Effective Sunday, December 11, 2011, for trade date Monday, December 12, 2011, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following petroleum swap futures contract for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. This futures contract will be financially settled. The contract is listed with, and subject to, the rules and regulations of NYMEX.
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
• Title: Mini Singapore Gasoil (Platts) Swap Futures
• Code: MSG
• Chapter: 1155
• First Listed Month: Jan 2011
• Listing Period: 24 consecutive calendar months
• Contract Size: 100 barrels
• Termination of Trading: Trading shall cease on the last trading day of the contract month (Singapore holiday calendar)
• Minimum Price Tick: $0.001 per barrel
• Value per Tick: $0.10 per barrel
• Final Settlement Price: Settlement tick = $0.001
• 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).
• Fees:
Exchange Fees |
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|
Member Day |
Member |
Cross Division |
Non-Member |
IIP |
Pit |
n/a |
$0.09 |
$0.11 |
$0.13 |
|
Globex |
n/a |
n/a |
n/a |
n/a |
n/a |
ClearPort |
|
$0.09 |
|
$0.13 |
|
Processing Fees |
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|
Member |
Non-Member |
|||
Cash Settlement |
$0.09 |
$0.13 |
*only applies to financially settled contracts |
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Futures from E/A |
n/a |
n/a |
*applies to futures contracts |
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|
House Acct |
Cust Acct |
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Options E/A Notice |
n/a |
n/a |
*applies to physical options |
||
Delivery Notice |
n/a |
n/a |
*applies to physical futures |
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|
|
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Additional Fees and Surcharges |
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EFS Surcharge |
$0.00 |
*$2.50 fee typically only charged on our core physical contracts |
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Block Surcharge |
$0.00 |
*$0.10 fee charged on block trades |
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Facilitation Desk Fee |
$0.05 |
*fee applies to CPC trades entered by ClearPort Market Ops |
Should you have any questions or require any further information, please contact Owain Johnson at (65) 6593-5568 or Richard Stevens at (44) 20-7796-7129.