Notice to Members
Notice No. 153 03/27/2003
Large Trader Reporting Requirements, Accountability Levels and Expiration Month Limits for Waha and CIG Natural Gas Basis Swap Contracts
On, March 25, 2003, the Exchange began offering trading on the NYMEX ClearPort(sm) system in 2 new financially settled (Waha and CIG) natural gas basis swap contracts. The Daily Large Trader Report for contracts submitted on March 27, 2003, for close of business March 26, 2003 must include reportable positions for these contracts. For all of these products, the quantity fixed for filing reports pursuant to NYMEX Rule 9.33 (Position Reporting) is 25 contracts. If a person controls or holds a position equal to, or greater than 25 long or short in any one month, then all such contracts, 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 Exchange commodity codes and six-digit CFTC commodity codes for these additional products are as follows: Contract Name Commodity Code Six Digit Code Waha Basis Swap NW 36652 CIG Rockies CI 36653 Additionally, the accountability levels, pursuant to NYMEX Rule 9.26 (All Month/Any One Month Position Accountability), and expiration position limits, pursuant to NYMEX Rule 9.27 (Expiration and Current Delivery Month Position Limits or Position Accountability), for the above financially settled natural gas basis swap contracts are as follows: Any One Month/All Months Net Futures or Futures-Equivalent Position Accountability Levels =10,000 contracts Expiration and Current Delivery Month Position Limits = 2,000 contracts
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com