SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested

Registered Entity Identifier Code (optional): 14-283 (2 of 3)

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): August 11, 2014 Filing Description: Delisting of One (1) 

Natural Gas 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

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: Texas Gas, Zone SL Natural Gas (Platts 

IFERC) Basis Futures

Rule Numbers: NYMEX Chapter 772
1 North End Avenue New York, NY 10282 T 212 299 2200 F 212 299 2299 christopher.bowen@cmegroup.com cmegroup.com

1

Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

August 11, 2014

VIA ELECTRONIC PORTAL

Ms. Melissa Jurgens

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(a) Certification. Notification Regarding the Delisting 

of One (1) Natural Gas Futures Contract.

NYMEX Submission No. 14-283 (2 of 3)

Dear Ms. Jurgens,

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

Trading Commission (“CFTC” or “Commission”) that it is self-certifying the delisting of one (1) natural gas 

futures contract effective immediately, as set out in the table below:

Product Name

Clearing 

Code

Rulebook 

Chapter

Texas Gas, Zone SL Natural Gas (Platts IFERC) Basis Futures TB 772

This contract will be delisted from CME Globex, CME ClearPort and Open Outcry, the venues on which it 

is currently listed. There is no open interest in this contract. 

NYMEX business staff responsible for the delisting of the contract and the NYMEX Legal Department 

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

Commodity Exchange Act (“CEA” or “Act”). During the review, NYMEX staff identified that the delisting of 

the contract may have some bearing on the following Core Principles:

 Emergency Authority: There is no open interest in this contract, and therefore there will be no 

market disruption related to its delisting.

 Availability of General Information: Notice will be made of the contract’s delisting, and upon 

delisting, the terms and conditions of this contract will no longer be available to the marketplace.

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

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

substantive opposing views to this proposal.

The Exchange certifies that this submission has been concurrently posted on the Exchange’s website at

http://www.cmegroup.com/market-regulation/rule-filings.html.
1 North End Avenue New York, NY 10282 T 212 299 2200 F 212 299 2299 christopher.bowen@cmegroup.com cmegroup.com

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Should you have any questions concerning the above, please contact the undersigned at (212) 299-2200

or via e-mail at Christopher.Bowen@cmegroup.com.

Sincerely,

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachments:

Appendix A – Amendments to NYMEX Position Limit Table (under separate cover)

Appendix B – NYMEX Rulebook Revision
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Appendix A

Amendments to NYMEX Chapter 5 Position Limit Table

(Attached under separate cover)
4

Appendix B

NYMEX Rulebook

(strikethrough indicates deletion)

Chapter 772

Texas Gas, Zone SL Natural Gas (Platts IFERC) Basis Futures

772.1. SCOPE

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.

772.2. FLOATING PRICE

The Floating Price for each contract month will be equal to the Platts Inside FERC's Gas Market 

Report ("Platts IFERC") Texas Gas Transmission Corp., Zone SL Index ("Index") published in the table

titled "Prices of Spot Gas Delivered to Pipelines" in the first regular issue of the contract month minus 

the NYMEX (Henry Hub) Natural Gas Futures contract final settlement price for the corresponding

contract month.

772.3. CONTRACT QUANTITY AND VALUE

The contract quantity shall be 2,500 MMBtu (million British thermal units).

Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the

number of calendar days in that contract month, provided however this restriction on transaction size

does not apply to either Exchange of Futures for, or in Connection with Product (EFP) or Exchange of 

Futures for, or in Connection With Swap Transactions (EFS).

Each contract shall be valued as the contract quantity (2,500 MMBtu) multiplied by the settlement 

price.

772.4. CONTRACT MONTHS

Trading shall be conducted in contracts in such months as shall be determined by the Board of Directors.

772.5. PRICES AND FLUCTUATIONS

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

$0.0001 per MMBtu. There shall be no maximum price fluctuation.

772.6. TERMINATION OF TRADING

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

772.7. 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, provided, however, that in the event that the Floating 
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Price is not available to the Exchange for any reason, the President or the President's designee, based

on the best information available to the Exchange at the time, will determine a final settlement price,

which in the judgment of staff, is intended to serve as the best substitute for the Floating Price.

RESERVED

772.8. DISCLAIMER

Platts, a division of The McGraw-Hill Companies, Inc. ("Platts"), licenses The New York Mercantile 

Exchange, Inc. (“NYMEX”) to use various Platts' price assessments in connection with the trading of

the contracts.

NEITHER NYMEX NOR PLATTS GUARANTEES THE ACCURACY AND/OR COMPLETENESS OF 

THE INDEX OR ANY OF THE DATA INCLUDED THEREIN.

NYMEX AND PLATTS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AS TO THE RESULTS TO

BE OBTAINED BY ANY PERSON OR ENTITY FROM USE OF THE INDEX, TRADING BASED ON 

THE INDEX, OR ANY DATA INCLUDED THEREIN IN CONNECTION WITH THE TRADING OF THE 

ANR LOUISIANA BASIS (PLATTS IFERC) FUTURES CONTRACT, OR, FOR ANY OTHER USE. 

NYMEX AND PLATTS MAKE NO WARRANTIES, EXPRESS OR IMPLIED, AND HEREBY DISCLAIM

ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE

WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF 

THE FOREGOING, IN NO EVENT SHALL NYMEX OR PLATTS HAVE ANY LIABILITY FOR ANY

LOST PROFITS OR INDIRECT, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES 

(INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.