• CME ClearPort® Clearing Freight Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5084
      • Notice Date
      • 22 December 2009
      • Effective Date
      • 22 December 2009
    • 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.