• Listing of Nine (9) Petroleum Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6133
      • Notice Date
      • 29 February 2012
      • Effective Date
      • 11 March 2012
    • Effective Sunday, March 11, 2012, for trade date Monday, March 12, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX) will launch nine (9) new petroleum swap futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The contracts are listed with, and subject to, the rules and regulations of NYMEX. NYMEX will allow the exchange of futures for related position (EFRP) transactions to be submitted through CME ClearPort pursuant to the provisions of Exchange Rule 538. 
      CONTRACT SPECIFICATIONS
       

      Contracts
      Code
      Rule Chapter
      Listing Schedule
      First Listed Contract
      Contract Size
      Prices and Fluctuations
      Termination of Trading
      Dated Brent (Platts) BALMO Swap Futures
      DBB
      1193
      One month and the following month listed 10 business days prior to the start of the contract month.
      Mar-12
      1,000 barrels
      Minimum price
      tick = $0.001
      Final settlement
      tick = $0.001
      Value per
      tick = $1.00
      Trading shall cease on the last business day of the contract month
      1% Fuel Oil (Platts) Cargoes CIF MED BALMO Swap Futures
      FOB
      1194
      One month and the following month listed 10 business days prior to the start of the contract month.
      Mar-12
      1,000 metric tons
      Minimum price
      tick = $0.001
      Final settlement
      tick = $0.001
      Value per
      tick = $1.00
      Trading shall cease on the last business day of the contract month
      1% Fuel Oil (Platts) Cargoes FOB MED BALMO Swap Futures
      FOM
      1195
      One month and the following month listed 10 business days prior to the start of the contract month.
      Mar-12
      1,000 metric tons
      Minimum price
      tick = $0.001
      Final settlement
      tick = $0.001
      Value per
      tick = $1.00
      Trading shall cease on the last business day of the contract month
      Mini European Naphtha (Platts) BALMO Swap Futures
      MEN
      1196
      One month and the following month listed 10 business days prior to the start of the contract month.
      Mar-12
      100 metric tons
      Minimum price
      tick = $0.001 
      Final settlement
      tick = $0.001 
      Value per
      tick = $0.10
      Trading shall cease on the last business day of the contract month
      Contracts
      Code
      Rule Chapter
      Listing Schedule
      First Listed Contract
      Contract Size
      Prices and Fluctuations
      Termination of Trading
      Mini Gasoline Euro-bob Oxy (Argus) NWE Barges Swap Futures
      MEO
      1197
      36 consecutive months
      Apr-12
      100 metric tons
      Minimum price
      tick = $0.001 
      Final settlement
      tick = $0.001 
      Value per
      tick = $0.10
      Trading shall cease on the last business day of the contract month
      Gasoline 10 ppm (Platts) FOB MED Crack Spread Swap Futures
      GKS
      1198
      36 consecutive months
      Apr-12
      1,000 barrels
      Minimum price
      tick = $0.001
      Final settlement
      tick = $0.001
      Value per
      tick = $1.00
      Trading shall cease on the last business day of the contract month
      3.5% Fuel Oil (Platts) Barges FOB Rdam Crack Spread BALMO Swap Futures
      FCB
      1204
      One month and the following month listed 10 business days prior to the start of the contract month
      Mar-12
      1,000 barrels
      Minimum price
      tick = $0.001
      Final settlement
      tick = $0.001
      Value per
      tick = $1.00
      Trading shall cease on the last business day of the contract month
      3.5% Fuel Oil (Platts) FOB MED Crack Spread BALMO Swap Futures
      FOA
      1205
      One month and the following month listed 10 business days prior to the start of the contract month
      Mar-12
      1,000 barrels
      Minimum price
      tick = $0.001
      Final settlement
      tick = $0.001
      Value per
      tick = $1.00
      Trading shall cease on the last business day of the contract month
      RBOB Gasoline vs. Euro-bob Oxy (Argus) NWE Barges Swap Futures
      XER
      1206
      24 consecutive months
      Apr-12
      1,000 barrels
      Minimum price
      tick = $0.001
      Final settlement
      tick = $0.001
      Value per
      tick = $1.00
      Trading shall cease on the last business day of the contract month

       
      Fee Schedule:
       

      Exchange Fees: GKS, FCB, FOA, XER
       
      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
      Additional Fees and Surcharges
       
      Member
      Non-Member
      EFS Surcharge
      $0.00
      Cash Settlement
      $0.85
      $1.25
      Block Surcharge
      $0.00
      Futures from E/A
      n/a
      n/a
      Facilitation Desk Fee
      $0.20
       
      House Acct
      Cust Acct
      Options E/A Notice
      n/a
      n/a
      Delivery Notice
      n/a
      n/a

       


       

      Exchange Fees: DBB, MEO, MEN
       
      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
      $0.10
      $0.10
      Futures from E/A
      n/a
      n/a
      Additional Fees and Surcharges
      EFS Surcharge
      n/a
      Block Surcharge
      n/a
      Facilitation Desk Fee
      $0.20

       
       

      Exchange Fees: FOB, FOM
       
      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
      $0.10
      $0.10
      Futures from E/A
      n/a
      n/a
      Additional Fees and Surcharges
      EFS Surcharge
      n/a
      Block Surcharge
      n/a
      Facilitation Desk Fee
      $0.20

       
      Please refer questions on this subject to:
      Energy Research:
      Dan Brusstar                             Daniel.Brusstar@cmegroup.com                        212.299.2604
      Richard Stevens                        Richard.Stevens@cmegroup.com                      +44 20 3379 3790
      Elizabeth Hui                             Elizabeth.Hui@cmegroup.com                           +44 20 3379 3707

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