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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.
CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
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