-
Listing of Seven (7) Fuel Oil Futures on NYMEX Trading Floor and CME ClearPort
-
-
- To
- Members, Member Firms and Market Users
-
- From
- Market Regulation Department
-
- #
- SER-5592
-
- Notice Date
- 10 February 2011
-
- Effective Date
- 27 February 2011
-
Effective Sunday, February 27, 2011, for trade date Monday, February 28, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following petroleum futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. These 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 specifications are provided below.
Contract
Code
Rule Chapter
Gulf Coast No. 6 Fuel Oil 3.0% vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) Swap Futures
GCU
425
New York Fuel Oil 1.0% vs. European 1% Fuel Oil Cargoes FOB NWE (Platts) Swap Futures
NYF
426
New York 0.3% Fuel Oil HiPr vs. New York Fuel Oil 1.0% (Platts) Swap Futures
NYH
492
New York 0.3% Fuel Oil HiPr (Platts) BALMO Swap Futures
NYB
483
New York 0.7% Fuel Oil (Platts) BALMO Swap Futures
NYS
427
New York 2.2% Fuel Oil (Platts) BALMO Swap Futures
NYE
330
New York 3.0% Fuel Oil (Platts) BALMO Swap Futures
NYT
331
The Exchange will allow the exchange for related position (EFRP) transactions to be submitted through CME ClearPort. EFRP transactions in these futures contracts will be governed by the provisions of Exchange Rule 538.
CONTRACT SPECIFICATIONS
· First Listed Month: March 2011
· Listing Period: GCU, NYF, NYH = 36 consecutive months
NYB, NYS, NYE, NYT = One month and the following month listed 10 business days prior to the start of the contract month.
· Contract Size: 1,000 Barrels
· Termination of Trading: Trading shall cease on the last business day of the contract month.
· Minimum Price Tick: $0.001
· Value per Tick: $1.00
· Final Settlement Price: Settlement tick = $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
Gulf Coast No. 6 Fuel Oil 3.0% vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) 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
New York Fuel Oil 1.0% vs. European 1% Fuel Oil Cargoes FOB NWE (Platts) 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
New York 0.3% Fuel Oil HiPr vs. New York Fuel Oil 1.0% (Platts) 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
New York 0.3% Fuel Oil HiPr (Platts) BALMO 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
New York 0.7% Fuel Oil (Platts) BALMO 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
New York 2.2% Fuel Oil (Platts) BALMO 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
New York 3.0% Fuel Oil (Platts) BALMO 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
For more information please contact Daniel Brusstar at 212-299-2604.
-
© 2024 CME Group Inc. All rights reserved.