• Large Trader Requirement and Expiration Accountability Level for the New Cleared OTC London Gold Forwards (cash margin) Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6183
      • Notice Date
      • 30 March 2012
      • Effective Date
      • 02 April 2012
    • In connection with the launch of the new Cleared OTC London Gold Forwards (cash margin) contract on trade date April 2, 2012 (see SER-6176 dated March 28, 2012), please note below the corresponding expiration accountability level – penultimate and metals contracts (NYMEX Rule 560), 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
      Expirat-ion Month Limit
      Expiration Accountab-ility Level
      Repor-ting Level
      Aggre-gate Into (1)
      Rule 560
      Rule 560
      Rule 559
      Rule 559
      Rule 561
      Cleared OTC London Gold Forwards (cash margin)