• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, Diminishing Balance Contracts and Aggregation Allocations for Three (3) New Plastic Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6205
      • Notice Date
      • 27 April 2012
      • Effective Date
      • 30 April 2012
    • In connection with the launch of three (3) new plastic swap futures contracts on trade date April 30, 2012 (see SER-6202 dated April 11, 2012), 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, 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)
       
       

      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
       
      Plastics
       
       
       
       
       
       
       
       
       
      PP Polypropylene (PCW) BALMO Swap Futures
      1222
      PPW
      *
      12,000
      12,000
      2,500
      25
      PPP
       
      HDPE High Density Polyethylene (PCW) BALMO Swap Futures
      1220
      HPD
      *
      10,000
      10,000
      2,000
      25
      HPE
       
      LLDPE Linear Low Density Polyethylene (PCW) BALMO Swap Futures
      1221
      LEL
      *
      10,000
      10,000
      2,000
      25
      LPE