• Listing of Five Japanese Refined Products on NYMEX Trading Floor and CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6194
      • Notice Date
      • 11 April 2012
      • Effective Date
      • 29 April 2012
    • Effective Sunday, April 29, 2012, for trade date Monday, April 30, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following five Japanese refined swap 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 will be listed with, and subject to, the rules and regulations of NYMEX.
      CONTRACT SPECIFICATIONS

      Contract
      Code
      Chapter
      Tokyo Bay Gasoline (RIM) Swap Futures
      RMG
      1225
      Tokyo Bay Kerosene (RIM) Swap Futures
      RMK
      1226
      Tokyo Bay 10ppm Gasoil (RIM) Swap Futures
      RMS
      1227
      Tokyo Bay A-Grade 1% Sulfur Fuel Oil (RIM) Swap Futures
      RMF
      1228
      Tokyo Bay A-Grade 0.1% Sulfur Fuel Oil (RIM) Swap Futures
      RMU
      1229

       
       
       
       
       
       
       
       
       
       
      CONTRACT SPECIFICATIONS
      ·         First Listed Month: June 2012
      ·         Listing Period: 6 consecutive calendar months.
      ·         Contract Size: 50 Kiloliters (50,000 liters)
      ·         Termination of Trading: Trading shall cease on the last trading day of the contract month.
      ·         Minimum Price Tick: One Japanese yen (¥1) per kiloliter.
      ·         Value per Tick: Fifty Japanese yen (¥50) per kiloliter
      ·         Final Settlement Price: Settlement tick = one Japanese yen (¥1) per kiloliter
      ·         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).
      ·         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.
      ·         Fee Schedule:

      Exchange 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
      $0.10
      $0.10
      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

       
      Please refer questions on this subject to:
      Research and Product Development
      Richard Stevens                        Richard.Stevens@cmegroup.com                      +44 (20) 3379 3790
      Owain Johnson                         Owain.Johnson@cmegroup.com                        +65 6593 5568
       

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