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Download PDF File The NYMEX Crude Oil B/C Index December futures contract will be listed. 968 …The provisions of these rules shall apply to all contracts bought or sold on the Exchange

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NYMEX Crude Oil Backwardation/Contango (B/C) Index
968.01 Scope The provisions of these rules shall apply to all contracts bought or sold on the Exchange for cash settlement on the NYMEX Crude Oil B/C Index futures 968.02 Trading Unit 200 U.S. barrels (8,400 gallons) 968.03 Trading Months The NYMEX Crude Oil B/C Index December futures contract will be listed 968.04 Prices Prices shall be in dollars and cents per index point. The minimum price fluctuation shall be 0.05 index points ($10.00 per contract) 968.05 Termination of Trading The first business day in December 2010 for the initial listed contract. Thereafter, the first business day in December of the second calendar year after being initially listed. 968.06 NYMEX Crude Oil B/C Index The NYMEX Crude Oil B/C Index is based on NYMEX light sweet crude oil futures contracts. The index has a starting value of $100. At the close of trading on the first business day of each month, the Index is adjusted by adding to it the first nearby contract settlement price minus the seventh nearby contract settlement price, divided by six. 968.07 Final Settlement Upon termination, positions in the NYMEX Crude Oil B/C Index futures contract are liquidated via cash-settlement. Final settlement is based on the NYMEX Crude Oil B/C Index. 968.08 Trading Hours (All times are New York time) The contract is available for trading on the CME Globex

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