Financially Cleared Transactions

Through our agreement with The New York Mercantile Exchange (NYMEX), and for a selected group of products, HMX participants also have the option to execute financially cleared over the counter (OTC) transactions through HMX that are transmitted in real-time to the NYMEX Clearport clearing system.

Listed products settle either financially in cash or with physical delivery of product at a designated pre-defined delivery point. Functionally, cleared transactions are executed on HMX in the same manner as a bilateral transaction. Additionally, block trades that are conducted off-exchange can be submitted to Clearport through the HMX system for clearing participants.

Current cleared products are as follows, with additional products to be added as markets develop:

NYMEX Product Symbol	Product	Settlement	Delivery Location Basis	Settlement Price for Margining & Final Settlement
PT	Propane Swap	Financial	LDH Mont Belvieu, TX	OPIS Daily Price
PS	European Propane CIF ARA (Argus) Swap	Financial	CIF ARA	Argus
NP	Henry Hub Natural Gas Penultimate Swap	Financial	Henry Hub
NN	Henry Hub Natural Gas Swap	Financial	Henry Hub

Clearing participants must have an account in good standing with an approved FCM and separately agree to the terms and conditions of HMX

Margin Requirements

NYMEX sets margin requirements for cleared transactions conducted through HMX.

Clearing Firms

If you have a specific clearing firm you would like to use to clear your trades, please contact us.