Large Trader Requirement, All Month/Any One Month Accountability Levels, Expiration Month Position Limit, and Aggregation Allocation for the Pine Prairie Energy Center (PPEC) Physically Delivered Natural Gas Monthly Basis Futures Contract, and Amendments to the Header Notes in the Position Limit Table in Chapter 5 of the NYMEX Rulebook

In connection with the launch of the new Pine Prairie Energy Centre (PPEC) Physically Delivered Natural Gas Monthly Basis Futures contract on trade date July 25, 2011 (see SER-5811 dated June 27, 2011), please note below the corresponding all month/any one month accountability levels (NYMEX Rule 560), expiration month position limit (NYMEX Rule 559), reportable level (NYMEX Rule 561), and aggregation allocation for the new contract.  This contract 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 code is provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format. 

In addition, the reference that the expiration month position limit of this Monthly Basis Futures contract will be assessed on a daily basis, and against a daily limit of 150 contracts, will be added to the Header Notes of the Position Limit Table in Chapter 5 of the NYMEX Rulebook. 

Contract related questions can be directed to Chris Reinhardt, Associate Director, Market Surveillance, at 212.299.2882, and Ryne Toscano, Supervisor, Market Surveillance, at 212.299.2879.

NYMEX Rulebook Chapter 5 Position Limit Table

 (Bold/underlining indicates additions)

Interpretations and Special Notices Relating to Chapter 5

Position Limit, Position Accountability and Reportable Level Table

Header Notes

9. The Expiration Limit for Pine Prairie Energy Center (PPEC) Physically Delivered Natural Gas will be assessed on a daily basis. The aggregate of the Daily/Weekend Futures, BALMO Futures, Monthly Futures, and Monthly Basis Futures contract shall be assessed against a daily limit of 150 futures contracts.