SER-5332 - CME Group

Launch of the Mont Belvieu Spot Ethylene In-Well (PCW) Futures on NYMEX Trading Floor and CME ClearPort

- To
- Members, Member Firms and Market Users
- From
- Market Regulation Department
- #
- SER-5332
- Notice Date
- 05 August 2010
- Effective Date
- 22 August 2010

Please be advised that effective Sunday, August 22, 2010, for trade date Monday, August 23, 2010, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following contract for trading on the NYMEX trading floor and for clearing through CME ClearPort:

· Mont Belvieu Ethylene in-Well (PCW) Futures (Commodity code: MBE; Chapter 242)

The contract is listed with NYMEX, and subject to, the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc. The contract specifications are provided below.

“MBE” Contract Specifications:

· Trading size: 100,000 pounds per contract.

· Traded in U.S. dollars and cents per pound.

· Minimum tick price: $0.00001.

· Value per tick: $1.00.

· First listed month: September 2010 contract month.

· Listing period: 24 consecutive contract months.

· Physically settled based on the PetroChem Wire, LLC ("PCW”) closing price for Ethylene Mont Belvieu, Williams.

· Termination of Trading: Trading or clearing in a current delivery month shall cease on the second-to-last business day of the delivery month.

· Fee schedule:

Mont Belvieu Ethylene in-Well (PCW) Futures
CME ClearPort Rates		NY Trading Floor Rates		Cash Settlement Fee
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
EFS surcharge waived		Delivery Notice	$1.00	House & customer account

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).

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

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