• Amendment to the Listing Cycles of Eight (8) Emission Futures and Option Contracts on CME Globex and CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development & Products and Services
      • #
      • SER-6429
      • Notice Date
      • 13 November 2012
      • Effective Date
      • 02 December 2012
    • Effective December 2, 2012, for trade date Monday, December 3, 2012, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) is amending the listing cycles of eight (8) emission futures and option contracts. Please refer to the table below for the new listing cycles.
       

      Contract
      Rulebook Chapter
      Code
      Current Listed Months
      New Listing Cycle
      Listed Venue
      In Delivery Month European Union Allowance (EUA) Futures
      1250
      Globex: EAF, ClearPort: 6T
      December 2012; December 2013-2020
      First three consecutive contracts months plus eight quarterly contracts on a rolling basis, starting with the nearest quarter; December contract month of subsequent years through 2020.
      CME Globex, CME ClearPort
      In Delivery Month European Union Allowance (EUA) Option
      1251
      Globex: EAX, ClearPort: 6U
      December 2012; December 2013-2020
      First three consecutive contracts months plus eight quarterly contracts on a rolling basis, starting with the nearest quarter; December contract month of subsequent years through 2020.
      CME Globex, CME ClearPort
      In Delivery Month European Union Allowance (EUA) Serial Option
      1252
      Globex: 9G, ClearPort: 9G
      None
      First three consecutive contracts months plus eight quarterly contracts on a rolling basis, starting with the nearest quarter; December contract month of subsequent years through 2020.
      CME Globex, CME ClearPort
      In Delivery Month Certified Emission Reduction (CER) Futures
      1253
      Globex: CRE, ClearPort: 6S
      December 2012;
      December 2012, March 2013
      CME Globex, CME ClearPort
      In Delivery Month Certified Emission Reduction (CER) Option
      1254
      Globex: CRY, ClearPort: 6P
      December 2012;
      December 2012, March 2013
      CME Globex, CME ClearPort
      Certified Emission Reduction Plus(CERplus) Futures
      1256
      Globex: CPL, ClearPort: CPL
      December 2012; December 2013-2015
      First three consecutive contracts months plus eight quarterly contracts on a rolling basis, starting with the nearest quarter; December contract month of subsequent years through 2020.
      CME Globex, CME ClearPort
      Emission Reduction Unit (ERU) Futures
      1258
      Globex: REU, ClearPort: REU
      December 2012; March 2013
      First three consecutive contracts months plus eight quarterly contracts on a rolling basis through March 2015.
      CME Globex, CME ClearPort
      Emission Reduction Unit (ERU) Option
      1259
      Globex: ERO, ClearPort: ERO
      December 2012; March 2013
      First three consecutive contracts months plus eight quarterly contracts on a rolling basis through March 2015.
      CME Globex, CME ClearPort

       
      In addition, the Exchange is making a conforming amendment to the termination of trading rule for the In Delivery Month European Union Allowance (EUA) Serial Option (Code 9G, Chapter 1252) in order to reflect the change in the listing cycle. The revised language is non-substantive and is provided below in black-line format.
      1252101.E.        Termination of Trading
      The option contract shall expire at the close of trading three business days prior to the expiration of the closest March, June, September, or December contract month of the underlying In Delivery Month European Union Allowance (EUA) futures contract.
       
      Please refer questions on this subject to:
      Research and Product Development
      Greg Price                                Gregory.Price@cmegroup.com                          (212) 299-2625
       
      Products and Services
      Henrik Hasselknippe                  Henrik.Hasselknippe@cmegroup.com                (44) 203-379-3735
      Joanna McMaster                     Joanna.McMaster@cmegroup.com                    (44) 20-3379-3837

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