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.