• Large Trader Requirements, Initial Spot-Month Limits, All Month/Single Month Accountability Levels, Reporting Levels, and Spot Month Aggregation Allocations for Two (2) New Singapore Fuel Oil Mini Weekly Spread Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6788
      • Notice Date
      • 08 August 2013
      • Effective Date
      • 12 August 2013
    • In connection with the launch of two (2) new Singapore Fuel Oil Mini Weekly Spread futures contracts on trade date August 12, 2013 (see SER-6746 dated July 16, 2013), please note below the corresponding all month/single month accountability levels (NYMEX Rule 560), initial spot month position limits (NYMEX Rule 559), reportable levels (NYMEXRule 561), and spot month aggregation allocations for the new contracts. Effective trade date August 12, 2013, and pending all relevant CFTC regulatory review periods, the terms and conditions for these contracts 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 codes are 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
      Spot-Month Aggregate Into Futures Equivalent Leg (1)
       
      Spot-Month Aggregate Into Futures Equivalent Leg (2)
      Initial Spot-Month Limit (In Net Futures Equiva-lents)
      Single Month Account-ability Level Leg (1) / Leg (2)
      All Month Account-ability Level Leg (1) / Leg (2)
      Report-ing Level
       
      Singapore Fuel Oil 380 cst (Platts) Mini Weekly Spread Futures
      839
      SMW
      LSP
       
       
       
       
      SE
      300/150
      3,000/
      1,500
      3,000/
      1,500
      25
      Singapore Fuel Oil 180 cst (Platts) Mini Weekly Spread Futures
      470
      SDM
      SDM
       
       
       
       
      UA
      1,000/
      500
      10,000/
      5,000
      10,000/
      5,000
      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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