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Listing of Nine (9) New European Petroleum Futures on NYMEX Trading Floor and CME ClearPort
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- To
- Members, Member Firms and Market Users
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- From
- Market Regulation Department
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- #
- SER-5257
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- Notice Date
- 25 May 2010
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- Effective Date
- 06 June 2010
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Effective Sunday, June 6, 2010 for trade date Monday, June 7, 2010, the New York Mercantile Exchange, Inc. (NYMEX) will list the following nine (9) new European petroleum futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The futures contracts will be financially settled. The contracts are listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.
The contract titles, commodity codes, rule chapters, first listed month and listing periods are provided in the table below.
Contract
Code
Rule Chapter
First Listed Month
Listing Period
3.5% Fuel Oil (Platts) Barges FOB Rdam Crack Spread (1000mt) Swap Futures
BOB
141
July 2010
Current year and next 4 consecutive years
1.0% Fuel Oil (Platts) Cargoes FOB NWE Crack Spread (1000mt) Swap Futures
FVB
142
July 2010
Current year and next 4 consecutive years
Gasoil (ICE) Crack Spread (1000mt) Swap Futures
GOC
143
July 2010
Current year and next 4 consecutive years
Gasoil 0.1% (Platts) Barges FOB Rdam Crack Spread (1000mt) Swap Futures
GOB
144
July 2010
Current year and next 4 consecutive years
Gasoil 0.1% (Platts) Cargoes CIF NWE Crack Spread (1000mt) Swap Futures
GEB
145
July 2010
Current year and next 4 consecutive years
Argus Gasoline Eurobob Oxy Barges NWE Crack Spread (1000mt) Swap Futures
EOB
146
July 2010
Current year and next 4 consecutive years
Argus Gasoline Eurobob Oxy Barges NWE Crack Spread (1000mt) BALMO Swap
AES
147
June 2010
One month and the following month listed 10 business days prior to the start of the contract month
Naphtha (Platts) Cargoes CIF NWE Crack Spread (1000mt) Swap Futures
NOB
148
July 2010
Current year and next 4 consecutive years
Naphtha (Platts) Cargoes CIF NWE Crack Spread (1000mt) BALMO Swap Futures
NBB
149
June 2010
One month and the following month listed 10 business days prior to the start of the contract month
Contract Size:
BOB, FVB = 6,350 Barrels
GOC, GOB, GEB = 7,450 Barrels
EOB, AES = 8,330 Barrels
NOB, NBB = 8,900 Barrels
Termination of Trading:
Trading shall cease on the last business day of the contract month.
Minimum Price Intervals and Value per Tick:
BOB, FVB
GOC, GOB, GEB
EOB, AES
NOB, NBB
Min Tick
$0.001
$0.001
$0.001
$0.001
Value per Tick
$6.35
$7.45
$8.33
$8.90
Final Settlement Price:
Settlement Tick (BOB, FVB, GOC, GOB, GEB. EOB, AES, NOB, NBB) = $0.001
Trading and Clearing Hours:
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).
Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT).
Fees:
Contract
CME ClearPort Rates
NY Trading Floor Rates
Cash Settlement Fee
3.5% Fuel Oil (Platts) Barges FOB Rdam Crack Spread (1000mt) Swap Futures
Member
$7.00
Member
$7.00
Member
$1,00
Non-Member
$9.00
Non-Member
$9.00
Non-Member
$1.00
Blended Floor
$8.00
1.0% Fuel Oil (Platts) Cargoes FOB NWE Crack Spread (1000mt) Swap Futures
Member
$7.00
Member
$7.00
Member
$1.00
Non-Member
$9.00
Non-Member
$9.00
Non-Member
$1.00
Blended Floor
$8.00
Gasoil (ICE) Crack Spread (1000mt) Swap Futures
Member
$7.00
Member
$7.00
Member
$1.00
Non-Member
$9.00
Non-Member
$9.00
Non-Member
$1.00
Blended Floor
$8.00
Gasoil 0.1% (Platts) Barges FOB Rdam Crack Spread (1000mt) Swap Futures
Member
$7.00
Member
$7.00
Member
$1.00
Non-Member
$9.00
Non-Member
$9.00
Non-Member
$1.00
Blended Floor
$8.00
Gasoil 0.1% (Platts) Cargoes CIF NWE Crack Spread (1000mt) Swap Futures
Member
$7.00
Member
$7.00
Member
$1.00
Non-Member
$9.00
Non-Member
$9.00
Non-Member
$1.00
Blended Floor
$8.00
Argus Gasoline Eurobob Oxy Barges NWE Crack Spread (1000mt) Swap Futures
Member
$7.00
Member
$7.00
Member
$1.00
Non-Member
$9.00
Non-Member
$9.00
Non-Member
$1.00
Blended Floor
$8.00
Argus Gasoline Eurobob Oxy Barges NWE Crack Spread (1000mt) BALMO Swap
Member
$7.00
Member
$7.00
Member
$1.00
Non-Member
$9.00
Non-Member
$9.00
Non-Member
$1.00
Blended Floor
$8.00
Naphtha (Platts) Cargoes CIF NWE Crack Spread (1000mt) Swap Futures
Member
$7.00
Member
$7.00
Member
$1.00
Non-Member
$9.00
Non-Member
$9.00
Non-Member
$1.00
Blended Floor
$8.00
Naphtha (Platts) Cargoes CIF NWE Crack Spread (1000mt) BALMO Swap Futures
Member
$7.00
Member
$7.00
Member
$1.00
Non-Member
$9.00
Non-Member
$9.00
Non-Member
$1.00
Blended Floor
$8.00
For more information please contact Daniel Brusstar at 212-299-2604.
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