• Administrative Amendments to the Position Limit, Position Accountability and Reportable Level Table in Chapter 5 of the NYMEX Rulebook for Three (3) Petroleum Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5852
      • Notice Date
      • 15 July 2011
      • Effective Date
      • 15 July 2011
    • The New York Mercantile Exchange, Inc. (“NYMEX”) is amending the NYMEX Chapter 5, Position Limit, Position Accountability and Reportable Level Table for three (3) petroleum contracts.  These amendments will be effective on trade date Friday, July 15, 2011.       

       

      The expiration month position limit for the Gasoil 0.1% (Platts) Cargoes CIF NEW Crack Spread (1000 mt) Swap Futures contract is being amended to reflect the correct limit of 150/2,000.

       

      The all month accountability level of the Gasoil Crack Spread Average Price Option is amended to 1,500/20,000 to correctly reflect the all month accountability level of the individual legs of the spread option.

       

      The aggregation allocation for the Ethanol (Argus) T2 FOB Rdam Including Duty Swap Futures is amended to reflect that the contract aggregates into itself (YE).

       

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

       

       

       


      NYMEX Chapter 5 Position Limit Table

       (Bold/underlining 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

      Expira-tion Month Limit

      Report-ing Level

      Aggre-gate Into (1)

      Aggre-gate Into (2)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

      Petroleum

       

       

       

       

       

       

       

       

       

      Europe

       

       

       

       

       

       

       

       

       

      Northwest Europe

       

       

       

       

       

       

       

       

       

       

      Gasoil 0.1% (Platts) Cargoes CIF NWE Crack Spread (1000mt) Swap Futures

      145

      GEB

      *

      1,000/20,000

      500/20,000

      150/

      20,000 2,000

      25

      TW

      BZ

       

      Gasoil Crack Spread Average Price Option

      710A

      3U

      *

      7,0001,500/ 20,000

      1,500/

      20,000

      150/

      2,000

      25

      UN

      BB

       

      Ethanol (Argus) T2 FOB Rdam Including Duty Swap Futures

      210

      YE

      *

      750

      500

      100

      25

      WE YE