Notice to Members
Notice No. 358
10/01/2004
Large Trader Reporting Requirements, Accountability Levels and Expiration Month Position Limits for the New Gulf Coast and European Calendar Swap Contracts
Commencing with the October 4, 2004, trade date, for the trading session which starts at 7:00 p.m. on October 3, 2004, the Exchange will begin offering trading on its NYMEX ClearPort(sm) system trading in three Gulf Coast and 13 European calendar swap contracts. The Daily Large Trader Report for contracts submitted on October 5, 2004, for close of business October 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.

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
Gulf Coast Gasoline Calendar Swap
GS
Gulf Coast Heating Oil Calendar Swap
GP
Gulf Coast Jet Fuel Calendar Swap
GE
 
European Naphtha Calendar Swap
UN
European Jet Kero NWE Calendar Swap (Northwest Europe)
UJ
European Jet Kero Rotterdam Calendar Swap
UR
European Gasoil 0.2 Rotterdam Calendar Swap
UG
European Gasoil 0.2 NWE Calendar Swap (Northwest Europe)
UE
European Gasoil 0.2 MED Calendar Swap (Mediterranean)
UQ
European ULSD (Diesel) Rotterdam Calendar Swap
UP
European ULSD NWE Calendar Swap (Northwest Europe)
UL
European 1% Fuel Oil Calendar Swap (Northwest Europe)
UF
European 1% Fuel Oil Rotterdam Calendar Swap
UH
European 3.5% Fuel Oil Rotterdam Calendar Swap
UV
European 3.5% Fuel Oil MED Calendar Swap (Mediterranean)
UI
European Singapore Fuel Oil 180cst Calendar Swap
UA

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:

Contract Name
Expiration Month Position Limit
Any/All Months Accountability Level
Gulf Coast Gasoline Calendar Swap
1,000
10,000
Gulf Coast Heating Oil Calendar Swap
1,000
10,000
Gulf Coast Jet Fuel Calendar Swap
1,000
10,000
 
European Naphtha Calendar Swap
150
1,500
European Jet Kero NWE Calendar Swap (Northwest Europe)
150
1,500
European Jet Kero Rotterdam Calendar Swap
150
1,500
European Gasoil 0.2 Rotterdam Calendar Swap
150
1,500
European Gasoil 0.2 NWE Calendar Swap (Northwest Europe)
150
1,500
European Gasoil 0.2 MED Calendar Swap (Mediterranean)
150
1,500
European ULSD (Diesel) Rotterdam Calendar Swap
150
1,500
European ULSD NWE Calendar Swap (Northwest Europe)
150
1,500
European 1% Fuel Oil Calendar Swap (Northwest Europe)
150
1,500
European 1% Fuel Oil Rotterdam Calendar Swap
150
1,500
European 3.5% Fuel Oil Rotterdam Calendar Swap
150
1,500
European 3.5% Fuel Oil MED Calendar Swap (Mediterranean)
150
1,500
European Singapore Fuel Oil 180cst Calendar Swap
150
1,500

Please contact Martin Jacobs at (212) 299-2829 if you have any technical questions. Any general questions can be forwarded to Nicholas Galati, Director of Market Surveillance at (212) 299-2920, Anthony Densieski, Director of Market Surveillance-Investigations at (212) 299-2881, or Bonnie Yurga, Manager of Market Surveillance at (212) 299-2879.

Should you have any questions or require any further information, please contact exchangeinfo@nymex.com