• Listing of Chinese Steel Rebar HRB400 (Mysteel) Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6397
      • Notice Date
      • 27 September 2012
      • Effective Date
      • 14 October 2012
    • Effective Sunday, October 14, 2012, for trade date Monday, October 15, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the Chinese Steel Rebar HRB400 (Mysteel) futures for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. This futures contract will be financially settled. The contract is listed with, and subject to, the rules and regulations of NYMEX.
      The Exchange will allow the exchange for related position (EFRP) transactions to be submitted through CME ClearPort. EFRP transactions in this futures contract will be governed by the provisions of Exchange Rule 538.
      CONTRACT SPECIFICATIONS:
             Title: Chinese Steel Rebar HRB400 (Mysteel) Futures
             Commodity Code: RBR
             Rule Chapter: 1286
             First Listed Month: November 2012
             Listing Period: 12 consecutive months
             Contract Size: 100 Metric Tons
             Termination of Trading: Trading shall cease on the last business day of the contract month. Business days are based on the Chinese Public Holiday calendar.
             Minimum Price Tick: $0.001 per metric ton
             Value per Tick: $0.10 per metric ton
             Final Settlement Price: Settlement tick = $0.001 per metric ton
             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).
             Exchange Fees:

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      Pit
      n/a
      $8.00
      $4.00
      $10.00
      Globex
      n/a
      n/a
      n/a
      n/a
      ClearPort
       
      $8.00
       
      $10.00
      Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      $1.00
      $1.00
       
      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
      $1.00
       

       
      Please refer questions on this subject to:
      Research and Product Development
      Robert Biolsi                             Bob.Biolsi@cmegroup.com                               (212) 299-2610
      Young-Jin Chang                       Youngjin.Chang@cmegroup.com                       (312) 466-4637
      Joann Arena                              Joann.Arena@cmegroup.com                            (212) 299-2356