• Listing of East-West Fuel Oil BALMO Futures on NYMEX Trading Floor and CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6273
      • Notice Date
      • 14 June 2012
      • Effective Date
      • 01 July 2012
    • Effective Sunday, July 1, 2012, for trade date Monday, July 2, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX) will launch an East-West Fuel Oil balance-of-month futures contract for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The contract is listed with, and subject to, the rules and regulations of NYMEX. 
      CONTRACT SPECIFICATIONS
      ·         Title: East-West Fuel Oil Spread (Platts) BALMO Swap Futures
      ·         Commodity Code: EWB
      ·         Rule Chapter: 1082
      ·         Listing Schedule: One month and the following month listed 10 business days prior to the start of the contract month.
      ·         First Listed Month: July 2012
      ·         Contract Size: 1,000 metric tons
      ·         Prices and Fluctuations: Minimum price tick = $0.001; Final settlement tick = $0.001; Value per tick = $1.00
      ·         Termination of Trading: Trading shall cease on the last business day of the contract month.
      ·         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.
      ·         Fees:
       

      East-West Fuel Oil Spread (Platts) BALMO Swap Futures
       
      Exchange Fees
       
       
      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
      $7.00
      $9.00
       
       
      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
      $0.40
       
       

      Please refer questions on this subject to:
      Research and Product Development
      Richard Stevens                        Richard.Stevens@cmegroup.com                      +44 (20) 3379 3790
      Elizabeth Hui                             Elizabeth.Hui@cmegroup.com                         +44 (20) 3379 3707
       

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