• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limit, and Aggregation Allocation for the New Daily Crude Oil Calendar Spread Option Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5931
      • Notice Date
      • 22 September 2011
      • Effective Date
      • 26 September 2011
    • In connection with the launch of the new Daily Crude Oil Calendar Spread Option contract on trade date September 26, 2011 (see SER-5929 dated September 7, 2011), please note below the corresponding all month/any one month accountability levels (NYMEX Rule 560), expiration month position limit (NYMEX Rule 559), reportable level (NYMEX Rule 561), and aggregation allocation for the new contract.  This contract will be added to the Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook.  The commodity code is provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format. 

       

      Contract related questions can be directed to Chris Reinhardt, Associate Director, Market Surveillance, at 212.299.2882, and Ryne Toscano, Supervisor, Market Surveillance, at 212.299.2879.

       

      NYMEX Rulebook Chapter 5 Position Limit Table

      (Bold/underlining indicates additions.)

                                                                                                                

      Contract Name

      Rule Chap-ter

      Com-modity Code

      All Month Account-ability Level

      Any One Month Account-ability Level

      Expira-tion Month Limit

      Report-ing Level

      Aggre-gate Into (1)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

      Petroleum

       

       

       

       

       

       

       

      USA

       

       

       

       

       

       

       

      Cushing, Oklahoma

       

       

       

       

       

       

       

       

      Daily Crude Oil Calendar Spread Option

      915

      DNM, DTM

      n/a

      n/a

      3,000

      n/a

      26