Please be advised that effective Sunday, June 26, 2011, for trade date Monday, June 27, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list a new natural gas swap contract, SoCal Swap (Platts IFERC) Futures, for open outcry trading and for clearing through CME ClearPort. The contract is listed with NYMEX, and subject to, the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.
CONTRACT SPECIFICATIONS:
· Commodity Code: XN
· Floating Price: Floating Price for each contract month will be equal to the bidweek price (average) (Bidweek Price) for the Southern California Gas Co. under the California heading found in Platts Inside Ferc (IFERC) Gas Market Report – Market Center Spot Gas Prices, for the corresponding contract month.
· Settlement Type: Financial
· Contract Unit: 2,500 MMBtu
· Termination Date: Last business day of the month prior to the contract month.
· Minimum Price Fluctuation: $0.0001 per MMBtu
· First Listed Month: July 2011
· Listing Period: balance of current year + 5 consecutive years
· Trading Hours:
Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 p.m. – 1:30 p.m. Chicago Time/CT).
CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).
· Fee Schedule:
Exchange Fees |
||||||
Member Day |
Member |
Cross Division |
Non-Member |
IIP |
||
Pit |
$0.54 |
$0.54 |
$0.61 |
$0.67 |
||
Globex |
NA |
NA |
NA |
NA |
NA |
|
ClearPort |
$0.54 |
$0.67 |
||||
Processing Fees |
||||||
Member |
Non-Member |
|||||
Cash Settlement |
$0.10 |
$0.10 |
||||
Futures from E/A |
NA |
NA |
||||
House Acct |
Cust Acct |
|||||
Options E/A Notice |
NA |
NA |
||||
Delivery Notice |
NA |
NA |
||||
Additional Fees and Surcharges |
||||||
EFS Surcharge |
NA |
|||||
Block Surcharge |
NA |
|||||
Facilitation Desk Fee |
$0.05 |
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For more information, please contact Brad Leach at (212) 299-2609 or Pat McKinnon at (713) 658-9299.