• Notification Regarding the Listing of Two New Petroleum Futures Contracts on CME ClearPort® and the NYMEX Trading Floor

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5038
      • Notice Date
      • 28 October 2009
      • Effective Date
      • 28 October 2009
    • Please be advised that the New York Mercantile Exchange Inc. (“NYMEX”) will list two (2) new financially settled petroleum futures 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, November 09, 2009. The contracts will also be listed on CME ClearPort Clearing beginning at 6:00 p.m. on Sunday, November 8, 2009 for trade date Monday, November 09, 2009.

       

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

       

      Contracts

      Code

      Rule Chapter

      SME Biodiesel (Argus) FOB Rotterdam Swap Futures

      24

      504

      PME Biodiesel (Argus) FOB Rotterdam Swap Futures

      25

      505

       

      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 each day between 5:15 p.m. (current trade date) and 6:00 p.m. (next trade date).

       

      The two products will be cash-settled. The first listed month for all products will be the December 2009 contract month.  The contracts will be listed for 24 consecutive contract months. 

       

      The fee schedule for the three new petroleum contracts is as follows:

       

      The fees for the SME Biodiesel (Argus) FOB Rotterdam Swap Futures and PME Biodiesel (Argus) FOB Rotterdam Swap Futures contract (codes 24 and 25) are:

      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

         

      Blended Floor Rate

      $1.10

         

       

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