SUBMISSION COVER SHEET

IMPORTANT: Check box if Confidential Treatment is requested 

Registered Entity Identifier Code (optional): 22-394

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): 10/31/22 Filing Description: Delisting of the California Low 

Carbon Fuel Standard (PRIMA) 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.
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

October 31, 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, D.C. 20581

Re: CFTC Regulation 40.6(a) Certification. Delisting of California Low Carbon Fuel 

Standard (PRIMA) Futures Contract.

NYMEX Submission No. 22-394

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 California Low Carbon Fuel Standard 

(PRIMA) Futures contract (the “Contract”) as set forth in the table below effective immediately. There is no 

open interest in the Contract. 

Contract Title Commodity

Code

Rulebook 

Chapter

California Low Carbon Fuel Standard (PRIMA) Futures LCF 1259

The Contract is being delisted from the CME Globex electronic trading platform (“CME Globex”) and CME 

ClearPort, the venues on which they were listed.

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

The product rule chapter 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 (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 were removed. 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 (“CEA” or “Act”) 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.
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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Pursuant to Section 5c(c) of the Act and CFTC Regulation 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 this proposal.

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

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

Should you have any questions concerning the above, please e-mail 

CMEGSubmissionInquiry@cmegroup.com or contact the undersigned at (212) 299-2200. 

Sincerely,

/s/ Christopher Bowen

Managing Director and Chief Regulatory Counsel

Attachments: Exhibit A - Amendments to NYMEX Rulebook Chapter 1259 (blackline format) 

 Exhibit B - Position Limit, Position Accountability, and Reportable Level Table in

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

NYMEX Rulebook

(deletions struck through)

Chapter 1259

California Low Carbon Fuel Standard (PRIMA) Futures

1259100. SCOPE OF CHAPTER

The provisions of these rules shall apply to all 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. 

1259101. CONTRACT SPECIFICATIONS

The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the 

high and low quotations from PRIMA for California LCFS Index for each business day that it is 

determined during the contract month.

1259102. TRADING SPECIFICATIONS

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

1259102.A. Trading Schedule

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

1259102.B. Trading Unit

The contract quantity shall be 100 LCFS credits (1 LCFS credit is equivalent to 1 metric ton). Each 

contract shall be valued as the contract quantity (100) multiplied by the settlement price.

1259102.C. Price Increments

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

be $0.25 per ton. There shall be no maximum price fluctuation.

1259102.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.

1259102.E. Termination of Trading

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

1259103. 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. 
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EXHIBIT B

NYMEX Rulebook 

Chapter 5

Position Limit, Position Accountability, and Reportable Level Table of the NYMEX Rulebook

(attached under separate cover)