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The new contracts and their trading symbols are: European Mediterranean gasoline (EU), Northwest Europe gasoline (AR), Northwest Europe high/low sulfur fuel oil spread (FS), East/West fuel oil spread (EW), Singapore 180 cst/380 cst fuel oil spread (SD), Singapore 380 cst fuel oil (SE), Singapore gasoil (SG), Singapore jet kerosene (KS), Singapore naphtha (SP), Singapore jet fuel vs. gasoil spread (RK) swap futures contracts.
The Singapore gasoil, jet kerosene, jet/gasoil spread, and naphtha futures contracts will trade in units of 1,000 barrels; all other contracts will trade in units of 1,000 metric tons. All contracts are priced in U.S. dollars and cents per barrel or metric ton, and the minimum tick size is one cent per barrel or metric ton. All contracts terminate on the last business day of the contract month.
The position accountability levels for all of the contracts will be 1,500 contracts for any single month or all months, with the exception of a 500-contract level for the last three days of the expiring contract. Clearing members must identify customers with a position of 25 contracts or more to the Exchange.
The Exchange's NYMEX ClearPort® liquidity provider program will apply to all contracts.
Margin rates for the European Mediterranean gasoline and Northwest Europe gasoline futures contracts will be $33,750 for clearing members, $37,125 for members and $45,563 for customers. The intra-commodity spread margins are $2,000 for clearing members, $2,200 for members and $2,2700 for customers.
The margins for the Northwest Europe high/low sulfur fuel oil spread, East/West fuel oil spread and, Singapore 180 cst/380 cst fuel oil spread futures contracts will be $1,700 for clearing members, $1,870 for members and $ 2,295 for customers. Intra-commodity margin rates are $340 for clearing members, $374 for members and $ 459 for customers.
Margins on the Singapore 380 cst fuel oil contract will be $17,000 for clearing members, $18,700 for members and $22,950 for customers. Intra-commodity margin rates are $2,400 for clearing members, $2,640 for members and $ 3,250 for customers. The margins for Singapore gasoil, Singapore jet kerosene and, Singapore naphtha futures contracts will be $2,500 for clearing members, $ 2,750 for members and $3,375 for customers. Intra-commodity margin rates are $250 for clearing members, $275 for members and $338 for customers.
Margins for the Singapore jet fuel/gasoil spread (RK) swap futures contracts will be $2,000 for clearing members, $2,200 for members and $2,700 for customers. Intra-commodity margin rates are $200 for clearing members, $220 for members and $270 for customers.
