News Release

Exchange Announces Position Limits and Accountability Levels for New Natural Gas Basis Swap Futures Contracts

Fri Feb 18 2005
NEW YORK, N.Y., February 18, 2005 — The New York Mercantile Exchange, Inc., today announced the position limits and accountability levels for its seven new natural gas basis swap futures contracts that will launch on NYMEX ClearPortsm on February 21 for the February 22 trade date.

The position accountability levels for the new contracts will be 10,000 contracts for any single month or all months, with the exception of a 1,000-contract level for the last three days of the expiring contract for ANR Louisiana basis swap futures, Kern River, Wyoming basis swap futures, Questar basis swap futures, Texas Gas, Zone SL basis swap futures, and Trunkline, LA basis swap futures and the 1,500-contract level for the last three days of the expiring contract for Tennessee 500 Leg basis swap futures and Tennessee Zone 0 basis swap futures. Clearing members must identify customers with a position of 25 contracts or more to the Exchange.

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