• Large Trader Requirements, Initial Spot-Month Limits, All Month/Single Month Accountability Levels, Reporting Levels, and Spot Month Aggregation Allocations for Three (3) New European Diesel Differentials versus NY Harbor ULSD Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6902
      • Notice Date
      • 07 November 2013
      • Effective Date
      • 11 November 2013
    • In connection with the launch of three (3 new European Diesel Differentials versus NY Harbor ULSD futures contracts on trade date November 11, 2013 (see SER-6779RRR dated October 28, 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 November 11, 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
      Diminish-ing Balance Contract
      Spot-Month Aggregate Into Futures Equivalent Leg (1)
      Initial Spot-Month Limit (In Net Futures Equiva-lents)
      Single Month Account-ability Level Leg (1)
      All Month Account-ability Level Leg (1)
      Report-ing Level
       
      European Diesel 10ppm Barges FOB Rdam (Platts) vs. NY Harbor ULSD Futures
      858
      EL1
      Y
      GT
      500/ 1,000
      5,000/ 7,000
      5,000/ 7,000
      25
       
      ULSD 10ppm Cargoes CIF NWE (Platts) vs. NY Harbor ULSD Futures
      1207
      EO1
      Y
      TY
      150/ 1,000
      500/ 7,000
      1,000/ 7,000
      25

       


       

       
      ULSD 10ppm Cargoes CIF Med (Platts) vs. NY Harbor ULSD Futures
      1208
      EP1
      Y
      Z6
      500/ 1,000
      5,000/ 7,000
      5,000/ 7,000
      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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