The CME Group will establish clearing services for the OTC Ethanol Los Angeles Basis Swap on October 15, 2007 (Modified). The OTC Ethanol Los Angeles Basis Swap can be entered for clearing on CME Front End Clearing from 6:36 p.m. to 4:00 p.m. Chicago Time, Sunday through Friday.

Please view the following specifications for OTC Ethanol Los Angeles Basis Swap:

Ticker Symbol:

OTC: LAB

QVS Product Grouping:

Promotional

Trading Unit:

14,500 gallons

Clearing Hours:

Electronic, 6:36 p.m. to 4:00 p.m., Chicago Time, Sunday through Friday

Contract Month Cycle:

For each listed Ethanol futures contract, list a corresponding Los Angeles Basis Swap. For example, if a November 07 Ethanol futures contract is listed, then a November 07 Los Angeles Basis Swap would also be listed.

Min. Price Fluctuation:

$.001/gal = $14.50 per contract

Max. Price Fluctuation:

None

Daily Price Limits and Dynamic Price Limit Ranges:

No daily price limits; no dynamic price limits

Position Limits:

None

Last Trading Day:

Last business day of the month preceding the contract month

Expiration:

9:00 a.m. Chicago Time

Delivery Standards/Exercise Procedures:

Cash settled

ITC Fractional Indicator:

4

ITC Price Formats:

00006200

00006210

00006220

00006230

ITC Special Settlement Price Format:

00006210

Please contact the Market Data Vendor Help Desk at (312) 341-3163 or cbotvendorsupport@cmegroup.com, if you have any questions.