SER-7285 - CME Group

Listing of Two (2) Petrochemical Futures Contracts

- To
- Members, Member Firms and Market Users
- From
- Research and Product Development
- #
- SER-7285
- Notice Date
- 19 February 2015
- Effective Date
- 08 March 2015

Effective Sunday, March 8, 2015, for trade date Monday, March 9, 2015, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following two (2) petrochemical futures contracts for trading on CME Globex and for submission for clearing through CME ClearPort.

The contract specifications are provided below:

Contract Name	Benzene fob South Korea (Argus) Trade Month Futures
Commodity Code	BSA
Chapter	994
Settlement Type	Financial
Contract Size	The contract quantity shall be 100 metric tons. Each contract shall be valued as the contract quantity (100) multiplied by the settlement price.
Termination of Trading	Trading shall cease on the fifteenth (15^th) calendar day of the month prior to the contract month. If this is not an Exchange business day, trading shall cease on the preceding Exchange business day.
Minimum Price Fluctuation	$0.001 per metric ton
Final Settlement Price Tick	$0.001 per metric ton
First Listed Month	May 2015
Block Trade Minimum Threshold	2 contracts
CME Globex Match Algorithm	First in First out (FIFO)
Listing Convention CME Globex and CME ClearPort	Monthly contracts for twelve (12) consecutive calendar months.
Trading and Clearing Hours 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 Benzene cif ARA (Argus) Trade Month Futures
Commodity Code	BEA
Chapter	995
Settlement Type	Financial
Contract Size	The contract quantity shall be 100 metric tons. Each contract shall be valued as the contract quantity (100) multiplied by the settlement price.
Termination of Trading	Trading shall cease on the sixth (6^th) London business day prior to the beginning of the calendar month following the contract month.
Minimum Price Fluctuation	$0.001 per metric ton
Final Settlement Price Tick	$0.001 per metric ton
First Listed Month	April 2015
Block Trade Minimum Threshold	2 contracts
CME Globex Match Algorithm	First in First out (FIFO)
Listing Convention CME Globex and CME ClearPort	Monthly contracts shall be listed for twelve (12) consecutive calendar months.
Trading and Clearing Hours 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).

Fee Schedule:

Exchange Fees
	Member Day		Member		Cross Division	Non-Member	IIP
CME Globex	$4.00		$4.00		$4.50	$5.00	$4.50
CME ClearPort			$4.00			$5.00
Agency Cross			$4.00			$5.00

Other Processing Fees
		Member		Non-Member
Cash Settlement		$1.00		$1.00

Additional Fees and Surcharges
Facilitation Desk Fee	$0.30

For additional information, please contact:

Paul Wightman, Director R&PD Paul.Wightman@cmegroup.com +44 20 3379 3134

Verena Peternell, Director, Energy Verena.peternell@cmegroup.com +44 20 3379 3723

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs).
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

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Listing of Two (2) Petrochemical Futures Contracts