Notice to Members
Notice No. 217 06/04/2004
Large Trader Reporting Requirements, Accountability Levels and Expiration and CUrrent Delivery Month Limits for the Four New Dow Jones Western Electricity Futures Contracts
On June 3, 2004 the Exchange began offering trading on its NYMEX ClearPort(sm) system trading in four western electricity futures contracts based on Dow Jones Electricity Indexes. The Daily Large Trader Report for contracts, submitted on June 7, 2004 for close of business June 4, 2004, 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 in any of these electricity contracts, then all the 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 for these additional products are as follows: Contract Name Commodity Code DOW JONES Mid-Columbia Electricity Price Index Swap DO DOW JONES NP15 Electricity Price Index Swap DN DOW JONES Palo Verde Electricity Price Index Swap DP DOW JONES SP15 Electricity Price Index Swap DV 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 contracts are as follows: Any One Month/All Months Net Futures or Futures-Equivalent Position Accountability Levels = 5,000 contracts Expiration and Current Delivery Month Position Limits = 500 contracts
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com