Financially Cleared Transactions

Through our agreement with The CME Group (NYMEX division), and for a selected group of products, HMX participants have the option to execute financially cleared over the counter (OTC) transactions on the HMX platform that are electronically transmitted in real-time to the CME 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 added as markets develop:

NYMEX Symbol	Product	Settlement	Delivery Location Basis
PT	Propane Swap	Financial-OPIS	LDH Mont Belvieu, TX
W8	Ethane Swap-Mont Belvieu	Financial-OPIS	NLDH Mont Belvieu, TX
W1	Propane Swap-Conway	Financial-OPIS	Conway, KS
Z2	Normal Butane Swap-Mont Belvieu	Financial-OPIS	NLDH Mont Belvieu, TX
Y2	Iso Butane Swap-Mont Belvieu	Financial-OPIS	NLDH Mont Belvieu, TX
W3	Natural Gasoline Swap-Mont Belvieu	Financial-OPIS	NLDH Mont Belvieu, TX
PS	European Propane CIF ARA (Argus) Swap	Financial-Argus	CIF ARA
9N	Argus Propane Saudi Aramco Swap	Financial-Argus	Argus Saudi Aramco Index
7E	Argus Propane Far East Index Swap	Financial-Argus	Argus Far East Index
P1	Polypropylene	Physical	Houston
P6	Polyethylene	Physical	Houston
NP	Henry Hub Natural Gas Penultimate Swap	Financial-NYMEX	Henry Hub
NN	Henry Hub Natural Gas Swap	Financial-NYMEX	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.