• Listing of China Coal (IHS McCloskey/Xinhua Infolink South China CFR Marker 5,500kc NAR) Swap Futures on NYMEX Trading Floor and CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5906
      • Notice Date
      • 31 August 2011
      • Effective Date
      • 11 September 2011

    • Effective Sunday, September 11, 2011, for trade date Monday September 12, 2011, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following coal futures contract for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. This futures contract will be financially settled. The contract is listed with NYMEX, and subject to the rules and regulations of NYMEX and Chicago Mercantile Exchange Inc.

      Contract Specifications:

      Contract Title

      China Coal (IHS McCloskey/Xinhua Infolink South China CFR Marker 5,500kc NAR) Swap Futures

      Commodity Code

      CMC

      Contract Size

      1,000 metric tons

      First Listed Month

      October 2011

      Listing Period

      Current year and next full year

      Termination of Trading

      Trading shall cease on the last Friday of the contract month. If such Friday is a UK holiday, the contract will terminate on the UK business day immediately prior to the last Friday of the contract month.

      Minimum Price Intervals

      $0.05 per metric ton

      Value per Tick

      $50 per metric ton

      Settlement Tick

      $0.01 per metric ton

      Rule Chapter

      1121

       

      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.

      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

      Transaction/Clearing Fee 

      Cash Settlement Fee 

       China Coal (IHS McCloskey/Xinhua Infolink South China CFR Marker 5,500kc NAR) Swap Futures 

      Member

      5.00

      Member

      1.00

      Non-Member

      7.00

      Non-Member

      1.00

      Blended

      6.00

      Blended

      1.00

      Should you have any questions or require any further information, please contact Owain Johnson at (65) 6593-5568 or Adila Mchich at (212) 299-2270.

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