• Listing of Six (6) Natural Gas Liquid (NGL) Futures and Two (2) Plastics Futures on NYMEX Trading Floor and CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5258
      • Notice Date
      • 25 May 2010
      • Effective Date
      • 06 June 2010

    • Effective Sunday, June 6, 2010 for trade date Monday, June 7, 2010, the New York Mercantile Exchange, Inc. (NYMEX) will list the following six (6) new natural gas liquids (NGL) futures and two (2) new plastics 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 and listing periods are provided in the table below.

      Contract

      Code

      Rule Chapter

      Listing Period

      Conway Propane (OPIS) BALMO Swap Futures

      CPB

      133

      One month and the following month listed 10 business days prior to the start of the contract month

      Conway Natural Gasoline (OPIS) BALMO Swap Futures

      CGB

      134

      One month and the following month listed 10 business days prior to the start of the contract month

      Conway Normal Butane (OPIS) BALMO Swap Futures

      CBB

      135

      One month and the following month listed 10 business days prior to the start of the contract month

      Daily Mont Belvieu LDH Propane (OPIS) Swap Futures

      C3D

      136

      Two (2) consecutive months

      Daily Mont Belvieu Normal Butane (Non-LDH) (OPIS) Swap Futures

      C4D

      137

      Two (2) consecutive months

      Daily Mont Belvieu Natural Gasoline (Non-LDH) (OPIS) Swap Futures

      C5D

      138

      Two (2) consecutive months

      HDPE High Density Polyethylene (PCW) Calendar Swap Futures

      HPE

      139

      Twenty-four (24) consecutive months

      LLDPE Linear Low Density Polyethylene (PCW) Calendar Swap Futures

      LPE

      140

      Twenty-four (24) consecutive months

      First Listed Month:

      June 2010 contract month

      Contract Size:

      CPB, CGB, CBB, C3D, C4D, C5D = 42,000 Gallons

      HPE, LPE = 47,000 Pounds

      Termination of Trading:

      CPB, CGB, CBB: Trading shall cease on the last business day of the contract month.

      C3D, C4D, C5D: Trading shall cease on the listed date. If listed date is not a business day then trading shall cease on the previous business day.

      HPE, LPE: Trading shall cease on the last business day of the contract month.

      Minimum Price Intervals and Value per Tick:

       

      CPB, CGB, CBB

      C3D, C4D, C5D

      HPE, LPE

      Min Tick

      $0.00001

      $0.00001

      $0.00001

      Value per Tick

      $0.42

      $0.42

      $0.47

      Final Settlement Price:

      Settlement Tick (CPB, CGB, CBB, C3D, C4D, C5D, HPE, LPE) = $0.00001

      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

      Daily Mont Belvieu Normal Butane (Non-LDH) Swap Futures

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

       

      Blended Floor

      $1.10

       

      Daily Mont Belvieu LDH Propane Swap Futures

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

       

      Blended Floor

      $1.10

       

      Daily Mont Belvieu Natural Gasoline (Non-LDH) Swap Futures

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

       

      Blended Floor

      $1.10

       

      HDPE High Density Polyethylene (PCW) Calendar Swap Futures

      Member

      $6.00

      Member

      $6.00

      Member

      $6.00

      Non-Member

      $7.50

      Non-Member

      $7.50

      Non-Member

      $7.50

       

      Blended Floor

      $6.75

       

      LLDPE Linear Low Density Polyethylene (PCW) Calendar Swap Futures

      Member

      $6.00

      Member

      $6.00

      Member

      $6.00

      Non-Member

      $7.50

      Non-Member

      $7.50

      Non-Member

      $7.50

       

      Blended Floor

      $6.75

       

      Conway Propane (OPIS) BALMO Swap Futures

      Member

      $2.20

      Member

      $2.20

      Member

      $2.20

      Non-Member

      $2.70

      Non-Member

      $2.70

      Non-Member

      $2.70

       

      Blended Floor

      $2.45

       

      Conway Natural Gasoline (OPIS) BALMO Swap Futures

      Member

      $2.20

      Member

      $2.20

      Member

      $2.20

      Non-Member

      $2.70

      Non-Member

      $2.70

      Non-Member

      $2.70

       

      Blended Floor

      $2.45

       

      Conway Normal Butane (OPIS) BALMO Swap Futures

      Member

      $2.20

      Member

      $2.20

      Member

      $2.20

      Non-Member

      $2.70

      Non-Member

      $2.70

      Non-Member

      $2.70

       

      Blended Floor

      $2.45

       

      For more information please contact Daniel Brusstar at 212-299-2604.

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