Please be advised that effective today, December 22, 2009, the New York Mercantile Exchange, Inc. (“NYMEX”) will apply new flat rates for all contracts for 2010 and the forward curve in those contract months. The new rates will be used for daily mark to market purposes in all open interest.
The floating price for each contract month is the arithmetic average of the rates for each business day published by the Baltic exchange (contracts TI, TK, TL, TM, TN and TO) and Platts (contracts TG, TH and TJ) over the contract month.
The NYMEX freight contracts affected are listed below.
CODE |
CONTRACT |
TG |
FREIGHT ROUTE TC1 SWAP |
TH |
FREIGHT ROUTE TC5 SWAP |
TI |
FREIGHT ROUTE TD5 SWAP |
TJ |
FREIGHT ROUTE TC4 SWAP |
TK |
FREIGHT ROUTE TD7 SWAP |
TL |
FREIGHT ROUTE TD3 SWAP |
TM |
FREIGHT ROUTE TC2 SWAP |
TN |
FREIGHT ROUTE TD9 SWAP |
TO |
FREIGHT ROUTE TD10D SWAP |
Should you have any questions please contact the customer CME P&S marketing hotline at 212-299-2301.