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

      • To
      • Firms, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7077
      • Notice Date
      • 24 April 2014
      • Effective Date
      • 28 April 2014
    • In connection with the launch of two (2) new Mini Dubai Crude Oil Futures contracts on trade date April 28, 2014, (see SER-7052RR dated April 3, 2014), please note below the corresponding spot-month aggregation allocations, all month/single month accountability levels (NYMEX Rule 560), initial spot month position limits (NYMEX Rule 559), and reportable levels (NYMEX Rule 561) for the two new contracts.  Effective trade date April 28, 2014, 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 Aggre-gate Into Futures Equiva-lent Leg (1)

      Initial Spot-Month Limit (In Net Futures Equiva-lents)  Leg (1) / Leg (2)

      Single Month Account-ability Level Leg (1) / Leg (2)

      All Month Account-ability Level Leg (1) / Leg (2)

      Report-ing Level

       

      Mini Dubai Crude Oil (Platts) Futures

      1209

      DBL

      DC

      5,000

      10,000

      10,000

      25

       

      Mini Dubai Crude Oil (Platts) BALMO Futures

      1210

      DBT

      DC

      5,000

      10,000

      10,000

      25

       

      Please refer questions on this subject to:

      Market Regulation

      Surveillance:     Ryne Toscano              Ryne.Toscano@cmegroup.com            (212) 299-2879

      Products:          Nadine Brown               Nadine.Brown@cmegroup.com             (212) 299-2223

      Large Trader

      Reporting:        Sandra Valtierra            Sandra.Valtierra@cmegroup.com          (312) 347-4137