• Large Trader Reporting Requirements, All Month/Any One Month Position Accountability Levels, Expiration Month Position Limits, and Diminishing Balances and Aggregation Allocations for Two (2) New Petroleum Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5198
      • Notice Date
      • 09 April 2010
      • Effective Date
      • 09 April 2010
    • In connection with the launch of two (2) new petroleum swap futures contracts on trade date April 12, 2010, please note below the corresponding all month/any one month accountability levels (NYMEX Rule 560), expiration month position limits (NYMEX Rule 559), reportable levels (NYMEX Rule 561), and diminishing balances and aggregation allocations for the new contracts.  These contracts will be added to the Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook.  The commodity codes are provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format.   

       

      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. 

       

      (Bold/underline indicates additions; strikethrough indicates deletions)

       

      Contract Name

      Rule Chap-ter

      Com-modity Code

      Diminish-ing Balances Contracts

      All Month Account-ability Level

      Any One Month Account-ability Level

      Expiration Month Limit

      Report-ing Level

      Aggre-gate Into (1)

      Aggre-gate Into (2)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

      Petroleum

       

       

       

       

       

       

       

       

       

      USA

      EIA Flat Tax U.S. Retail Gasoline Swap Futures

      313

      JE

      7,000

      5,000

      3,000

      25

      JE

       

      Europe

      Northwest Europe

      Dated to Frontline Brent BALMO Swap Futures

      831

      FE

      *

      5,000/20,000

      5,000/20,000

      1,000/2,000

      25

      UB

      BB