• Amendments to the Position Limit, Position Accountability and Reportable Level Table in Chapter 5 of the NYMEX Rulebook for Sixteen (16) Electricity Calendar-Day Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5939
      • Notice Date
      • 29 September 2011
      • Effective Date
      • 29 September 2011
    • The New York Mercantile Exchange, Inc. (“NYMEX”) is amending the NYMEX Chapter 5, Position Limit, Position Accountability and Reportable Level Table for sixteen (16) electricity calendar-day swap futures contracts.  The amendments are intended to align the all month/any one month accountability levels and expiration month position limits (NYMEX Rules 560 and 559, respectively) of sixteen ERCOT calendar-day peak and off-peak swap futures contracts with those of related existing ERCOT calendar-month contracts into which these calendar-day contracts aggregate.  These changes will be made effective on trade date September 29, 2011. 

       

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

       

       

      NYMEX Chapter 5 Position Limit Table

       (Bold/underlining indicates additions; strikethrough indicates deletions.)

       

      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

      Electricity

       

       

       

       

       

       

       

      ERCOT

       

       

       

       

       

       

       

      ERCOT Reliability Council of Texas (ERCOT) Platts Megawatt Daily

       

       

       

       

       

       

       

       

      ERCOT Houston 345 kV Hub 50 MW Peak Calendar-Day Swap Futures

      188

      2S

      75 2,000

      50 1,500

      10 250

      5

      2N

       


       

       

      ERCOT Houston 345 kV Hub 5 MW Peak Calendar-Day Swap Futures

      278

      I3

      75 2,000

      50 1,500

      10 250

      5

      2N

       

      ERCOT Houston 345 kV Hub 50 MW Off-Peak Calendar-Day Swap Futures

      189

      3E

      1,500 30,000

      1,000 20,000

      200 4,000

      25

      2W

       

      ERCOT Houston 345 kV Hub 5 MW Off-Peak Calendar-Day Swap Futures

      279

      I4

      1,500 30,000

      1,000 20,000

      200 4,000

      25

      2W

       

      ERCOT North 345 kV Hub 50 MW Peak Calendar-Day Swap Futures

      196

      2T

      100 2,000

      75 1,500

      15 300

      1

      2P

       

      ERCOT North 345 kV Hub 5 MW Peak Calendar-Day Swap Futures

      282

      I7

      100 2,000

      75 1,500

      15 300

      1

      2P

       

      ERCOT North 345 kV Hub 50 MW Off-Peak Calendar-Day Swap Futures

      197

      3F

      2,000 35,000

      1,500 25,000

      250 5,000

      5

      2X

       

      ERCOT North 345 kV Hub 5 MW Off-Peak Calendar-Day Swap Futures

      283

      I8

      2,000 35,000

      1,500 25,000

      250 5,000

      5

      2X

       

      ERCOT South 345 kV Hub 50 MW Peak Calendar-Day Swap Futures

      201

      2U

      35 750

      25 750

      5 100

      1

      2Q

       

      ERCOT South 345 kV Hub 5 MW Peak Calendar-Day Swap Futures

      286

      K1

      35 750

      25 750

      5 100

      1

      2Q

       

      ERCOT South 345 kV Hub 50 MW Off-Peak Calendar-Day Swap Futures

      202

      3H

      500 10,000

      400 7,500

      75 1,500

      5

      2Y

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      ERCOT South 345 kV Hub 5 MW Off-Peak Calendar-Day Swap Futures

      287

      M1

      500 10,000

      400 7,500

      75 1,500

      5

      2Y

       

      ERCOT West 345 kV Hub 50 MW Peak Calendar-Day Swap Futures

      205

      2V

      35 900

      25 600

      5 125

      1

      2R

       

      ERCOT West 345 kV Hub 5 MW Peak Calendar-Day Swap Futures

      290

      R1

      35 900

      25 600

      5 125

      1

      2R

       

      ERCOT West 345 kV Hub 50 MW Off-Peak Calendar-Day Swap Futures

      208

      3J

      750 15,000

      500 10,000

      100 2,000

      25

      3D

       

      ERCOT West 345 kV Hub 5 MW Off-Peak Calendar-Day Swap Futures

      291

      R4

      750 15,000

      500 10,000

      100 2,000

      25

      3D