• Delisting of Mont Belvieu Ethane (OPIS) Swap Futures, Mont Belvieu Ethane (OPIS) Average Price Option and Month Belvieu Ethane (OPIS) BALMO Swap Futures

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5062
      • Notice Date
      • 25 November 2009
      • Effective Date
      • 30 November 2009
    • Effective close of business November 30, 2009, the New York Mercantile Exchange will delist the Mont Belvieu Ethane (OPIS) Swap Futures (code W8, Rule 586), its related average price option contract, Mont Belvieu Ethane (OPIS) Average Price Option (code F1, Rule 586A), and related BALMO, Month Belvieu Ethane (OPIS) BALMO Swap Futures (code V4, Rule 315).  NYMEX Chapter 5, Position Limit, Position Accountability and Reportable Table will be amended with the removal of these delisted contracts.  The delisting of these three contracts is in connection with the migration of open interest from Mont Belvieu Ethane (OPIS) Swap Futures to Mont Belvieu Ethane 5 Decimals (OPIS) Swap Futures (code C0).  (Please refer to CME Clearing Advisory Notice 09-514 dated November 20, 2009 and Market Regulation Advisory SER-5061 dated November 24, 2009 for further details.)

       

      Contract related questions can be directed to Anthony V. Densieski, Director, Market Surveillance at 212.299.2881, or Chris Reinhardt, Supervisor, Market Surveillance at 212.299.2884.  Please contact Martin Jacobs, Senior Director, Applications Development at 212.299.2829 if you have any information services questions. 

       

      (Strikethrough indicates deletions)

      Contract Name

      Rule Chap-ter

      Com-modity Code

      Diminishing Balances Contracts

      All Month Accountability Level

      Any One Month Accountability Level

      Expiration Month Limit

      Report-ing Level

      Aggre-gate Into (1)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

      Light Hydrocarbons

       

       

       

       

       

       

       

       

      Mont Belvieu

       

       

       

       

       

       

       

       

      Mont Belvieu Ethane (OPIS) Swap Futures

      586

      W8

      *REMOVE

      2,000

      1,500

      250

      25

      C0

      Mont Belvieu Ethane (OPIS) Average Price Option

      586A

      F1

      2,000

      1,500

      250

      25

      C0

      Mont Belvieu Ethane (OPIS) BALMO Swap Futures

      315

      V4

      2,000

      1,500

      250

      25

      C0