SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 24-049

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): 01/12/24 Filing Description: Delisting of the Coal (API 4) FOB 

Richards Bay (ARGUS-McCloskey) Futures Contract

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

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

January 12, 2024

VIA ELECTRONIC PORTAL

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, N.W.

Washington, DC 20581

Re: CFTC Regulation 40.6(a) Certification. Delisting of the Coal (API 4) FOB Richards 

Bay (ARGUS-McCloskey) Futures Contract.

NYMEX Submission No. 24-049

Dear Mr. Kirkpatrick:

New York Mercantile Exchange, Inc. (“NYMEX” or “Exchange”) is certifying to the Commodity Futures Trading 

Commission (“CFTC” or “Commission”) the delisting of the Coal (API 4) FOB Richards Bay (ARGUSMcCloskey) Futures contract (the “Contract”) as set forth in the table below effective today. There is no open 

interest in the Contract.

The Contract is being delisted from the CME Globex electronic trading platform and CME ClearPort, the

venues on which they were listed.

Exhibit A provides amendments to the applicable NYMEX Rulebook chapter in blackline format.

As a result of the delisting, information regarding the Contract has been deleted from the respective product 

rulebook chapter, related position limits in the Position Limit, Position Accountability and Reportable Level 

Table located in the Interpretations and Special Notices Section of Chapter 5 (“Trading Qualifications and 

Practices”) of the NYMEX Rulebook (the “Table”), the CME Globex non-reviewable ranges located in Rule 

588.H. of the NYMEX Rulebook, and the list of block-eligible products located on the CME Group website. 

The Table is attached under separate cover, in blackline format, as Exhibit B.

The Exchange reviewed the designated contract market core principles (“Core Principles”) as set forth in 

the Commodity Exchange Act (“Act” or “CEA”) and identified that the following Core Principles may be 

impacted by this initiative as follows:

• Emergency Authority: There is no open interest in the Contract, and therefore there will be 

no market disruption related to their delisting.

• Availability of General Information: The Exchange will make publicly available the details of 

the delisting by publishing a Special Executive Report (“SER”) to the marketplace. The SER 

will be available on CME Group’s website.

Contract Title

Rulebook 

Chapter

Commodity

Code

Coal (API 4) FOB Richards Bay (ARGUS-McCloskey) Futures 928 MFF
20 S Wacker Dr Chicago, IL 60606 T 312 466 7478 tim.elliott@cmegroup.com cmegroup.com

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Pursuant to Section 5c(c) of the Act and CFTC Regulations 40.6(a), the Exchange hereby certifies that the 

delisting of the Contract complies with the Act, including regulations under the Act. There were no 

substantive opposing views to the proposal.

The Exchange certifies that this submission has been concurrently posted on the CME Group website at 

http://www.cmegroup.com/market-regulation/rule-filings.html. 

Should you have any questions concerning the above, 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 

Attachments: Exhibit A: Amendments to NYMEX Rulebook Chapter 928 (blackline format)

Exhibit B: Position Limits, Position Accountability and Reportable Level Table in Chapter

5 of the NYMEX Rulebook (attached under separate cover) (blackline format)
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Exhibit A

NYMEX Rulebook

(deletions struckthrough)

Chapter 928

Coal (API 4) FOB Richards Bay (ARGUS-McCloskey) Futures

928100. 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. The procedures for trading, clearing and cash 

settlement of this contract, and any other matters not specifically covered herein shall be governed 

by the general rules of the Exchange.

928101. CONTRACT SPECIFICATIONS

The Floating Price for each contract month shall be equal to the (API 4) fob Richards Bay Monthly 

Coal Price Index published in the Argus/McCloskey’s Coal Price Index Report (i.e. being the average 

of weekly prices during the contract month).

928102. TRADING SPECIFICATIONS

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

928102.A. Trading Schedule

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

928102.B. Trading Unit

The contract quantity shall be 1,000 metric tons. Each contract shall be valued as the contract 

quantity (1,000 metric tons) multiplied by the settlement price. 

928102.C. Price Increments

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

be $0.05 (5¢) per metric ton. The minimum final settlement is $0.01 per metric ton. There shall be no 

maximum price fluctuation.

928102.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.

