• Listing of Seven (7) New Petroleum Contracts for Trading on CME Globex and the NYMEX Trading Floor and for Clearing through CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6672
      • Notice Date
      • 17 June 2013
      • Effective Date
      • 30 June 2013
    • Please be advised that effective Sunday, June 30, 2013, for trade date Monday, July 1, 2013, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following seven (7) new petroleum contracts for trading on CME Globex and the NYMEX trading floor, and for submission for clearing through CME ClearPort.

       
       
       
      • Low Sulphur Gasoil (100mt) Calendar Month Futures
      • Low Sulphur Gasoil (100mt) Penultimate Day Futures
      • Low Sulphur Gasoil Average Price Option
      • European Diesel 10ppm Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures
      • ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures
      • Singapore Gasoil (Platts) vs. Low Sulphur Gasoil Futures
      • ULSD 10ppm Cargoes CIF Med (Platts) vs. Low Sulphur Gasoil Futures
       
       
       
      For additional information, please contact:
       
      Paul Wightman, Director R&PD         Paul.Wightman@cmegroup.com       +44 20 3379 3134
      Verena Petternell, Manager, Energy Verena.petternell@cmegroup.com    +44 20 3379 3723
       
       
       
       
      The contract titles, commodity codes, rule chapters, and specifications are provided on the following pages.
       

      Contract Name
      Low Sulphur Gasoil (100mt) Calendar Month Futures
      Commodity Code
      LSM
      Chapter
      309
      Settlement Type
      Financial
      Contract Size
      100 metric tons
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
      Minimum Price Fluctuation
      $0.001
      Final Settlement Price Tick
      $0.001
      First Listed Month
      July 2013
      Listing Convention
      For Globex, monthly contracts shall be listed for twelve consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year and the next 4 consecutive calendar years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and 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).

       
       
       

      Contract Name
      Low Sulphur Gasoil (100mt) Penultimate Day Futures
      Commodity Code
      LSP
      Chapter
      362
      Settlement Type
      Financial
      Contract Size
      100 metric tons
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
      Minimum Price Fluctuation
      $0.001
      Final Settlement Price Tick
      $0.001
      First Listed Month
      July 2013
      Listing Convention
      For Globex, monthly contracts shall be listed for twelve consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year and the next 4 consecutive calendar years.
      Trading Hours
      (All Times are New York Time/ET)
       
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and 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).    
      Contract Name
      Low Sulphur Gasoil Average Price Option
      Commodity Code
      LSO
      Chapter
      252
      Settlement Type
      Financial
      Contract Size
      100 metric tons
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
      Minimum Price Fluctuation
      $0.001 per metric ton
      Final Settlement Price Tick
      $0.001 per metric ton
      First Listed Month
      July 2013
      Listing Convention
      For Globex, monthly contracts shall be listed for twelve consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year and the next 4 consecutive calendar years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and 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).

       
       

      Contract Name
      European Diesel 10ppm Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures
      Commodity Code
      LSE
      Chapter
      251
      Settlement Type
      Financial
      Contract Size
      1,000 metric tons
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
      Minimum Price Fluctuation
      $0.001 per metric ton
      Final Settlement Price Tick
      $0.001 per metric ton
      First Listed Month
      July 2013
      Listing Convention
      For Globex, monthly contracts shall be listed for twelve consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year and the next 4 consecutive calendar years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and 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).    

       
       
       

      Contract Name
      ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures
      Commodity Code
      LSU
      Chapter
      361
      Settlement Type
      Financial
      Contract Size
      1,000 metric tons
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
      Minimum Price Fluctuation
      $0.001 per metric ton
      Final Settlement Price Tick
      $0.001 per metric ton
      First Listed Month
      July 2013
      Listing Convention
      For Globex, monthly contracts shall be listed for twelve consecutive calendar months. ClearPort and NXPIT shall be listed for the current year and the next 4 consecutive calendar years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and 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).   

       
       

      Contract Name
      Singapore Gasoil (Platts) vs. Low Sulphur Gasoil Futures
      Commodity Code
      LSS
      Chapter
      295
      Settlement Type
      Financial
      Contract Size
      1,000 metric tons
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
      Minimum Price Fluctuation
      $0.001 per metric ton
      Final Settlement Price Tick
      $0.001 per metric ton
      First Listed Month
      July 2013
      Listing Convention
      For Globex, monthly contracts shall be listed for twelve consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year and the next 4 consecutive calendar years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry:  Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and 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).  

