-
Listing of Two (2) European Diesel Spread Contracts on the NYMEX Trading Floor and CME ClearPort
-
-
- To
- Members, Member Firms and Market Users
-
- From
- Market Regulation Department
-
- #
- SER-5936
-
- Notice Date
- 06 October 2011
-
- Effective Date
- 16 October 2011
-
Effective Sunday, October 16, 2011, for trade date Monday October 17, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list two petroleum spread 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, and subject to, the rules and regulations of NYMEX.
Contract Specifications:
Contract Title
ULSD 10ppm Cargoes CIF MED vs. ULSD 10ppm Cargoes CIF NWE (Platts) Swap Futures
Diesel 10 ppm Barges FOB Rdam vs. ULSD 10ppm Cargoes CIF NWE (Platts) Swap Futures
Commodity Code
UCU
BBU
Contract Size
1,000 metric tons
1,000 metric tons
First Listed Month
November 2011
November 2011
Listing Period
36 consecutive months
36 consecutive months
Termination of Trading
Trading shall cease on the last business day of the contract month
Trading shall cease on the last business day of the contract month
Minimum Price Intervals
$0.001
$0.001
Value per Tick
$1.00
$1.00
Settlement Tick
$0.001
$0.001
Rule Chapter
1125
1126
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.
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:
ULSD 10ppm Cargoes CIF MED vs. ULSD 10ppm Cargoes CIF NWE (Platts) Swap Futures
Member Day
Member
Cross Division
Non-Member
IIP
Pit
n/a
$7.00
$8.00
$9.00
Globex
n/a
n/a
n/a
n/a
n/a
ClearPort
$6.00
$9.00
Processing Fees
Member
Non-Member
Cash Settlement
$7.00
$9.00
*only applies to financially settled contracts
Futures from E/A
n/a
n/a
*applies to futures contracts
House Acct
Cust Acct
Options E/A Notice
n/a
n/a
*applies to physical options
Delivery Notice
n/a
n/a
*applies to physical futures
Additional Fees and Surcharges
EFS Surcharge
$0.00
*$2.50 fee typically only charged on our core physical contracts
Block Surcharge
$0.00
*$0.10 fee charged on block trades
Facilitation Desk Fee
$0.20
*fee applies to CPC trades entered by ClearPort Market Ops
Diesel 10 ppm Barges FOB Rdam vs. ULSD 10ppm Cargoes CIF NWE (Platts) Swap Futures
Member Day
Member
Cross Division
Non-Member
IIP
Pit
n/a
$7.00
$8.00
$9.00
Globex
n/a
n/a
n/a
n/a
n/a
ClearPort
$7.00
$9.00
Processing Fees
Member
Non-Member
Cash Settlement
$7.00
$9.00
*only applies to financially settled contracts
Futures from E/A
n/a
n/a
*applies to futures contracts
House Acct
Cust Acct
Options E/A Notice
n/a
n/a
*applies to physical options
Delivery Notice
n/a
n/a
*applies to physical futures
Additional Fees and Surcharges
EFS Surcharge
$0.00
*$2.50 fee typically only charged on our core physical contracts
Block Surcharge
$0.00
*$0.10 fee charged on block trades
Facilitation Desk Fee
$0.20
*fee applies to CPC trades entered by ClearPort Market Ops
For more information please contact Daniel Brusstar at 212-299-2604 or Elizabeth Hui at 212-299-2623.
-
© 2024 CME Group Inc. All rights reserved.