SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 23-468

Organization: New York Mercantile Exchange, Inc. (“NYMEX”)

Filing as a: DCM SEF DCO SDR 

Please note - only ONE choice allowed.

Filing Date (mm/dd/yy): 11/14/23 Filing Description: Weekly Notification of 

Amendments Related to Product Terms and Conditions (Week of November 6, 2023)

SPECIFY FILING TYPE 

Please note only ONE choice allowed per Submission.

Organization Rules and Rule Amendments 

Certification § 40.6(a)

Approval § 40.5(a)

Notification § 40.6(d)

Advance Notice of SIDCO Rule Change § 40.10(a)

SIDCO Emergency Rule Change § 40.10(h)

Rule Numbers:

New Product Please note only ONE product per Submission.

Certification § 40.2(a) 

Certification Security Futures § 41.23(a)

Certification Swap Class § 40.2(d)

Approval § 40.3(a)

Approval Security Futures § 41.23(b)

Novel Derivative Product Notification § 40.12(a)

Swap Submission § 39.5

Official Product Name: 

Product Terms and Conditions (product related Rules and Rule Amendments)

Certification § 40.6(a) 

Certification Made Available to Trade Determination § 40.6(a)

Certification Security Futures § 41.24(a)

Delisting (No Open Interest) § 40.6(a) 

Approval § 40.5(a)

Approval Made Available to Trade Determination § 40.5(a)

Approval Security Futures § 41.24(c)

Approval Amendments to enumerated agricultural products § 40.4(a), § 40.5(a)

“Non-Material Agricultural Rule Change” § 40.4(b)(5)

Notification § 40.6(d)

Official Name(s) of Product(s) Affected: See filing.

Rule Numbers: See filing. 
20 S Wacker Dr Chicago, IL 60606 T 312 466 7478 tim.elliott@cmegroup.com cmegroup.com

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Timothy Elliott

Managing Director and Chief Regulatory Counsel

Legal Department

November 14, 2023

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

Re: CFTC Regulation 40.6(d) Notification. New York Mercantile Exchange, Inc. (“NYMEX” 

or “Exchange”) Weekly Notification of Amendments Related to Product Terms and 

Conditions.

NYMEX Submission No. 23-468

Dear Mr. Kirkpatrick:

Pursuant to Commodity Futures Trading Commission (“CFTC” or “Commission”) Regulation 40.6(d), the 

Exchange submits this weekly notification of the following amendments related to product terms and 

conditions made effective during the week of November 6, 2023.

Effective Monday, November 6, 2023, the Exchange implemented administrative amendments to the 

contract title of the NY Harbor ULSD vs. Low Sulphur Gasoil (1,000bbl) Futures contract as noted in Exhibit 

A. The marketplace was alerted of the amendments via Special Executive Report (“SER”) 9261R, which 

is attached hereto as Exhibit A.

If you require any additional information, please contact the undersigned at (312) 466-7478 or via e-mail at 

CMEGSubmissionInquiry@cmegroup.com. 

Sincerely, 

/s/ Timothy Elliott

Managing Director and Chief Regulatory Counsel

Attachment: Exhibit A – SER 9261R
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EXHIBIT A

Special Executive Report

DATE: November 2, 2023

SER#: 9261R

SUBJECT: Amendment to the Contract Title of the NY Harbor ULSD vs. Low Sulphur 

Gasoil (1,000bbl) Futures Contract

(SER 9261R supersedes SER 9261 dated October 3, 2023 and is being issued to correct the contract tile 

as noted in Table 1. below.)

Effective Monday, November 6, 2023, New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) will 

implement administrative amendments to the contract title of the NY Harbor ULSD vs. Low Sulphur Gasoil 

(1,000bbl) Futures contract (the “Contract”) as noted in Table 1. below. The amendments are intended to 

more closely align the Contract’s title with that of the Exchange’s other existing similar contracts. 

Table 1.

Current Contract Title Amended Contract Title Rulebook 

Chapter

Commodity 

Code

NY Harbor ULSD vs. Low Sulphur 

Gasoil (1,000bbl) Futures

NY Harbor ULSD vs. Low Sulphur 

Gasoil (1,000bbl) Financial Futures 371 NLS

The administrative amendments are provided in Exhibit A below in blackline format.

The Commodity Futures Trading Commission (CFTC) will be notified of the aforementioned via the weekly 

notification procedures set out in Part 40 of the CFTC’s Regulations. 

Please refer any questions on this subject to:

Paul Wightman paul.wightman@cmegroup.com +44 20 3379 3790

Verena Peternell verena.peternell@cmegroup.com +44 20 3379 3723

Vish Subramanian vish.subramanian@cmegroup.com +1 312 338 2604
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Exhibit A

NYMEX Rulebook

Chapter 371 

NY Harbor ULSD vs. Low Sulphur Gasoil (1,000bbl)Financial Futures 

371100. SCOPE OF CHAPTER

The provisions of these rules shall apply to all futures contracts bought or sold on the 

Exchange for cash settlement based on the Floating Price. 

371101. CONTRACT SPECIFICATIONS

The Floating Price for each contract month is equal to the arithmetic average of the NY 

Harbor ULSD Futures first nearby settlement price minus the first line Low Sulphur Gasoil 

(1,000bbl) (ICE) Futures settlement price for each business day during the contract month. 

For purposes of determining the Floating Price, the Low Sulphur Gasoil (ICE) Futures first 

nearby contract month settlement price will be converted each day to US dollars and cents 

per gallon, rounded to the nearest cent using a conversion factor of 7.45 barrels per metric 

ton, and 42 gallons per barrel. Except as noted below: 

The settlement prices for the first nearby contract month will be used except on the last 

day of trading for the expiring Low Sulphur Gasoil (ICE) Futures contract when the 

settlement prices of the second nearby Low Sulphur Gasoil contract will be used. 

The Floating Price is calculated using the non-common pricing convention. In calculating 

the spread differential, the monthly average for each component leg of the spread shall be 

calculated by using all trading days in the month for each component leg of the spread, 

followed by the calculation of the spread differential between the two averages.

371102. TRADING SPECIFICATIONS

The number of months open for trading at a given time shall be determined by the Exchange.

371102.A. Trading Schedule

The hours of trading for this contract shall be determined by the Exchange.

371102.B. Trading Unit

The contract quantity shall be 42,000 gallons (equivalent to 1,000 barrels). Each contract shall be 

valued as the contract quantity (42,000) multiplied by the settlement price.

371102.C. Price Increments

Prices shall be quoted in U.S. dollars and cents per gallon. The minimum price fluctuation shall be 

$0.0001 per gallon. 

371102.D. Position Limits, Exemptions, Position Accountability and Reportable Levels 

The applicable position limits and/or accountability levels, in addition to the reportable levels, are set 

forth in the Position Limit, Position Accountability and Reportable Level Table in the Interpretations 

& Special Notices Section of Chapter 5. 

A Person seeking an exemption from position limits for bona fide commercial purposes shall apply 

to the Market Regulation Department on forms provided by the Exchange, and the Market Regulation 

Department may grant qualified exemptions in its sole discretion.

Refer to Rule 559 for requirements concerning the aggregation of positions and allowable 

exemptions from the specified position limits.

371102.E. Termination of Trading

Trading shall cease on the last business day of the contract month.

371103. FINAL SETTLEMENT
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Delivery under the contract shall be by cash settlement. Final settlement, following termination of 

trading for a contract month, will be based on the Floating Price. The final settlement price will be the 

Floating Price calculated for each contract month.