Effective Sunday, April 17, 2011, for trade date Monday, April 18, 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. NYMEX will allow the exchange for related position (EFRP) transactions to be submitted through CME ClearPort. EFRP transactions in these futures contracts will be governed pursuant to the provisions of Exchange Rule 538.
SPECIFICATIONS:
Contract Title |
Commodity Code |
Rule Chapter |
First Listed Month |
Listing Period |
ICE Brent (Euro-Denominated) Calendar Swap Futures |
IBE |
1055 |
May 2011 |
Current year and next 8 consecutive calendar years. |
ICE Gasoil (Euro-Denominated) Swap Futures |
IGE |
1056 |
May 2011 |
Current year and next 2 consecutive calendar years. |
Mini 3.5% Fuel Oil (Platts) Barges FOB Rdam (Euro-Denominated) Swap Futures |
MFT |
1057 |
May 2011 |
Current year and next 4 consecutive calendar years. |
Mini 1% Fuel Oil (Platts) Cargoes FOB NWE (Euro-Denominated) Swap Futures |
MFE |
1061 |
May 2011 |
Current year and next 4 consecutive calendar years. |
Mini ULSD 10ppm (Platts) Cargoes CIF NWE vs. ICE Gasoil (Euro-Denominated) Swap Futures |
MUL |
1059 |
May 2011 |
36 consecutive months |
Mini Gasoil 0.1 (Platts) Cargoes CIF NWE vs. ICE Gasoil (Euro-Denominated) Swap Futures |
MGG |
1060 |
May 2011 |
36 consecutive months |
· Contract Size:
IBE = 1,000 Barrels
IGE = 1,000 Metric Tons
MFT, MFE, MUL, MGG = 100 Metric Tons
· Termination of Trading: Trading shall cease on the last business day of the contract month.
· Minimum Price Tick: € 0.001
· Value per Tick:
IBE, IGE = € 1.00
MFT, MFE, MUL, and MGG = € 0.10
· Final Settlement Price: Minimum 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).
· Trading and Clearing Fees:
Contract |
CME ClearPort Rates |
NY Trading Floor Rates |
Cash Settlement Fee |
|||
Mini 3.5% Fuel Oil (Platts) Barges FOB Rdam (Euro-Denominated) Swap Futures |
Member |
$0.85 |
Member |
$0.85 |
Member |
$0.10 |
Non-Member |
$1.35 |
Non-Member |
$1.35 |
Non-Member |
$0.10 |
|
|
Blended Floor |
$1.10 |
|
|||
Mini 1% Fuel Oil (Platts) Cargoes FOB NEW (Euro-Denominated) Swap Futures |
Member |
$0.85 |
Member |
$0.85 |
Member |
$0.10 |
Non-Member |
$1.35 |
Non-Member |
$1.35 |
Non-Member |
$0.10 |
|
|
Blended Floor |
$1.10 |
|
|||
Mini ULSD 10ppm (Platts) Cargoes CIF NWE vs. ICE Gasoil (Euro-Denominated) Swap Futures |
Member |
$0.85 |
Member |
$0.85 |
Member |
$0.10 |
Non-Member |
$1.35 |
Non-Member |
$1.35 |
Non-Member |
$0.10 |
|
|
Blended Floor |
$1.10 |
|
|||
Mini Gasoil 0.1 (Platts) Cargoes CIF NWE vs. ICE Gasoil (Euro-Denominated) Swap Futures |
Member |
$0.85 |
Member |
$0.85 |
Member |
$0.10 |
Non-Member |
$1.35 |
Non-Member |
$1.35 |
Non-Member |
$0.10 |
|
|
Blended Floor |
$1.10 |
|
|||
ICE Brent (Euro-Denominated) Calendar Swap Futures |
Member |
$0.85 |
Member |
$0.85 |
Member |
$0.10 |
Non-Member |
$1.35 |
Non-Member |
$1.35 |
Non-Member |
$0.10 |
|
|
Blended Floor |
$1.10 |
|
|||
ICE Gasoil (Euro-Denominated) Swap Futures |
Member |
$7.00 |
Member |
$7.00 |
Member |
$0.10 |
Non-Member |
$9.00 |
Non-Member |
$9.00 |
Non-Member |
$0.10 |
|
|
Blended Floor |
$8.00 |
|
For more information please contact Daniel Brusstar at 212-299-2604.