• Listing of Two (2) New Petroleum Futures Contracts for Trading on CME Globex and the NYMEX Trading Floor and for Clearing Through CME ClearPort

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6542
      • Notice Date
      • 15 February 2013
      • Effective Date
      • 10 March 2013
    • Effective Sunday, March 10, 2013, for trade date Monday, March 11, 2013, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list the following two (2) new petroleum futures contracts: Singapore Fuel Oil 380cst (Platts) vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures and Singapore Fuel Oil 380cst (Platts) vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) BALMO Futures for trading on CME Globex, the NYMEX trading floor, and for submission for clearing through CME ClearPort. These contracts will be listed with, and subject to, the rules and regulations of NYMEX.
       
      The contract titles, commodity codes, rule chapters, and specifications are provided below:
       
       

      Contract Name
      Singapore Fuel Oil 380cst (Platts) vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) Futures
      Commodity Code
      EVC
      Chapter
      249
      Settlement Type
      Financial
      Contract Size
      1,000 metric tons
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
       
      Minimum Price Fluctuation
      $0.01 per metric ton
      Final Settlement Price Tick
      $0.01 per metric ton
      First Listed Month
      April 2013
      Listing Convention
      The current year and the next two calendar years
      Trading 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 Globex and 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).
       
       

       
       

      Contract Name
      Singapore Fuel Oil 380cst (Platts) vs. European 3.5% Fuel Oil Barges FOB Rdam (Platts) BALMO Futures
      Commodity Code
      SFB
      Chapter
      250
      Settlement Type
      Financial
      Contract Size
      1,000 metric tons
      Termination of Trading
      Trading shall cease on the last London business day of the contract month
       
      Minimum Price Fluctuation
      $0.01 per metric ton
      Final Settlement Price Tick
      $0.01 per metric ton
      First Listed Month
      March 2013
      Listing Convention
      One month and the following month listed 10 days prior
      Trading 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 Globex and 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).
       
       

       
      Fee Schedule:
       

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      n/a
      $7.00
      $8.00
      $9.00
       
      Globex
      n/a
      $7.00
      $8.00
      $9.00
      $8
      ClearPort
       
      $7.00
       
      $9.00
       

       

      Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      $1.00
      $1.00
       
      Futures from E/A
      n/a
      n/a
       
       
      House Acct
      Cust Acct
      Options E/A Notice
      n/a
      n/a
      Delivery Notice
      n/a
      n/a
       
       
       
       
      Additional Fees and Surcharges
       
      EFS Surcharge
      $0.00
       
      Block Surcharge
      $0.00
       
      Facilitation Desk Fee
      $0.40
       

       
       
      For additional information, please contact:
       
      Paul Wightman           Paul.Wightman@cmegroup.com       +44 20 3379 3134
      Justin Bozzino             Justin.Bozzino@cmegroup.com        +44 20 3379 3722