• Listing of Six (6) New Petroleum Futures on NYMEX Trading Floor and CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5483
      • Notice Date
      • 22 November 2010
      • Effective Date
      • 05 December 2010
    • Effective Sunday, December 5, 2010, for trade date Monday, December 6, 2010, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following petroleum futures contracts for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. The futures contracts will be financially settled. The contracts are listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc. 

      The contract titles, commodity codes, rule chapters, first listed month and listing periods are provided in the table below.

      Contract

      Code

      Rule Chapter

      First Listed Month

      Listing Period

      Singapore Mogas 92 Unleaded (Platts) vs. DME Oman Crude Oil Swap Futures

      DNB

      127

      January 2011

      36 consecutive months

      Singapore Gasoil (Platts) vs. DME Oman Crude Oil Swap Futures

      DZB

      128

      January 2011

      36 consecutive months

      DME Oman Crude Oil Swap Futures

      DOO

      124

      January 2011

      36 consecutive months

      ICE Brent vs. DME Oman Crude Oil Swap Futures

      DBO

      126

      January 2011

      36 consecutive months

      DME Oman Crude Oil Average Price Option

      DOA

      131

      January 2011

      36 consecutive months

      DME Oman Crude Oil BALMO Swap Futures

      DOB

      125

      December 2010

      One month and the following month listed 10 business days prior to the start of the contract month.

      The Exchange will allow the exchange for related position (EFRP) transactions to be submitted through CME ClearPort.  EFRP transactions in these futures contracts will be governed by the provisions of Exchange Rule 538.


      Contract Size:

       

      DNB, DZB, DOO, DOB, DBO, and DOA: 1,000 Barrels

      Termination of Trading:

      DNB, DZB, DOO, DOB, DBO, and DOA:  Trading shall cease on the last business day of the contract month.

      Minimum Price Intervals and Value per Tick:

      DNB, DZB, DOO, DOB, DBO, and DOA:   Minimum price tick = $0.001   Value per tick = $1.00

       

      Final Settlement Price:

      DNB, DZB, DOO, DOB, DBO, and DOA:   Settlement tick = $0.001

      Trading and Clearing Hours:

      CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).

      Open Outcry:    Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. CT).

      Fees:

      Contract

      CME ClearPort Rates

      NY Trading Floor Rates

      Cash Settlement Fee

      Singapore Mogas 92 Unleaded (Platts) vs. DME Oman Crude Oil Swap Futures

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

       

      Blended Floor

      $1.10

       

      Singapore Gasoil (Platts) vs. DME Oman Crude Oil Swap Futures

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

       

      Blended Floor

      $1.10

       

      DME Oman Crude Oil Look-Alike Swap Futures

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

       

      Blended Floor

      $1.10

       

      DME Oman Crude Oil Look-Alike BALMO Swap Futures

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

       

      Blended Floor

      $1.10

       

      ICE Brent vs. DME Oman Crude Oil Swap Futures

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

       

      Blended Floor

      $1.10

       

      DME Oman Crude Oil Average Price Option

      Member

      $0.85

      Member

      $0.85

      Member

      $0.85

      Non-Member

      $1.35

      Non-Member

      $1.35

      Non-Member

      $1.35

       

      Blended Floor

      $1.10

       

       

      For more information please contact Daniel Brusstar at 212-299-2604.