• Large Trader Requirements, Initial Spot-Month Limits, All Month/Single Month Accountability Levels, Reporting Levels, and Spot Month Aggregation Allocations for Two (2) New Low Sulphur Gasoil-based Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6904
      • Notice Date
      • 07 November 2013
      • Effective Date
      • 11 November 2013
    • In connection with the launch of two (2) new low Sulphur Gasoil-based futures contracts on trade date November 11, 2013 (see SER-6743RRR 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
      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
       
      NY Harbor ULSD vs. Low Sulphur Gasoil (1,000bbl) Futures
      371
      NLS
      23
       
       
       
       
      LSP
      1,000/
      10,000
      5,000/
      50,000
      7,000/
      70,000
      25
       
      NY Harbor ULSD vs. Low Sulphur Gasoil (1,000mt) Futures
      254
      SLS
      23
       
       
       
       
      LSP
      1,000/
      10,000
      5,000/
      50,000
      7,000/
      70,000
      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

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2024 CME Group Inc. All rights reserved.