Effective Sunday, April 17, 2011, for trade date Monday, April 18, 2011, 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. These 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. NYMEX will allow the exchange for related position (EFRP) transactions to be submitted through CME ClearPort. EFRP transactions in these futures contracts will be governed pursuant to the provisions of Exchange Rule 538.
Specifications
Contract Title |
Product Code |
Rule Chapter |
First Listed Month |
Listing Period |
Mini Singapore Fuel Oil 380 cst (Platts) Swap Futures |
MTS |
1051 |
April 2011 |
One month and the following month listed 10 business days prior to the start of the contract month. |
Singapore Fuel Oil 180 cst (Platts) 6.5 Dubai Crack Spread Swap Futures |
SSD |
1052 |
July 2011 |
36 consecutive months |
Singapore Fuel Oil 180 cst (Platts) 6.5 Dubai Crack Spread BALMO Swap Futures |
SSB |
1053 |
July 2011 |
36 consecutive months |
Mini Singapore Fuel Oil 380 cst (Platts) BALMO Swap Futures |
MTB |
1054 |
April 2011 |
One month and the following month listed 10 business days prior to the start of the contract month. |
· Contract Size: MTS and MTB = 100 Metric Tons; SSD and SSB = 1,000 Barrels
· Termination of Trading: MTS, MTB, SSD and SSB: Trading shall cease on the last business day of the contract month. Business days are based on the Singapore Public Holiday calendar.
· Minimum Price Intervals: MTS, MTB, SSD and SSB – Minimum price tick = $0.001
· Value per Tick: MTS and MTB = $0.10, SSD and SSB = $1.00
· Minimum Settlement Tick: MTS, MTB, SSD and SSB = $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).
· Exchange Fees:
Contract |
CME ClearPort Rates |
NY Trading Floor Rates |
Cash Settlement Fee |
|||
Mini Singapore Fuel Oil 380 cst (Platts) Swap Futures |
Member |
$0.85 |
Member |
$0.85 |
Member |
$0.10 |
Non-Member |
$1.25 |
Non-Member |
$1.25 |
Non-Member |
$0.10 |
|
|
Blended Floor |
$1.05 |
|
|||
Singapore Fuel Oil 180 cst (Platts) 6.5 Dubai Crack Spread Swap Futures |
Member |
$0.85 |
Member |
$0.85 |
Member |
$0.10 |
Non-Member |
$1.25 |
Non-Member |
$1.25 |
Non-Member |
$0.10 |
|
|
Blended Floor |
$1.05 |
|
|||
Singapore Fuel Oil 180 cst (Platts) 6.5 Dubai Crack Spread BALMO Swap Futures |
Member |
$0.85 |
Member |
$0.85 |
Member |
$0.10 |
Non-Member |
$1.25 |
Non-Member |
$1.25 |
Non-Member |
$0.10 |
|
|
Blended Floor |
$1.05 |
|
|||
Mini Singapore Fuel Oil 380 cst (Platts) BALMO Swap Futures |
Member |
$0.85 |
Member |
$0.85 |
Member |
$0.10 |
Non-Member |
$1.25 |
Non-Member |
$1.25 |
Non-Member |
$0.10 |
|
|
Blended Floor |
$1.05 |
|
For more information please contact Daniel Brusstar at 212-299-2604.