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

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5920
      • Notice Date
      • 08 September 2011
      • Effective Date
      • 12 September 2011
    • In connection with the launch of two (2) new petroleum spread futures contracts on trade date September 12, 2011 (see SER-5904 dated August 31, 2011), 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), 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 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; strikethrough indicates deletions)

       


       

      NYMEX Rulebook Chapter 5 Position Limit Table

      (Bold/underlining indicates additions)

       

       

      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

       

       

       

       

       

       

       

       

       

       

      European Diesel 10 ppm Barges FOB Rdam vs. Gasoil 50 ppm (Platts) Barges FOB Rdam Swap Futures

      1124

      ENF

      *

      5,000/ 1,000

      5,000/ 1,000

      500/ 150

      25

      GT

      GFS

       

      Gasoil 50 ppm Barges FOB Rdam vs. Gasoil 0.1% (Platts) Barges FOB Rdam Swap Futures

      1123

      GFN

      *

      1,000/ 1,000

      500/ 500

      150/ 150

      25

      GFS

      VL