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.