Effective Sunday, October 16, 2011, for trade date Monday October 17, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list three petroleum 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 |
Brent CFD (Platts) vs. Brent Front Month (Platts) Weekly Swap Futures |
Brent CFD (Platts) vs. Brent Second Month (Platts) Weekly Swap Futures |
Brent CFD (Platts) vs. Brent Third Month (Platts) Weekly Swap Futures |
Commodity Code |
CFA |
CFB |
CFC |
Contract Size |
1,000 barrels |
1,000 barrels |
1,000 barrels |
First Listed Contract |
Week ending 11 November 2011 |
Week ending 21 October 2011 |
Week ending 21 October 2011 |
Listing Period |
The current calendar week and the next eight consecutive calendar weeks excluding weeks that have a Monday which is the 16th of the month or later. |
The current calendar week and the next eight consecutive calendar weeks. |
The current calendar week and the next eight consecutive calendar weeks. |
Termination of Trading |
The contract shall terminate at the close of trading on Friday of the contract week. If such Friday is a UK holiday, the contract will terminate on the UK business day immediately prior to the last Friday of the contract month unless such day is not an Exchange business day, in which case the contract shall terminate on the Exchange business day immediately prior. |
The contract shall terminate at the close of trading on Friday of the contract week. If such Friday is a UK holiday, the contract will terminate on the UK business day immediately prior to the last Friday of the contract month unless such day is not an Exchange business day, in which case the contract shall terminate on the Exchange business day immediately prior. |
The contract shall terminate at the close of trading on Friday of the contract week. If such Friday is a UK holiday, the contract will terminate on the UK business day immediately prior to the last Friday of the contract month unless such day is not an Exchange business day, in which case the contract shall terminate on the Exchange business day immediately prior. |
Minimum Price Intervals |
$0.001 |
$0.001 |
$0.001 |
Value per Tick |
$1.00 |
$1.00 |
$1.00 |
Settlement Tick |
$0.001 |
$0.001 |
$0.001 |
Rule Chapter |
1144 |
1145 |
1146 |
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:
Fees |
|||||
|
Member Day |
Member |
Cross Division |
Non-Member |
IIP |
Pit |
n/a |
$0.85 |
$1.05 |
$1.25 |
|
Globex |
n/a |
n/a |
n/a |
n/a |
n/a |
ClearPort |
|
$0.85 |
|
$1.25 |
|
Processing Fees |
|||||
|
Member |
Non-Member |
|||
Cash Settlement |
$0.85 |
$1.25 |
|||
Futures from E/A |
n/a |
n/a |
|||
|
House Acct |
Cust Acct |
|||
Options E/A Notice |
n/a |
n/a |
|||
Delivery Notice |
n/a |
n/a |
|||
|
|
||||
Additional Fees and Surcharges |
|||||
EFS Surcharge |
$0.00 |
||||
Block Surcharge |
$0.00 |
||||
Facilitation Desk Fee |
$0.20 |
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For more information please contact Richard Stevens at +44 203-379-3790 or Daniel Brusstar at 212-299-2604.