Contract Title
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U.S. Midwest Busheling Ferrous Scrap (AMM) Swap
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Commodity Code
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BUW
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Chapter
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CME Swap Execution Facility Rulebook Chapter 10
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Contract Size
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20 Gross Tons
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Prices and Fluctuations
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$ 0.01 per gross ton
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Settlement
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The Floating Price for each contract month is equal to the price assessment published on the 10th calendar day of that given calendar month for the U.S. Midwest Busheling Ferrous Scrap by AMM. If the 10th day is a holiday or weekend, the price will settle on the first immediately following business day.
Final settlement under the contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.
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Termination of Trading
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Trading shall terminate on the 10th calendar day of the contract month. If 10th calendar day falls on a holiday or weekend, the price will settle on the first immediately following business day. Business days are based on the U.S. Public Holiday calendar.
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Listing Schedule
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CME Globex and CME ClearPort: 24 consecutive calendar months
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First Listed Month
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December 2013
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Contract Title
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Transco Zone 6 Natural Gas (Platts IFERC) Fixed Price Swap
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Commodity Code
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XZW
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Chapter
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CME Swap Execution Facility Rulebook Chapter 11
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Contract Size
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2,500 million British thermal units (MMBtu)
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Prices and Fluctuations
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Prices shall be quoted in U.S. dollars and cents per MMBtu (minimum price fluctuation shall be $0.0001 per MMBtu).
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Settlement
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The Floating Price for each contract month is equal to the price assessment, which is the Bidweek (average) price for Transco Zone 6 N.Y. published in the Platts Inside FERC (“IFERC”) Gas Market Report under the “Northeast” heading in the “Index” column of the table entitled "Market Center Spot Gas Prices" for the corresponding contract month.
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Termination of Trading
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Trading shall cease on the last business day of the month prior to the contract month.
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Listing Schedule
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CME Globex: 36 consecutive calendar months; CME ClearPort: current year plus the next five (5) years
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First Listed Month
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December 2013
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