• Amendments to the Price Reference of the Ethanol T2 FOB Rdam Including Duty (Platts) (Z1) Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6751
      • Notice Date
      • 17 July 2013
      • Effective Date
      • 11 August 2013
    • Please be advised that effective Sunday, August 11, 2013, for trade date Monday, August 12, 2013, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will amend the price reference of its Ethanol T2 FOB Rdam Including Duty (Platts) Futures contract (Commodity Code: Z1, Rule Chapter 194) currently listed for trading on the NYMEX trading floor and CME Globex and for clearing through CME ClearPort.
      It is important to note that the amendments do not represent a material change and will, in no manner, impact the structure of the contract.
      The rule amendments are as follows:
      (bold/underline indicates addition; strikethrough indicates deletion)
      Chapter 194
      Ethanol T2 FOB Rdam Including Duty (Platts) Futures
      194.02.     FLOATING PRICE
      The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the high and low quotations from Platts Biofuelscan European Marketscan for the “Ethanol T2 FOB Rotterdam (Eur/cu m)” “Fuel grade ethanol T2” under the heading “Barges FOB Rotterdam” assessment for each business day that it is determined during the contract month.
      For additional information, please contact:
      Richard Stevens         Richard.Stevens@cmegroup.com      +44 20 3379 3790