Terms and Conditions for Silver Fixed-Payout Hedgelet Contracts along with certain Amendments to HedgeStreet Rule 12.28(b), (k), (l) and (n) regarding the Crude Oil Fixed-Payout Hedgelet Contracts are filed
In accordance with Commission Regulation 40.2 and 40.6, the HedgeStreet Rule and Instrument Committees ("HedgeStreet") have approved the listing of Silver Fixed Payout Hedgelet contracts. This new instrument is offered and represented by new Rule 12.29. A description of an unbaised methodology for determining settlement values to be used on the HedgeStreet Exchange was also reviewed and approved along with the listing of this new product. Additionally, amendments to Crude Oil Fixed-Payout Hedgelet Contracts and the manner in which the expiration value for certain of those Contracts is to be calculated were effected.
These rule addition/amendments were incorporated into practice at the start of business on Monday, December 20, 2004. View the rule addition/amendments.