New York Mercantile Exchange To List 10 New European Swaps Contracts On NYMEX ClearPort®

The New York Mercantile Exchange, Inc., today announced that it will list 10 new European swap futures contracts on NYMEX ClearPort® on March 12 for the trade date of March 13.

The futures contracts and their commodity codes are: NYMEX Brent bullet swap (BN), NYMEX Brent–WTI bullet swap (WN), and 3.5% fuel oil FOB Mediterranean crack spread swap (FL). All of these contracts will be 1,000 barrels in size with a minimum price fluctuation of $0.01 per barrel.

The following futures contracts are 1,000 metric tons in size and are listed with their commodity codes: European gasoil (ICE) calendar swap (GX), European gasoil 0.2 CIF Mediterranean swap (GG), European gasoil 10PPM (Rotterdam) barges swap (GT), European ULSD 50 PPM CIF Northwest Europe swap (ES), European ULSD 50 PPM CIF Mediterranean Swap (EH), European ULSD 50 PPM FOB Mediterranean swap (EL), and 3.5% fuel oil (Rotterdam) vs. 3.5% FOB Mediterranean spread swap (FK). The minimum price fluctuation will be $0.01 per metric ton.

For NYMEX ClearPort® trading of the NYMEX Brent bullet swap futures contracts, liquidity providers will be paid $1.00 and the opposite side will pay $2.50 per contract. NYMEX ClearPort® clearing and the cash settlement fees will be $0.85 for members and $1.35 for non–members.

For NYMEX ClearPort® trading of the NYMEX Brent–WTI bullet swap and 3.5% fuel oil FOB Mediterranean crack spread swap futures contracts, liquidity providers will be paid $1.00 and the opposite side will pay $2.50 per contract. NYMEX ClearPort® clearing and the cash settlement fees will be $1.70 for members and $2.70 for non–members.

For NYMEX ClearPort® trading of the European gasoil (ICE) calendar swap, European gasoil 0.2 CIF Mediterranean swap, European gasoil 10PPM (Rotterdam) barges swap, European ULSD 50 PPM CIF Northwest Europe swap, European ULSD 50 PPM CIF Mediterranean Swap, European ULSD 50 PPM FOB Mediterranean swap futures contracts, liquidity providers will be paid $2.00 and the opposite side will pay $5.00 per contract. NYMEX ClearPort® clearing and the cash settlement fees will be $6.00 for members and $9.00 for non–members.

For NYMEX ClearPort® trading of the 3.5% fuel oil (Rotterdam) vs. 3.5% FOB Mediterranean spread swap futures contracts, liquidity providers will be paid $2.00 and the opposite side will pay $5.00 per contract. NYMEX ClearPort® clearing and the cash settlement fees will be $12.00 for members and $18.00 for non–members.

All 10 new contracts are cash–settled, and 8 of these contracts are calendar month instruments. There are two bullet swap contracts that are futures look–alike contracts that terminate one business day prior to the underlying futures contract.

All of the contracts will be listed for the current year and the next three years, and a new calendar year will be added following the termination of trading in the December contract of the current year.