The New York Mercantile Exchange, Inc. will launch twenty-five new European Energy Futures Contracts commencing Tuesday, February 21, 2006.
| Contract Name |
Commodity Code |
| Crude Oil Swaps (11 Products) |
|
| WTI Bullet Swap Contract |
WS |
| Brent Bullet Swap Contract |
BB |
| Dated to Frontline Brent Swap |
FY |
| Brent (ICE) Calendar Swap Contract |
CY |
| WTI-Brent (ICE) Bullet Swap Contract |
BY |
| WTI-Brent (ICE) Calendar Swap |
BK |
| Brent-Dubai Swap Contract |
DB |
| European Gasoil Crack Spread Swap |
GZ |
| European Argus Gasoline Crack Spread Swap Contract |
RG |
| European Platts Gasoline MED Crack Spread Swap |
EP |
| European Naphtha Crack Spread Swap |
EN |
| |
|
| Gasoil Related Swaps (12 Products) |
|
| European Gasoil 0.2 Rdam Barges vs. Gasoil Futures Swap |
EI |
| European Gasoil 0.2 CIF NWE vs. Gasoil Futures Swap |
EC |
| European Gasoil 0.2 CIF MED vs. Gasoil Futures Swap Contract |
EX |
| European Gasoil 0.2 FOB MED vs. Gasoil Futures Swap Contract |
EF |
| European Gasoil 10 PPM Rdam Barges vs. Gasoil Futures Swap Contract |
ET |
| European ULSD 50 PPM CIF NWE vs. Gasoil Futures Swap |
EY |
| European ULSD 50 PPM CIF MED vs. Gasoil Futures Swap Contract |
EE |
| European ULSD 50 PPM FOB MED vs. Gasoil Futures Swap Contract |
EO |
| Jet CIF NWE vs. Gasoil Futures Swap Contract |
JC |
| Jet Rdam Barges vs. Gasoil Futures Swap Contract |
JR |
| Singapore Gasoil vs. Rdam Gasoil Swap Contract |
GA |
| Heating Oil Arb Swap: NYMEX Heating Oil v. Rdam Gasoil |
HA |
| |
|
| Residual Fuel Oil Crack Swaps (2 Products) |
|
| 3.5% Fuel Oil Rdam Crack Spread Swap |
FO |
| 1% Fuel Oil NWE Crack Spread Swap Contract |
FI |
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 or Futures- Equivalent Position Accountability Levels
| Crude Oil Swaps (11 Products) |
Accountability Level |
| WTI Bullet Swap Contract |
* |
| Brent Bullet Swap Contract |
= 20,000 Contracts |
| Dated to Frontline Brent Swap |
* |
| Brent (ICE) Calendar Swap Contract |
* |
| WTI-Brent (ICE) Bullet Swap Contract |
* |
| WTI-Brent (ICE) Calendar Swap |
* |
| Brent-Dubai Swap Contract |
* |
| European Gasoil Crack Spread Swap |
= 7,000 Contracts * |
| European Argus Gasoline Crack Spread Swap Contract |
= 7,000 Contracts * |
| European Platts Gasoline MED Crack Spread Swap |
* |
| European Naphtha Crack Spread Swap |
* |
*The following Crude Oil related swap contracts are aggregated for purposes of Position Accountability:
The WTI legs of the WTI Bullet Swap Contract (WS), WTI-Brent (ICE) Bullet Swap Contract (BY) and WTI-Brent (ICE) Calendar Swap (BK) will be aggregated with the Light “Sweet” Crude Oil Futures Contract (CL) = 20,000 Contracts
The ICE Brent Crude legs of the Dated to Frontline Brent Swap (FY), WTI-Brent (ICE) Bullet Swap Contract (BY), WTI-Brent (ICE) Calendar Swap (BK), Brent (ICE) Calendar Swap Contract (CY), Brent- Dubai Swap Contract (DB), European Gasoil Crack Spread Swap (GZ), European Argus Gasoline Crack Spread Swap Contract (RG), European Platts Gasoline MED Crack Spread Swap (EP), European Naphtha Crack Spread Swap (EN), 3.5% Fuel Oil Rdam Crack Spread (FO) and the 1% Fuel Oil NWE Crack Spread Swap Contract (FI) will be aggregated with the Brent Bullet Swap Contract (BB) = 20,000 Contracts
The Dated Brent leg of the Dated to Frontline Brent Swap (FY) will be aggregated with the Dated Brent Calendar Swap Futures Contract (UB) = 5,000 Contracts
