Notice to Members
Notice No. 132 5/13/2002
Large Trader Reporting Requirements, Accountability Levels And Expiration Month Limits For the OTC Clearing Products
This is a reminder that the OTC Clearing products will begin trading on May 31, 2002. The Daily Large Trader Report for the OTC clearing contracts submitted on June 3, 2002, for the close of business on May 31, 2002 must include reportable positions for these contracts. The quantity fixed for filing reports pursuant to NYMEX Rule 9.33 (Position Reporting) is 25 contracts for all OTC clearing products. If a person controls or holds a position equal to, or greater than 25 long or short in any one month, than all such futures, whether above the reportable level or not, shall be deemed reportable positions. For the Clearing Members that file reports pursuant to NYMEX Rule 9.33 in a machine-readable format, the six-digit CFTC commodity codes for the OTC Clearing products are as follows: Physical Delivery Contracts Six Digit Codes Louisiana Light Sweet Crude Oil 034651 West Texas Sour Crude Oil 034655 West Texas Intermediate Midland Crude Oil 034654 Mars Blend Crude Oil 034652 Mid-Columbia Electricity (Existing Product, Now Trading OTC) 064656 Palo Verde Electricity (Existing Product, Now Trading OTC) 064652 PJM Electricity (Existing Product, Now Trading OTC) 064655 Cash-Settled Contracts   WTI Calenar Swap 034653 Dubai Crude Oil Calendar Swap 034650 U.S. Gulf Coast Unl 87 Crack Spread Calendar 034658 U.S. Gulf Coast No. 2 Crack Spread Calendar 034657 Unl 87 Up-Down Spread Calendar Swap 034651 Cash-Settled Contracts (continued) Six Digit Codes No. 2 Up-Down Spread Calendar Swap 036550 Henry Hub Swap (Existing Product, Now Trading OTC) 023654 AECO/NIT Basis Swap 035650 Chicago Basis Swap 035651 Henry Hub Basis Swap 035652 Houston Ship Channel Basis Swap 035653 San Juan Basis Swap 035656 SoCal Basis Swap 035657 Transco Zone 6 Basis Swap 035658 Northwest Rockies Basis 035654 Panhandle Basis 035655 New York Harbor Unleaded Crack Calendar Swap 034656 New York Harbor No. 2 Crack Calendar Swap 034659 Additionally, the accountability levels for the OTC Clearing products, pursuant to NYMEX Rule 9.26 (All Month/Any One Month Position Accountability) are as follows: Physical Delivery Contracts Net Futures or Futures Equivalent Position-Accountability Levels Louisiana Light Sweet Crude Oil 10,000 contracts West Texas Sour Crude Oil 10,000 contracts West Texas Intermediate Midland Crude Oil 10,000 contracts Mars Blend Crude Oil 10,000 contracts Mid-Columbia Electricity 10,000 contracts Palo Verde Electricity 5,000 contracts PJM Electricity 5,000 contracts Cash-Settled Contracts   WTI Calendar Swap 20,000 contracts Dubai Crude Oil Calendar Swap 10,000 contracts U.S. Gulf Coast Unl 87 Crack Spread Calendar 10,000 contracts U.S. Gulf Coast no. 2 Crack Spread Calendar 10,000 contracts Unl 87 Up-Down Spread Calendar Swap 10,000 contracts No. 2 Up-Down Spread Calendar Swap 10,000 contracts Henry Hub Swap 12,000 contracts AECO/NIT Basis Swap 10,000 contracts Chicago Basis Swap 10,000 contracts Henry Hub Basis Swap 10,000 contracts Cash-Settled Contracts (continued)   Houston Ship Channel Basis Swap 10,000 contracts San Juan Basis Swap 10,000 contracts SoCal Basis Swap 10,000 contracts Transco Zone 6 Basis Swap 10,000 contracts Northwest Rockies Basis 10,000 contracts Panhandle Basis 10,000 contracts New York Harbor Unleaded Crack Calendar Swap 10,000 contracts New York Harbor No. 2 Crack Calendar Swap 10,000 contracts The expiration position limits and accountability levels for the OTC Clearing products, pursuant to NYMEX Rule 9.27 (Expiration and Current Delivery Month Position Limits or Position Accountability) are as follows: Physical Delivery Contracts Expiration Position Limits Louisiana Light Sweet Crude Oil 1,000 Contracts West Texas Sour Crude Oil 1,000 Contracts West Texas Intermediate Midland Crude Oil 1,000 Contracts Mars Blend Crude Oil 1,000 Contracts Mid-Columbia Electricity (Existing Product, Now Trading OTC) 1,000 Contracts Palo Verde Electricity (Existing Product, Now Trading OTC) 1,000 Contracts PJM Electricity (Existing Product, Now Trading OTC) 1,000 Contracts Cash-Settled Contracts Expiration Position - Accountability Levels WTI Calendar Swap 2,000 contracts Dubai Crude Oil Calendar Swap 2,000 contracts U.S. Gulf Coast Unl 87 Crack Spread Calendar 2,000 contracts U.S. Gulf Coast No. 2 Crack Spread Calendar 2,000 contracts Unl 87 Up-Down Spread Calendar Swap 2,000 contracts No. 2 Up-Down Spread Calendar Swap 2,000 contracts Henry Hub Swap 2,000 contracts AECO/NIT Basis Swap 2,000 contracts Chicago Basis Swap 2,000 contracts Houston Ship Channel Basis Swap 2,000 contracts San Juan Basis Swap 2,000 contracts SoCal Basis Swap 2,000 contracts Transco Zone 6 Basis Swap 2,000 contracts Northwest Rockies Swap 2,000 contracts Cash-Settled Contracts (continued)   Panhandle Basis 2,000 contracts New York Harbor Unleaded Crack Calendar Swap 2,000 contracts New York Harbor No. 2 Crack Calendar Swap 2,000 contracts
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com