Notice to Members
Notice No. 209
05/18/2005
Four New Freight Futures Contracts — Large Trader Reporting Requirements, Expiration Position Limits, and All Month/Any One Month Position Accountability Levels
The New York Mercantile Exchange, Inc. will launch four new Freight Futures Contracts effective for trade date May 23, 2005.

For 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 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
Freight Route TC2 Swap
TM
Freight Route TD3 Swap
TL
Freight Route TD5 Swap
TI
Freight Route TD7 Swap
TK


The accountability levels, pursuant to NYMEX Rule 9.26 (All Month/Any One Month Position Accountability) for the contracts are as follows:

Contract Name
All Month/Any One Month Net Futures or Futures- Equivalent Position Accountability Levels
Freight Route TC2 Swap
5,000
Freight Route TD3 Swap
10,000
Freight Route TD5 Swap
10,000
Freight Route TD7 Swap
10,000


Additionally, the expiration position limits, pursuant to NYMEX Rule 9.27, for the contracts are as follows:

Contract Name
Expiration Position Limit
Freight Route TC2 Swap
500
Freight Route TD3 Swap
2,500
Freight Route TD5 Swap
2,500
Freight Route TD7 Swap
1,000
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com