REVISED: Launch of Four (4) New Coal Futures and Option Contracts on CME ClearPort and NYMEX Trading Floor

Special Executive Report (“SER”) 5368, issued on August 25, 2010, advised that on Monday, September 13, 2010, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) would list four (4) new coal futures and option contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort, a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes. The contracts are listed with, and subject to, the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.  This SER revises fees for two of the new option contracts as shown below. 

•   Coal (API 2) cif ARA (Argus/McCloskey) Option (commodity code MTO, Rule Chapter 927)

•   Coal (API 4) fob Richards Bay (Argus/McCloskey) Option (commodity code MFO, Chapter 929)

The reminder of the SER content remains unchanged; please refer to SER- 5368 at the link below for all other relevant information regarding the listing of the four coal futures and options contracts.

http://www.cmegroup.com/tools-information/lookups/advisories/market-regulation/SER-5368.html

Should you have any questions or require any further information, please contact Richard Stevens at +44 20 7796 7129 or Adila Mchich 212.299.2270.

Trademark and Copyright Notice

API 2 and API 4 are trademarks and are used under license from Argus Media Limited and IHS Global Limited.  All copyrights and database rights in the API 2 and API 4 indices belong exclusively to Argus Media Limited and IHS Global Limited and are used herein under license.  Licensee is solely responsible for the Coal (API 2) cif ARA and (API 4) fob Richards Bay (Argus/McCloskey) Swap Futures and Options. Argus and IHS take no position on the purchase or sale of such Coal (API 2) cif ARA and (API 4) fob Richards Bay (Argus/McCloskey) Swap Futures and Options.