Notice to Members
Notice No. 399
09/09/2005
Three New Natural Gas Basis Swap 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 three new Natural Gas Basis Swap Futures Contracts commencing Monday, September 12, 2005. .

For these products, the quantity fixed for filing reports pursuant to NYMEX Rule 9.33 (Position Reporting) is 25 contracts. If a customer 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
Sonat Basis (Platts IFERC) Futures Contract
SZ
Transco Zone 4 Basis (Platts IFERC) Futures Contract
TR
FGT Zone 3 Basis (Platts IFERC) Futures Contract
FP


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 of Futures-
      Equivalent Position Accountability Levels
10,000
Expiration Position Limits
500
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com