• Listing of Two (2) Petroleum Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6306
      • Notice Date
      • 18 July 2012
      • Effective Date
      • 05 August 2012
    • Effective Sunday, August 5, 2012, for trade date Monday, August 6, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX) will launch two (2) new mini petroleum swap futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. These 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
      Title, Rule Chapter and Commodity Code
       

      Contracts
      Code
      Rule Chapter
      Listing Schedule
      First Listed Contract
      Mini 1% Fuel Oil Cargoes FOB MED (Platts) Swap Futures
      MFD
      1247
      36 consecutive months
      Sept-12
      Mini 3.5% Fuel Oil (Platts) Cargoes FOB MED Calendar Swap Futures
      MMF
      1248
      36 consecutive months
      Sept-12

       
      Contract Size
      MFD and MMF = 100 metric tons
      Prices and Fluctuations
      MFD and MMF = Minimum price tick = $0.001 
                                 Final settlement tick = $0.001 
                                 Value per tick = $0.10
       
       
      Termination of Trading
      MMF and MFD = Trading shall cease on the last business day of the contract month.
       
       
       
      Fee Schedule:
       

      Mini 1% Fuel Oil Cargoes FOB MED (Platts) Swap Futures
       
      Mini 3.5% Fuel Oil (Platts) Cargoes FOB MED Calendar Swap Futures
       
       
      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
       
       
       

      Should you have any questions or require any further information, please contact Richard Stevens +44 20 3379 3790 or Elizabeth Hui +44 20 3379 3707.

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