Effective Sunday, June 5, 2011, for trade date Monday, June 6, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list two Singapore Gasoline Crack Spread Swap Futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The 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 listing periods are provided in the table below.
Contract |
Code |
Chapter |
Listing Period |
Singapore Mogas 92 Unleaded (Platts) Dubai Crack Spread Swap Futures |
1ND |
1084 |
12 consecutive months |
Singapore Mogas 92 Unleaded (Platts) Brent Crack Spread Swap Futures |
1NB |
1085 |
12 consecutive months |
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 – pending self-certification with the Commodity Futures Trading Commission
· First Listed Month: July 2011
· Contract Size: 1,000 Barrels
· Termination of Trading: Trading shall cease on the last business day of the contract month.
· Minimum Price Intervals and Value per Tick: Minimum price tick = $0.001; Value per tick = $1.00
· Final Settlement Price: Settlement tick = $0.001
· Clearing and Trading 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).
· All Month Accountability Level: 1ND = 7,000/10,000; 1NB = 7,000/20,000
· Any One Month Accountability Level: 1ND = 5,000/10,000; 1NB = 5,000/20,000
· Expiration Month Limit: 1ND = 1,000/1,000; 1NB = 1,000/2,000
· Reporting Level: 25
· Exchange Fees:
CME ClearPort |
NY Trading Floor |
Cash Settlement |
|||
Member |
$0.85 |
Member |
$0.85 |
Member |
$0.85 |
Non-Member |
$1.25 |
Non-Member |
$1.25 |
Non-Member |
$1.25 |
|
Blended Floor |
$1.05 |
|
For more information please contact Owain Johnson at +65-6593-5568.