Notice to Members
Notice No. 583 12/20/2005
Amendments to NYMEX Rules 9.26, 9.27, and 9.34 for the NYMEX Brent Crude Oil and Northwest Europe Gasoil Contracts
The attached amendments to NYMEX Division Rules 9.26 and 9.27 remove the NYMEX Brent Crude Oil and Northwest Europe Gasoil contracts from the NYMEX position limits and accountability levels. The amendments correspond with similar action taken by NYMEX Europe Limited (“NEL”). These contracts migrated from NYMEX to NEL, where they began trading in September 2005. Reporting levels for these contracts remain in effect at NYMEX, although NYMEX Division Rule 9.34 has been modified to correct the contract designation for the Brent Crude Oil contract as a matter of housekeeping. These amendments will be effective Tuesday, December 20, 2005. * * * * (Bold and italics indicate additions; strikethroughs indicate deletions.) I. Futures Contracts Listed for Open Outcry Trading Net Futures or Futures- Equivalent Position Accountability Levels Light Sweet Crude Oil (also includes WTI Calendar Swap, NYMEX WTI-Brent Spread Calendar Swap, Crude Oil Average Price Options and Crude Oil Look-Alike Options) 20,000 contracts NYMEX Brent Crude Oil (also includes NYMEX WTI-Brent Spread Calendar Swap and NYMEX Brent Calendar Swap) 20,000 contracts New York Harbor Unleaded Gasoline (also includes Unleaded Gasoline Average Price Options and Unleaded Gasoline Look-Alike Options) 7,000 contracts New York Harbor Gasoline Blendstock (RBOB) 7,000 contracts New York Heating Oil (also includes NY Harbor Calendar Swap, Heating Oil Average Price Options and Heating Oil Look-Alike Options) 7,000 contracts Northwest Europe Gasoil 7,000 contracts Natural Gas (also includes Henry Hub Swap, Henry Hub Natural Gas Penultimate Swap and Natural Gas Look-Alike Options) 12,000 contracts (Remainder of Sections I through IV. Cash-Settled Natural Gas Products are unchanged.) Option Contract Gross Option Quadrant Position Accountability Levels   Crude Oil Light Sweet 40,000 contracts NYMEX Brent Crude Oil 40,000 contracts N.Y. Heating Oil 20,000 contracts N.Y. Harbor Unleaded Gasoline 20,000 contracts (Remainder of Rule 9.26 is unchanged.) NYMEX Rule 9.27, Expiration and Current Delivery Month Position Limits or Position Accountability Paragraphs (A) and (B) remain unchanged. I. Futures Contracts Listed for Open Outcry Trading Net Futures or Futures-Equivalent Expiration Position Limits Light, Sweet Crude Oil (also includes WTI Calendar Swap, NYMEX WTI-Brent Spread Calendar Swap, Crude Oil Average Price Options, and WTI Crude Oil Look-Alike Options) 2,000 contracts New York Harbor Unleaded Gasoline (also includes NY Harbor Calendar Swap, Unleaded Gasoline Average Price Options, and New York Harbor Unleaded Gasoline Look-Alike Options) 1,000 contracts New York Harbor Gasoline Blendstock (RBOB) 1,000 contracts New York Heating Oil (also includes NY Harbor Calendar Swap, Heating Oil Average Price Options, and New York Harbor Heating Oil Look-Alike Options) 1,000 contracts Northwest Europe Gasoil 1,000 contracts Natural Gas (also includes Henry Hub Swap, Henry Hub Natural Gas Penultimate Swap and Natural Gas Look-Alike Option Contracts) 1,000 contracts (Remainder of Rule 9.27 is unchanged.) NYMEX Rule, 9.34 Reporting Levels (A) The quantities fixed for the purposes of filing a report under Rule 9.33 are: Commodity   Crude Oil Light Sweet 350 contracts NYMEX Brent Crude Oil 350 contracts PJM Calendar-Month-LMP Swap (PJM Interconnection, LLC) 1 contract PJM Calendar-Week-LMP Swap (PJM Interconnection, LLC) 1 contract (Remainder of Rule 9.34 is unchanged.)
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com