SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 22-348

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): 09/26/22 Filing Description: Delisting of Two (2) Coal Futures 

Contracts

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.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 301 4645 christopher.bowen@cmegroup.com cmegroup.com

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Christopher Bowen 

Managing Director and Chief Regulatory Counsel

Legal Department

September 26, 2022

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 Two (2) Coal Futures Contracts.

NYMEX Submission No. 22-348

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 two (2) coal futures contracts (the 

“Contracts”) as noted in the table below, effective immediately. There is no open interest in the Contracts.

Contract Title Commodity 

Code

Rulebook

Chapter

Coal (API 5) fob Newcastle (Argus/McCloskey) Futures ACM 1104

Micro Coal (API 5) fob Newcastle (Argus/McCloskey) Futures M5F 1131

The Contracts are being delisted from the CME Globex electronic trading platform (“CME Globex”), the 

venue on which they were listed. 

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

product rule chapters; all other references to the Contracts and terms and conditions contained 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 were 

removed from the Exchange Rulebook and the CME Group website. 

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

the Commodity Exchange Act (“CEA” or “Act”) and identified that the delisting may have some bearing on 

the following Core Principles:

• Emergency Authority: There is no open interest in the Contracts, 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 of the Contracts by publishing a Special Executive Report (“SER”) to the marketplace. The 

SER will be available on CME Group’s website.

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

delisting the Contracts complies with the Act, including regulations under the Act. There were no substantive 

opposing views to the proposal.
300 Vesey Street New York, NY 10282 T 212 299 2200 F 212 299 2299 christopher.bowen@cmegroup.com cmegroup.com

2

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 (212) 299-2200 

or via e-mail at CMEGSubmissionInquiry@cmegroup.com.

Sincerely, 

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachments: Appendix A: Amendments to NYMEX Rulebook Chapters (blackline format) 

Appendix B: Position Limits, Position Accountability and Reportable Level Table in 

Chapter 5 of the NYMEX Rulebook (attached under separate cover)
3

Appendix A

NYMEX Rulebook

(deletions are struck through)

Chapter 1104

Coal (API 5) Fob Newcastle (Argus/McCloskey) Futures

1104100. 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.

1104101. CONTRACT SPECIFICATIONS

The Floating Price for each contract month shall be equal to the API 5 fob Newcastle 5,500 kcal/kg 

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).

1104102. TRADING SPECIFICATIONS

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

1104102.A. Trading Schedule

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

1104102.B. Trading Unit

The contract quantity shall be one thousand (1,000) metric tons. Each contract shall be valued as the 

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

1104102.C. Price Increments

Prices shall be quoted in U.S. dollars and cents per ton. The minimum price fluctuation shall be $0.05 

(5¢) per metric ton. The minimum final settlement is $0.01 per metric ton. 

1104102.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.

1104102.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. 

1104103. FINAL SETTLEMENT

Final settlement 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.

1104104. DISCLAIMER

The Coal (API 5) FOB Newcastle (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 
4

the owners of the Coal (API 5) FOB Newcastle (Argus/McCloskey) Futures or any member of the public 

regarding the advisability of trading in the Coal (API 5) FOB Newcastle (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 5) FOB Newcastle 

(Argus/McCloskey) Futures. Argus © Copyright 2009 New York Mercantile Exchange, Inc. All rights 

reserved. Page 2 of 2 and lHS have no obligation to take the needs of CME or the owners of the Coal 

(API 5) FOB Newcastle (Argus/McCloskey) 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 5) FOB Newcastle (Argus/McCloskey) Futures to be listed or in the determination or 

calculation of the equation by which the Coal (API 5) FOB Newcastle (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 5) FOB Newcastle (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 

5) FOB NEWCASTLE (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.
5

Chapter 1131

Micro Coal (API 5) FOB Newcastle (Argus/McCloskey) Futures

1131100. 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.

1131101. CONTRACT SPECIFICATIONS

The Floating Price for each contract month shall be equal to the API 5 fob Newcastle 5,500 kcal/kg 

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).

1131102. TRADING SPECIFICATIONS

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

1131102.A. Trading Schedule

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

1131102.B. Trading Unit

The contract quantity shall be ten (10) metric tons. Each contract shall be valued as the contract quantity 

(10) multiplied by the settlement price.

1131102.C. Price Increments

Prices shall be quoted in U.S. dollars and cents per ton. The minimum price fluctuation shall be $0.05 

(5¢) per metric ton. The minimum final settlement is $0.01 per metric ton. 

1131102.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.

1131102.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. 

1131103. FINAL SETTLEMENT

Final settlement 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.

1131104. DISCLAIMER

The Micro Coal (API 5) FOB Newcastle (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 Micro Coal (API 5) FOB Newcastle (Argus/McCloskey) Futures or any member of 

the public regarding the advisability of trading in the Coal (API 5) FOB Newcastle (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 
6

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 Micro Coal (API 5) FOB © 

Copyright 2009 New York Mercantile Exchange, Inc. All rights reserved. Page 2 of 2 Newcastle 

(Argus/McCloskey) Futures. Argus and lHS have no obligation to take the needs of CME or the owners 

of the Micro Coal (API 5) FOB Newcastle (Argus/McCloskey) 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 Micro Coal (API 5) FOB Newcastle (Argus/McCloskey) Futures to be listed or in the 

determination or calculation of the equation by which the Micro Coal (API 5) FOB Newcastle 

(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 Micro Coal (API 5) FOB Newcastle 

(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 MICRO 

COAL (API 5) FOB NEWCASTLE (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.
7

Appendix B

NYMEX Rulebook

Chapter 5

(“Trading Qualifications and Practices”)

Position Limit, Position Accountability, and Reportable Level Table 

(deletions struck through)

(attached under separate cover)