday until 5:15 p.m. Friday (New York prevailing time).  There is a 45-minute halt in trading each day between 5:15 p.m. (current trade date) and 6:00 p.m. (next trade date).

      The first listed month for all seventeen contracts will be the October 2009 contract month.  Products 4E, 4F, R9, 5P, 7O, 7Q, 8I, 8K, 8L, and 8M, will be listed for thirty-six consecutive months.  Products W7, 5Q and 7W will be listed through the June 2012 contract month.  The BALMO products (8O, 8C, R0 and 8J) will be listed for one month and the following month for 10 business days prior to the start of the contract month. The contracts will be financially settled.

      The fee schedule for the 17 new contracts is as follows:

       

      FEE SCHEDULE

       

      The fees for the Gulf Coast Gasoline (OPIS) Swap Futures, Gulf Coast Jet (OPIS) Swap Futures, Gulf Coast ULSD (OPIS) Swap Futures, and Gulf Coast Heating Oil (OPIS) Swap Futures (codes 4E, R9, 5P, and 7O)

      CPC Billing Rates

      NY Trading Floor Rates

      Cash Settlement Fee

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

                 

      The fees for the Gulf Coast Gasoline (OPIS) vs. RBOB Gasoline Spread Swap Futures, Gulf Coast Jet (OPIS) vs. Heating Oil Spread Swap Futures, Gulf Coast ULSD (OPIS) vs. Heating Oil Spread Swap Futures, and Gulf Coast Heating Oil (OPIS) vs Heating Oil Spread Swap Futures  (codes 4F, W7, 5Q and 7W)

      CPC Billing Rates

      NY Trading Floor Rates

      Cash Settlement Fee

      Member

      $2.20

      Member

      $2.20

      Member

      $2.20

      Non-Member

      $2.70

      Non-Member

      $2.70

      Non-Member

      $2.70

                 

      The fees for the Mont Belvieu Natural Gasoline 5 Decimals (OPIS) Swap Futures, Mont Belvieu Iso-Butane 5 Decimals (OPIS) Swap Futures, Conway Propane 5 Decimals (OPIS) Swap Futures, Conway Natural Gasoline (OPIS) Swap Futures, Conway Normal Butane (OPIS) Swap Futures, Mont Belvieu LDH Propane (OPIS) BALMO Swap Futures, Mont Belvieu Natural Gasoline (OPIS) BALMO Swap Futures, Mont Belvieu Ethane (OPIS) BALMO Swap Futures, and Mont Belvieu Normal Butane (OPIS) BALMO Swap Futures (codes 7Q, 8I, 8K, 8L, 8M, 8O, R0, 8C and 8J)

      CPC Billing Rates

      NY Trading Floor Rates

      Cash Settlement Fee

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

       

      Should you have any questions, please contact Daniel Brusstar at (212) 299-2604.