• Administrative Amendments to NYMEX Chapter 5, Position Limits, Accountability Levels and Reportable Levels Table to Denote the Diminishing Balance Allocations for Two (2) Mont Belvieu Ethylene Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5323
      • Notice Date
      • 15 July 2010
      • Effective Date
      • 19 July 2010
    • The New York Mercantile Exchange, Inc. (“NYMEX”) will amend NYMEX Chapter 5, Position Limits, Accountability Levels and Reportable Levels Table to denote the diminishing balance allocations (*) for the Mont Belvieu Ethylene (PCW) Financial Swap Futures and Mont Belvieu Ethylene (PCW) BALMO Swap Futures contracts.  Diminishing balance contracts are those whose front month volume in any given contract month diminishes as the contract month progresses towards month’s end.  These changes will be reflected in the Position Limit Table effective on trade date July 19, 2010.    

       

      Contract related questions can be directed to Joe Hawrysz, Director, Global Market Surveillance, at 312.341.7750. 

       

      (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)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

      Light Hydrocarbons

       

       

       

       

       

       

       

       

      Mont Belvieu

       

       

       

       

       

       

       

       

       

      Mont Belvieu Ethylene (PCW) Financial Swap Futures

      602

      MBN

      *

      6,000

      4,000

      800

      25

      MBN

       

      Mont Belvieu Ethylene (PCW) BALMO Swap Futures

      587

      MBB

      *

      6,000

      4,000

      800

      25

      MBN