Notice to Members
Notice No. 278 08/30/2001
Accountability Levels for the Brent Crude Oil Futures and Options Contracts and Brent/WTI Spread Options Contract
This is a reminder that the Brent Crude Oil Futures and Options Contracts will begin trading on September 5 and September 6, 2001, respectively. The first delivery month (or futures termination) will be November 2001. Additionally, the Brent/WTI Spread Options Contract will begin trading on September 7, 2001. The Accountability Levels for the Brent Crude Oil Futures and Options Contracts, pursuant to NYMEX Rule 9.26, are as follows: Any One Month/All Months: 20,000 Net Futures or Futures-Equivalent Contracts Gross Option Quadrant: 40,000 Contracts The Accountability Level for the Brent/WTI Spread Options Contract, pursuant to NYMEX Rule 9.26, is as follows: Gross Option Quadrant: 40,000 Contracts The Expiration Month in the Brent Crude Oil Futures Contract will not have a Position Limit. Should you have any questions or require any further information, please contact exchangeinfo@nymex.com
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com