• Listing of TC6 Freight Swap Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6163
      • Notice Date
      • 14 March 2012
      • Effective Date
      • 01 April 2012
    • Effective Sunday, April 1, 2012, and for trade date Monday, April 2, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will launch the contract below for trading on the NYMEX trading floor and submission for clearing through CME ClearPort. The contract is listed with, and subject to, the rules and regulations of NYMEX.
      SPECIFICATION SUMMARY
      ·       Contract Name: Freight Route TC6 (Baltic) Swap Futures
      ·       Commodity Code: TC6
      ·       Rule Chapter: 1053
      ·       Contract Size: 1,000 metric tons
      ·       Minimum Price Fluctuation: Prices shall be quoted in dollars and cents per metric ton. The minimum fluctuation shall be $0.0001 per metric ton ($0.10 per contract).
      ·       Listing Schedule: 24 consecutive months
      ·       First Contract Listed: April 2012
      ·       Last Trading Day: Trading shall cease on the last business day of the contract month.
      ·       Trading and Clearing Hours:
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.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
      n/a
      $4.00
      $4.50
      $5.00
      Globex
      n/a
      n/a
      n/a
      n/a
      n/a
      ClearPort
      $4.00
      $5.00
      Processing Fees
      Additional Fees and Surcharges
       
      Member
      Non-Member
      EFS Surcharge
      n/a
      Cash Settlement
      $0.00
      $0.00
      Block Surcharge
      n/a
      Futures from E/A
      n/a
      n/a
      Facilitation Desk Fee
      $1.00
       
      House Acct
      Customer Acct
      Options E/A Notice
      n/a
      n/a
      Delivery Notice
      n/a
      n/a

      Please refer questions on this subject to:
      Research and Product Development
      Richard Stevens                        richard.stevens@cmegroup.com                        +44 20 3379 3790

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