• Listing of Canadian Light Sweet Oil (Net Energy) Index Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6926
      • Notice Date
      • 27 November 2013
      • Effective Date
      • 15 December 2013
    • Effective Sunday, December 15, 2013 for trade date December 16, 2013, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the Canadian Light Sweet Oil (Net Energy) Index Futures contract for trading on CME Globex, the NYMEX trading floor, and for submission for clearing through CME ClearPort.
       
      Also concurrent with the launch of this contract and pending all relevant CFTC regulatory review periods, the Exchange will permit block trading pursuant to Rule 526 (Block Trades) in this contract at a block trade minimum threshold of five (5) contracts. 
      The contract title, commodity code, rule chapter, and specifications are provided below:
       

      Contract Name
      Canadian Light Sweet Oil (Net Energy) Index Futures
      Commodity Code
      CIL
      Chapter
      1211
      Settlement Type
      Financial
      Contract Size
      1,000 barrels
      Termination of Trading
      Trading shall cease on the last business day of the month prior to the contract month.
      Minimum Price Fluctuation
      $0.001 per barrel
      Floating Price
      Net Energy
      First Listed Month
      February 2014
      Listing Convention
      CME Globex: 1 month
      CME ClearPort and NYMEX PIT shall be listed for the current year plus next 4 years.

       
       
       
       
       
      Fee Schedule:
       

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      $2.00
      $2.00
      $2.25
      $2.50
      Globex
      $2.00
      $2.00
      $2.25
      $2.50
      $2.25
      ClearPort
      $2.00
      $2.50
      Other Processing Fees
       
      Member
      Non-Member
       
       
       
      Cash Settlement
      $.25
      $.25
       

       
       
      For additional information, please contact:
       
      Research and Product Development
      Funda Saygin                      Funda.Saygin@cmegroup.com                     + 212 299 2338
      Daniel Brusstar                    Daniel.Brusstar@cmegroup.com                   + 212 299 2604
       
      Products & Services:
       
      Russell Karas                       Russell.Karas@cmegroup.com                      +212 299 2345 
       

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