New York Mercantile Exchange
Contact UsGlossary
Search  
Login
NYMEX ClearPort
Contract Detail
Description
Specifications
Margins
Termination Schedule
Terms & Conditions
Settlements
 
Trading Unit
1000 metric tons.
Price Fluctuation
U.S. dollars and cents per metric ton.
Trading Hours (All times are New York time)
The contract is available for trading on the NYMEX ClearPort® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday.
Minimum Price Fluctuation
$0.01 per metric ton.
Trading Months
The current year and the next two years. A new calendar year will be added following the termination of trading in the December contract of the current year.
Termination of Trading
Trading ceases on the last business day of the contract month.
Margin Requirements
Margins are required for open futures positions.
Settlement
Financial, based on the arithmetic average of the mid-point of the high and low quotations from the Platts European Marketscan for 3.5% Fuel Oil under the heading "Cargoes FOB Med Basis Italy" minus 3.5% Fuel Oil under the heading "Barges FOB Rotterdam" for each business day that both are determined during the contract month.
Trading Symbol
FK
©2008 New York Mercantile Exchange,Inc. All Rights Reserved.
Disclaimer      Privacy Policy       Report abuse