• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Diminishing Balances and Aggregation Allocations for Three (3) New Tanker Index Average Price Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5458
      • Notice Date
      • 01 December 2010
      • Effective Date
      • 01 December 2010
    • In connection with the launch of three (3) new Tanker Index Average Price Option contracts on trade date December 6, 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 Glenn Hofferber, Associate Director, Market Surveillance, at 212.299.2884, or Ryne Toscano, Lead Market Surveillance Analyst, at 212.299.2879. 

       

       

       

      (Bold/underlining indicates additions)

       

      Contract Name

      Rule Chap-ter

      Com-modity Code

      Diminish-ing Balance Contracts

      All Month Account-ability Level

      Any One Month Account-ability Level

      Expira-tion Month Limit

      Report-ing Level

      Aggre-gate Into (1)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

      Tanker Indices

       

       

       

       

       

       

       

       

      Clean Tanker Index

       

       

       

       

       

       

       

       

       

      Freight Rout TC2 (Baltic) Average Price Option

      947

      TCW

      *

      5,000

      5,000

      500

      25

      TM

       

      Freight Rout TC5 (Platts) Average Price Option

      948

      TCF

      *

      10,000

      10,000

      1,000

      25

      TH

      Dirty Tanker Index

       

       

       

       

       

       

       

       

       

      Freight Route TD3 (Baltic) Average Price Option

      949

      TDT

      *

      10,000

      10,000

      1,000

      25

      TL