       
       

      Contract Name
      ULSD 10ppm Cargoes CIF Med (Platts) vs. Low Sulphur Gasoil Futures
      Commodity Code
      LSL
      Chapter
      372
      Settlement Type
      Financial
      Contract Size
      1,000 metric tons
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
      Minimum Price Fluctuation
      $0.001 per metric ton
      Final Settlement Price Tick
      $0.001 per metric ton
      First Listed Month
      July 2013
      Listing Convention
      For Globex, monthly contracts shall be listed for twelve consecutive calendar months. ClearPort and NYMEX PIT shall be listed for the current year and the next 4 consecutive calendar years.
      Trading Hours
      (All Times are New York Time/ET)
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT)
      CME Globex and 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).   

       
       
       
      Trading and Clearing Fees:
       

      Product Name
      Low Sulphur Gasoil (100mt) Calendar Month Futures
      Exchange Fees
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $0.80
      $0.90
      $1.00
      Globex
      n/a
      $0.80
      $0.90
      $1.00
      $0.90
      ClearPort
      $0.80
      $1.00
      Other Processing Fees
       
      Member
      Non-Member
       
      Cash Settlement
      $0.10
      $0.10
       
       
      Additional Fees and Surcharges
       
      EFS Surcharge
      $0.00
       
      Block Surcharge
      $0.00
       
      Facilitation Desk Fee
      $0.10
       
       
       
      Product Name
      Low Sulphur Gasoil (100mt) Penultimate Day Futures
      Exchange Fees
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $0.60
      $0.70
      $0.75
      Globex
      n/a
      $0.60
      $0.70
      $0.75
      $0.70
      ClearPort
      $0.60
      $0.75
      Other Processing Fees
       
      Member
      Non-Member
       
      Cash Settlement
      $0.10
      $0.10
       
       
      Additional Fees and Surcharges
       
      EFS Surcharge
      $0.00
       
      Block Surcharge
      $0.00
       
      Facilitation Desk Fee
      $0.10
       
       
       
       
       
       
      Product Name
      Low Sulphur Gasoil Average Price Option
      Exchange Fees
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $0.60
      $0.70
      $0.75
      Globex
      n/a
      $0.60
      $0.70
      $0.75
      $0.70
      ClearPort
      $0.60
      $0.75
      Other Processing Fees
       
      Member
      Non-Member
       
      Cash Settlement
      $0.10
      $0.10
       
       
      Additional Fees and Surcharges
       
      EFS Surcharge
      $0.00
       
      Block Surcharge
      $0.00
       
      Facilitation Desk Fee
      $0.10
       
       
       
       
       
      Product Name
      European Diesel 10ppm Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures
      Exchange Fees
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $7.00
      $8.00
      $9.00
      Globex
      n/a
      $7.00
      $8.00
      $9.00
      $8.00
      ClearPort
      $7.00
      $9.00
      Other Processing Fees
       
      Member
      Non-Member
       
      Cash Settlement
      $1.00
      $1.00
       
       
      Additional Fees and Surcharges
       
      EFS Surcharge
      $0.00
       
      Block Surcharge
      $0.00
       
      Facilitation Desk Fee
      $0.40
       

       

      Product Name
      ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures
      Exchange Fees
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $7.00
      $8.00
      $9.00
      Globex
      n/a
      $7.00
      $8.00
      $9.00
      $8.00
      ClearPort
      $7.00
      $9.00
      Other Processing Fees
       
      Member
      Non-Member
       
      Cash Settlement
      $1.00
      $1.00
       
       
       
      Additional Fees and Surcharges
       
      EFS Surcharge
      $0.00
       
      Block Surcharge
      $0.00
       
      Facilitation Desk Fee
      $0.40
       
       
       
      Product Name
      Singapore Gasoil (Platts) vs. Low Sulphur Gasoil Futures
      Exchange Fees
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $0.85
      $1.05
      $1.25
      Globex
      n/a
      $0.85
      $1.05
      $1.25
      $1.05
      ClearPort
      $0.85
      $1.25

       

      Other Processing Fees
      Member
      Non-Member
      Cash Settlement
      $0.10
      $0.10

       
       

      Additional Fees and Surcharges
       
      EFS Surcharge
      $0.00
       
      Block Surcharge
      $0.00
       
      Facilitation Desk Fee
      $0.20
       
       
       
       
       
       
       
      Product Name
      ULSD 10ppm Cargoes CIF Med (Platts) vs. Low Sulphur Gasoil Futures
      Exchange Fees
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $7.00
      $8.00
      $9.00
      Globex
      n/a
      $7.00
      $8.00
      $9.00
      $8.00
      ClearPort
      $7.00
      $9.00
       
      Other Processing Fees
       
      Member
      Non-Member
       
      Cash Settlement
      $1.00
      $1.00
       
       
      Additional Fees and Surcharges
       
      EFS Surcharge
      $0.00
       
      Block Surcharge
      $0.00
       
      Facilitation Desk Fee
      $0.40