• Large Trader Requirements, Initial Spot-Month Limit, All Month/Single Month Accountability Levels, Reporting Level, Diminishing Balances and Spot Month Aggregation Allocation for the New Australian Coal Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6692
      • Notice Date
      • 13 June 2013
      • Effective Date
      • 17 June 2013

    •  

      In connection with the launch of the new Australian Coal futures contract on trade date June 17, 2013 (see SER-6638 dated May 14, 2013), please note below the corresponding initial spot month limit (NYMEX Rule 559), all month/single month accountability levels (NYMEX Rule 560), reportable level (NYMEXRule 561), diminishing balances and spot month aggregation allocation for the new contract. Effective trade date June 17, 2013, and pending all relevant CFTC regulatory review periods, the terms and conditions for this contract will be inserted into the NYMEX Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook, as noted below.
       
      The commodity code is provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format. 
       

      Contract Name
      Rule Chap-ter
      Com-modity Code
       
       
       
       
      Diminish-
      ing Balances Contracts
      Spot-Month Aggregate Into Futures Equivalent Leg (1)
      Initial Spot-Month Limit (In Net Futures Equiva-lents)
      All Month Account-ability Level
      Single Month Account-ability Level
      Report-ing Level
       
      Coal (API 5) fob Newcastle (Argus/McCloskey) Futures
      1104
      ACM
       
       
       
       
      Y
      ACM
      250
      750
      750
      25

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Please refer questions on this subject to:
      Market Surveillance
      Chris Reinhardt                                      Chris.Reinhardt@cmegroup.com                        (212) 299-2882
      Ryne Toscano                                       Ryne.Toscano@cmegroup.com                          (212) 299-2879

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