| Notice to Members | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notice No. 673 12/21/2006 |
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| Amendments to Chapter 9-Appendix A; Rule 11.63; Rule 9.27A; Rule 9.32; Rule 9.28; Rule 9.29; and New NYMEX Rule 9.26A | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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This Notice shall serve to correct and replace prior Notice 671
In connection with the launch of Soft Commodity Futures contracts, NYMEX is amending certain rules and establishing others. Effective for trade date December 22, 2006, these amendments include the following: 1) reportable levels, position limits, and any one month/all month accountability levels for six new futures contracts (Chapter 9-Appendix A); 2) applicable timing of the expiration position limits for the six new futures contracts (Rule 9.27); 3) deletion of all references to NYMEX ACCESS (as that electronic trading system that is no longer in use), and addition of appropriate "no bust ranges" and associated information for the six new futures contracts (Rule 11.63); 4) defining any one month and all month position limits for applicable Soft Commodities (new Rule 9.26A); 5) incorporation of exemptions to position limits rules for bona fide hedging transactions as well as exposure from commodity swap transactions (Rules 9.28 and 9.29); 6) incorporation of soft commodity exemptions to position limits related to potential action by the Exchange (Rule 9.32). The Rule amendments are available here for your review. ***** (Deletions are in bold/
** Limit applied on a GROSS Long or Short basis |
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| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||