CRUDE OIL OPTION SEMI-ANNUAL STRIP OPTION - CONTRACT SPECS

Contract Unit	1,000 barrels
Minimum Price Fluctuation	0.01 per barrel = $10.00
Price Quotation	U.S. dollars and cents per barrel
Trading Hours	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Product Code	CME Globex: AAO CME ClearPort: AO Clearing: AO
Listed Contracts	Monthly contracts listed for the current year and the next 8 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination Of Trading	Trading terminates on the last business day of the contract month.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 341
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Settlement Method	Financially Settled
Underlying	WTI Financial Futures

Contract Unit	1,000 barrels Clears in multiples of the number of contract months in the strip
Minimum Price Fluctuation	0.01 per barrel x 12-month strip = $120.00
Price Quotation	U.S. dollars and cents per barrel
Trading Hours	CME Globex:	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
	CME ClearPort:	Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. – 5:00 p.m. CT
Product Code	CME Globex: A6F CME ClearPort: 6F Clearing: 6F
Listed Contracts	Annual contracts (Jan) listed for 5 consecutive years.
Termination Of Trading	Trading terminates on the last business day of the month prior to the first leg of the underlying strip.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 357
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European
Exercise Procedure	Exercises into a calendar strip of CS futures
Settlement Method	Deliverable
Underlying	WTI Financial Futures

Contract Unit	1,000 barrels Clears in multiples of the number of contract months in the strip
Minimum Price Fluctuation	0.01 per barrel x 6-month strip = $60.00
Price Quotation	U.S. dollars and cents per barrel
Trading Hours	CME Globex:	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
	CME ClearPort:	Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. – 5:00 p.m. CT
Product Code	CME Globex: 6Y CME ClearPort: 6Y Clearing: 6Y
Listed Contracts	Semi-annual contracts (Jan, Jul) listed for 5 consecutive years
Termination Of Trading	Trading terminates on the last business day of the month prior to the contract month
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 1244
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European
Exercise Procedure	Exercises into a semi-annual strip of CS futures
Settlement Method	Deliverable
Underlying	WTI Financial Futures

Contract Unit	1,000 barrels Clears in multiples of the number of contract months in the strip
Minimum Price Fluctuation	0.01 per barrel x 3-month strip = $30.00
Price Quotation	U.S. dollars and cents per barrel
Trading Hours	CME Globex:	Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
	CME ClearPort:	Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. – 5:00 p.m. CT
Product Code	CME Globex: A6E CME ClearPort: 6E Clearing: 6E
Listed Contracts	Quarterly contracts (Jan, Apr, Jul, Oct) listed for 4 consecutive quarters
Termination Of Trading	Trading terminates on the last business day of the month prior to the first leg of the underlying strip.
Position Limits	NYMEX Position Limits
Exchange Rulebook	NYMEX 356
Block Minimum	Block Minimum Thresholds
Vendor Codes	Quote Vendor Symbols Listing
Strike Price Listing Procedures	Strike Price Listing and Exercise Procedures Table
Exercise Style	European
Exercise Procedure	Exercises into a quarterly strip of CS futures
Settlement Method	Deliverable
Underlying	WTI Financial Futures

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