Please be advised that effective Sunday, April 17, 2011, for trade date Monday, April 18, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list a Steel Billet, FOB Black Sea (Platts) Swap Futures contract for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The contract will be listed with NYMEX, and subject to, the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.
Contract Name |
Steel Billet, FOB Black Sea (Platts) Swap Futures |
Code |
SSF |
Contract Unit |
100 metric tons |
Price Quotation |
U.S. dollars and cents per metric ton |
Minimum Price Tick |
$0.01 |
Minimum Settlement Tick |
$0.01 |
First Listed Month |
May 2011 |
Listing Period |
24 consecutive months |
Termination of Trading |
Trading terminates on the last business day of the contract month. If the last business day of the contract month is a UK banking holiday, the last trade date will be the business day immediately preceding the holiday |
Settlement Index |
Platts |
Rule Chapter |
869 |
Trading Hours
· Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
· 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)
Exchange Fees
Exchange Fees |
|||||
|
Member Day |
Member |
Cross Division |
Non-Member |
IIP |
Pit |
$4.00 |
$4.00 |
$5.00 |
$6.00 |
|
Globex |
N/A |
N/A |
N/A |
N/A |
N/A |
ClearPort |
|
$4.00 |
|
$6.00 |
|
Processing Fees |
||
|
Member |
Non-Member |
Cash Settlement |
$1.00 |
$1.00 |
Futures from E/A |
N/A |
N/A |
|
House Account |
Customer Account |
Options E/A Notice |
N/A |
N/A |
Delivery Notice |
N/A |
N/A |
Additional Fees and Surcharges |
|
EFS Surcharge |
N/A |
Block Surcharge |
N/A |
Facilitation Desk Fee |
$1.00 |
ClearPort Volume Discount Program - Exchange Fees |
|||
|
Volume Threshold |
Disc. Member Rate |
Disc. Non-Member Rate |
ClearPort |
n/a |
n/a |
n/a |
For more information please contact Joann Arena at (212) 299-2356.