928102.E. Termination of Trading

The contract shall terminate at the close of trading on the last Friday of the contract month. If such 

Friday is a UK holiday, the contract will terminate on the UK business day immediately prior to the 

last Friday of the contract month unless such day is not an Exchange business day, in which case 

the contract shall terminate on the Exchange business day immediately prior.

928103. FINAL SETTLEMENT

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.

928104. DISCLAIMER
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The Coal (API 4) FOB Richards Bay (ARGUS-McCloskey) Futures are not sponsored, endorsed, 

sold or promoted by Argus or IHS. Argus and THS make no representation or warranty, express or 

implied, to the owners of the Coal (API 4) FOB Richards Bay (ARGUS-McCloskey) Futures or any 

member of the public regarding the advisability of trading in the Coal (API 4) FOB Richards Bay 

(ARGUS-McCloskey) Futures. Argus' and IHS' only relationship to Chicago Mercantile Exchange 

Inc., and New York Mercantile Exchange, Inc., (together “CME") is the licensing of certain trademarks 

and trade names of Argus and IHS and of the API 2, API 3, API 4, API 5, API 6, API 8 and API 12 

indexes which are determined, composed and calculated by Argus and IHS without regard to CME 

or the Coal (API 4) FOB Richards Bay (ARGUS-McCloskey) Futures. Argus and lHS have no 

obligation to take the needs of CME or the owners of the Coal (API 4) FOB Richards Bay (ARGUSMcCloskey) Futures into consideration in determining, composing or calculating the API 2, API 3, 

AP( 4, API 5, API 6, API 8 and APJ 12 indexes . Argus and IHS are not responsible for and have not 

participated in the determination of the timing of, prices at, or quantities of the Coal (API 4) FOB 

Richards Bay (ARGUS-McCloskey) Futures to be listed or in the determination or calculation of the 

equation by which the Coal (API 4) FOB Richards Bay (ARGUS-McCloskey) Futures are to be 

converted into cash. Argus and IHS have no obligation or liability in connection with the 

administration, marketing or trading of the Coal (API 4) FOB Richards Bay (ARGUS-McCloskey) 

Futures.

ARGUS, IHS AND CME DO NOT GUARANTEE THE ACCURACY AND/OR THE 

COMPLETENESSOF THE API 2, API 3, APJ 4, API 5, API 6, API 8 AND API 12 INDEXES OR ANY 

DATA RELATED THERETO AND NEITHER ARGUS, IHS, NOR CME SHALL HAVE ANY LIABILITY 

FOR ANY ERRORS, OMISSIONS, OR lNTERRUPTIONS THEREIN. ARGUS, IHS AND CME 

MAKE NO WARRANTY, EXPRESS OR lMPLIED, AS TO RESULTS TO BE OBTAINED BY CME, 

OWNERS OF THE COAL (API 4) FOB RICHARDS BAY (ARGUS-MCCLOSKEY) FUTURES, OR 

ANY OTHER PERSON OR ENTITY FROM THE USE OF THE API 2, APJ 3, APJ 4, API 5, API 6, 

API 8 AND API 12 INDEXES OR ANY DATA RELATED THERETO. ARGUS, IHS, AND CME MAKE 

NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIM ALL WARRANTIES, OF 

MERCHANTABlLITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO 

THE API 2, API 3, API 4, API 5, API 6, API 8 AND API 12 INDEXES OR ANY DATA RELATED 

THERETO. WlTHOUT LIMITING ANY OF THE FOREGOlNG, IN NO EVENT SHALL ARGUS, IHS, 

OR CME HAVE ANY LIABILITY FOR ANY DAMAGES WHATSO EVER, WHETHER DIRECT OR 

INDIRECT, INCLUDING WITHOUT LIMITATION, LOST PROFIT S OR INDIRECT , PUN ITIVE, 

SPECIAL OR CONSEQUENTIAL DAMAGES (INC LUDING LOST PROFITS}, EVEN IF NOTIFIED 

OF THE POSSIBILITY OF SUCH DAMAGES. THERE ARE NO THIRD PARTY BENEFICIAR IES 

OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN ARGUS, IHS, AND CME.
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Exhibit B

NYMEX Rulebook

Chapter 5

(“Trading Qualifications and Practices”)

Position Limits, Position Accountability and Reportable Level Table 

(attached under separate cover)