Notice to Members
Notice No. 671
12/20/2006
Amendment to Chapter 9 Appendix A, Rule 11.63 Electronic Trading Error Procedures and Rule 9.27A Expiration Accountability Levels - Extending Maximum Maturity Date for Letters of Credit

In connection with the launch of Soft Commodity Futures contracts, NYMEX is amending certain rules. Effective for trade date December 21, 2006, the amendments (seen here) include the following: 1) defining the reportable levels, Expiration Position Accountability Levels, Any one month/All month Accountability Levels for six new futures contracts (Chapter 9-Appendix A); 2) defining the applicable timing of the Expiration Position Accountability Levels for the six new futures contracts (Rule 9.27A); and 3) deleting all references to NYMEX ACCESS as that electronic trading system that is no longer in use, and adding appropriate "no bust ranges" and associated information for the six new futures contracts in Rule 11.63. The rule amendments are attached for your reviews.

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(Deletions are in bold/strikethrough; additions are in bold/underlined)

Contract Name
Rule Chapter
Commodity
Code
All/ Any One Month
Accountability Level
Expiration Month Limit

Expiration
Account-
ability Level
Penultimate
Contracts

Expiration
Account-
ability Level
Last Day
Contracts

Reporting Level
Aggregate
Into (1)
Aggregate
Into (2)
 
 
 
Rule 9.26
Rule 9.27
Rule 9.27A
Rule 9.27A
Rule 9.34
 
 
Soft Commodities                  
NYMEX Cocoa
930
CJ
6,000
 
 
750
25
CJ
 
NYMEX Coffee
931
KT
5,000
 
 
500
25
KT
 
NYMEX Cotton
932
TT
5,000
 
 
300
25
TT
 
NYMEX Orange Juice
933
FJ
3,200
 
 
300
25
FJ
 
NYMEX No. 11 Sugar
934
YO
9,000
 
 
5,000
25
YO
 
NYMEX No. 14 Sugar
935
FT
1,000
 
 
1,000
25
FT
 
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com