• Listing of Liquefied Natural Gas (LNG) Product on NYMEX Trading Floor and CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6305
      • Notice Date
      • 28 June 2012
      • Effective Date
      • 15 July 2012
    • Effective Sunday, July 15, 2012, for trade date Monday, July 16, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list an LNG East Asia Index (ICIS Heren) Swap futures contract for open outcry trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. This contract will be listed with, and subject to, the rules and regulations of NYMEX.
       
      Specification Summary:
       

      Contract Name
      LNG East Asia Index (ICIS Heren) Swap Futures
      Commodity Code
      LAI
      Chapter
      1249
      Settlement Type
      Financial
      Contract Size
      10,000 MMBtu
      Termination of Trading
      The 15th calendar day of the month prior to the contract month, or if this is not an Exchange business day, the preceding Exchange business day.
      Minimum Price Fluctuation
      $0.005 per MMBtu
      Final Settlement Price Tick
      $0.001 per MMBtu
      First Listed Contract
      September 2012
      Listing Convention
      12 consecutive calendar months
      Trading 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
      $5.00
      $6.00
      $7.00
      Globex
      n/a
      n/a
      n/a
      n/a
      n/a
      ClearPort
      $5.00
      $7.00
      Other Processing Fees
      Additional Fees and Surcharges
       
      Member
      Non-Member
      EFS Surcharge
      n/a
      Cash Settlement
      $5.00
      $7.00
      Block Surcharge
      n/a
      Futures from E/A
      n/a
      n/a
      Facilitation Desk Fee
      $0.20
       
      House Acct
      Customer Acct
       
      Options E/A Notice
      n/a
      n/a
      Delivery Notice
      n/a
      n/a

       
       
       
      For additional information, please contact:
       
      Richard Stevens         Richard.Stevens@cmegroup.com                 +44 20 3379 3790
      Justin Bozzino             Justin.Bozzino@cmegroup.com                    +44 20 3379 3722

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