• Listing of Three New Plastics Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6202
      • Notice Date
      • 11 April 2012
      • Effective Date
      • 29 April 2012
    • Effective Sunday, April 29, 2012, for trade date Monday, April 30, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will launch the following contracts for trading on the NYMEX trading floor and submission for clearing on CME ClearPort.  The contracts are listed with, and subject to, the rules and regulations of NYMEX.
      SPECIFICATIONS SUMMARY:

      Name
      Code
      Rule Chapter
      HDPE High Density Polyethylene (PCW) BALMO Swap Futures
      HPD
      1220
      LLDPE Linear Low Density Polyethylene (PCW) BALMO Swap Futures
      LEL
      1221
      PP Polypropylene (PCW) BALMO Swap Futures
      PPW
      1222

      ·         Listing Period: One month and the following month listed 10 business days prior to the start of the contract month.
      ·         Contract Size: 47,000 pounds
      ·         First Listed Contract: May 1, 2012
      ·         Minimum Tick: $0.00001
      ·         Value per Tick: $0.47
      ·         Last Trading Day: Trading shall cease on the last business day of the contract month.
      ·         Trading and Clearing Hours: Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Chicago Time/CT). CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).
      ·         Exchange Fees:

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      $6.00
      $6.00
      $6.75
      $7.50
       
      Globex
      n/a
      n/a
      n/a
      n/a
      n/a
      ClearPort
       
      $6.00
       
      $7.50
       
      Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      $6.00
      $7.50
      *only applies to financially settled contracts
      Futures from E/A
      n/a
      n/a
      *applies to futures contracts
       
      House Acct
      Cust Acct
      Options E/A Notice
      n/a
      n/a
      *applies to physical options
      Delivery Notice
      n/a
      n/a
      *applies to physical futures
      Additional Fees and Surcharges
      EFS Surcharge
      $0.00
      *$2.50 fee typically only charged on our core physical contracts
      Block Surcharge
      $0.00
      *$0.10 fee charged on block trades
      Facilitation Desk Fee
      $0.20
      *fee applies to CPC trades entered by ClearPort Market Ops

      Please refer questions to:
      Energy Research:
      Daniel Brusstar                                    Daniel.Brusstar@cmegroup.com                                    212.299.2604
      Funda Saygin                                       Funda.Saygin@cmegroup.com                                       212.299.2338

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