Notice No. 07-330

July 2, 2007

 

 

TO:                All NYMEX Exchange Members and Member Firms

FROM:            James E. Newsome, President

SUBJECT:     Listing Two New Ethanol Swap Contracts on NYMEX ClearPort®

Beginning on Sunday evening, July 8 (for trade date Monday, July 9), the Exchange will list two new cash-settled ethanol swap contracts on NYMEX ClearPort®.  The first listed month will be the July 2007 contract month.  The new ethanol swaps are as follows:

 

Outright Contracts                                         Code    Contract Size              Rule

Chicago Ethanol (Platts) Swap                          CU       42,000 Gallons             582

New York Ethanol (Platts) Swap                      EZ        42,000 Gallons             583

 

The minimum tick size is $0.0001 per gallon for the new contracts.  These new contracts are cash settled, and will be available for clearing and trading until the last business day of the contract month.  These new contracts will be listed for 36 consecutive months on a rolling basis.  The chapters containing the terms and condition product specification rules for each of the new futures contracts will be available in the Exchange’s online rulebook.

These new futures contracts will be listed both on NYMEX ClearPort® Trading (CPT) and on NYMEX ClearPort® Clearing (CPC), beginning with the start of the NYMEX ClearPort® trading session at 6:00 PM (New York time) on Sunday, July 8, 2007.  Each of these new futures contracts will be available during the normal trading hours on NYMEX ClearPort® Trading.

The fees for the new Ethanol Contracts are:

 

CPT Billing rates:                               CPC Billing rates:                   Cash Settlement fee:

Member           $0.85                           Member           $0.85               Member           $0.85

Non-member    $1.35                           Non-member    $1.35               Non-member    $1.35

 

For further information, please contact Daniel Brusstar on 212-299-2604.