• Amendment to the Product Title of the Northwest Europe Fuel Oil High-Low Sulfur Spread (Platts) BALMO Futures Contract and All Related References in the NYMEX Rulebook

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6678
      • Notice Date
      • 13 June 2013
      • Effective Date
      • 16 June 2013
    • Please be advised that effective Sunday, June 16, 2013, for trade date Monday, June 17, 2013, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will amend the product title of its Northwest Europe Fuel Oil High-Low Sulfur Spread (Platts) BALMO Futures contract (Chapter 663, commodity code: 88) to 1% Fuel Oil Cargoes FOB NWE (Platts) vs. 3.5% Fuel Oil Barges FOB Rdam (Platts) BALMO Futures. Also at that time, the Exchange will amend all references to the contract throughout the NYMEX rulebook to reflect the new name. The rulebook chapter and commodity code will remain unchanged. The Exchange will also implement the amendment to the position limit table within Chapter 5 of the NYMEX rulebook to reflect the revised naming convention. This change will not affect existing position limits of the product.
      It is important to note that the title change and all related amendment is administrative in nature and will, in no manner, impact the structure of the contract or related contracts. 
      The Commodity Futures Trading Commission (CFTC) will be notified of the product name change and related rule amendments during the week of June 24, 2013, via the weekly notification procedures set forth in Part 40 of the CFTC Regulations.
      Inquiries regarding this matter may be directed to:
       
      Paul Wightman              paul.wightman@cmegroup.com             +44 20 3379 3134
      Verena Petternell           verena.petternell@cmegroup.com          +44 20 3379 3723
       
                 
      The proposed name change is listed below.
       

      Current Product Name
      Proposed New Product Name
      Clearing Code
      Rule Chapter
      Northwest Europe Fuel Oil High-Low Sulfur Spread (Platts) BALMO Futures
       
      1% Fuel Oil Cargoes FOB NWE (Platts) vs. 3.5% Fuel Oil Barges FOB Rdam (Platts) BALMO Futures
      88
      663

                                                   
       
       (Bold/underline indicates addition; strikethrough indicates deletion)
       
       
      Chapter 663
      Northwest Europe Fuel Oil High-Low Sulfur Spread 1% Fuel Oil Cargoes FOB NWE (Platts) vs. 3.5% Fuel Oil Barges FOB Rdam (Platts) BALMO Futures

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