• Listing of Coal (API 8) CFR South China (Argus/McCloskey) Swap Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6363
      • Notice Date
      • 22 August 2012
      • Effective Date
      • 09 September 2012
    • Effective Sunday, September 9, 2012, for trade date Monday, September 10, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will launch a new coal futurescontract for trading on the NYMEX trading floor and for submission for clearing through CME ClearPort. This contract is listed with, and subject to, the rules and regulations of NYMEX. NYMEX will allow the exchange of futures for related position (EFRP) transactions to be submitted through CME ClearPort pursuant to the provisions of Exchange Rule 538. 
      CONTRACT SPECIFICATIONS
      ·         Contract Title: Coal (API 8) cfr South China (Argus/McCloskey) Swap Futures
      ·         Commodity Code: SSI
      ·         Contract Size: 1,000 metric tons
      ·         Prices and Fluctuations: Minimum price tick = $0.05; Final settlement tick = $0.01; Value per tick = $50.00
      ·         Termination of Trading: Trading shall cease on the last Friday of the contract month. 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 unless such day is not an Exchange business day, in which case the contract shall terminate on the Exchange business day immediately prior.
      ·         Listing Schedule: Consecutive calendar months for the current year and the next full calendar year
      ·         First Listed Month: October 2012
      ·         Rule Chapter: 1113
      ·         Fee Schedule:

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $5.00
      $6.00
      $7.00
       
      Globex
      n/a
      n/a
      n/a
      n/a
      n/a
      ClearPort
       
      $5.00
       
      $7.00
       
      Other Processing Fees
      Additional Fees and Surcharges
       
      Member
      Non-Member
      EFS Surcharge
      n/a
      Cash Settlement
      $1.00
      $1.00
      Block Surcharge
      n/a
      Futures from E/A
      n/a
      n/a
      Facilitation Desk Fee
      $0.20
       
      House Acct
      Customer Acct
       
      Options E/A Notice
      n/a
      n/a
       
      Delivery Notice
      n/a
      n/a
       

      Please refer questions on this subject to:
      Research and Product Development
      Richard Stevens                        Richard.Stevens@cmegroup.com                      +44 203 379 3790
      Products and Services
      Justin Bozzino                           Justin.Bozzino@cmegroup.com                         +44 203 379 3722

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