The Dubai leg of the Brent-Dubai Swap Contract (DB) will be aggregated with the NYMEX Dubai Calendar Swap (Platts) Contract (DC) = 10,000 Contracts
The European Platts Gasoline leg of the European Platts Gasoline MED Crack Spread Swap (EP) will be aggregated with the European MED Gasoline (Platts) Swap Contract Swap (EU). = 1,500
The European Naphtha leg of the European Naphtha Crack Spread Swap (EN) will be aggregated with the European Naphtha Calendar Swap Contract (UN). = 1,500 Contracts
| Gasoil Related Swaps (12 Products) |
Accountability Level |
| European Gasoil 0.2 Rdam Barges vs. Gasoil Futures Swap |
* |
| European Gasoil 0.2 CIF NWE vs. Gasoil Futures Swap |
* |
| European Gasoil 0.2 CIF MED vs. Gasoil Futures Swap Contract |
= 5,000 Contracts |
| European Gasoil 0.2 FOB MED vs. Gasoil Futures Swap Contract |
* |
| European Gasoil 10 PPM Rdam Barges vs. Gasoil Futures Swap Contract |
= 5,000 Contracts |
| European ULSD 50 PPM CIF NWE vs. Gasoil Futures Swap |
= 5,000 Contracts |
| European ULSD 50 PPM CIF MED vs. Gasoil Futures Swap Contract |
= 5,000 Contracts |
| European ULSD 50 PPM FOB MED vs. Gasoil Futures Swap Contract |
= 5,000 Contracts |
| Jet CIF NWE vs. Gasoil Futures Swap Contract |
* |
| Jet Rdam Barges vs. Gasoil Futures Swap Contract |
* |
| Singapore Gasoil vs. Rdam Gasoil Swap Contract |
* |
| Heating Oil Arb Swap: NYMEX Heating Oil v. Rdam Gasoil |
* |
| *The following Gasoil related Swap contracts are aggregated for purposes of Position Accountability levels: |
| |
| The European Gasoil 0.2 Rdam Barges leg of the European Gasoil 0.2 Rdam Barges vs. Gasoil Futures Swap (EI) will be aggregated with the European Gasoil 0.2 Rotterdam Calendar Swap Contract (UG) |
| |
| The European Gasoil 0.2 CIF NWE Cargoes leg of the European Gasoil 0.2 CIF NWE vs. Gasoil Futures Swap (EC) will be aggregated with the European Gasoil 0.2 NWE (Northwest Europe) Calendar Swap Contract (UE) = 1,500 Contracts |
| |
| The European Gasoil 0.2 FOB MED leg of the European Gasoil 0.2 FOB MED vs. Gasoil Futures Swap Contract (EF) will be aggregated with the European Gasoil 0.2 MED (Mediterranean) Calendar Swap Contract (UQ) = 1,500 Contracts |
| |
| The Jet CIF NWE leg of the Jet CIF NWE vs. Gasoil Futures Swap Contract (JC) will be aggregated with the European Jet Kerosene NWE (Northwest Europe) Calendar Swap Contract (UJ) =1,500 Contracts |
| |
| The Jet Rdam Barges leg of the Jet Rdam Barges vs. Gasoil Futures Swap Contract (JR) will be aggregated with the European Jet Kerosene Rotterdam Calendar Swap Contract (UR) = 1,500 Contracts |
| |
| The Singapore leg of the Singapore Gasoil vs. Rdam Gasoil Swap Contract (GA) will be aggregated with the Singapore Gasoil Swap Contract (SG) = 1,500 Contracts |
| |
| The Heating Oil leg of the Heating Oil Arb Swap: NYMEX Heating Oil v. Rdam Gasoil (HA) will be aggregated with the N.Y. Harbor No. 2 Heating Oil (HO) = 7,000 Contracts |
| Residual Fuel Oil Crack Swaps (2 Products) |
Accountability Level |
| 3.5% Fuel Oil Rdam Crack Spread Swap |
* |
| 1% Fuel Oil NWE Crack Spread Swap Contract |
* |
| *The following Residual Fuel Oil related swap contracts are aggregated for purposes of Position Accountability levels: |
| |
| The 3.5% NWE Fuel Oil leg of the 3.5% Fuel Oil Rdam Crack Spread Swap (FO) will be aggregated with the European 3.5% Fuel Oil Rotterdam Calendar Swap Contract (UV) = 1,500 Contracts |
| |
| The 1% Fuel Oil NWE leg of the 1% Fuel Oil NWE Crack Spread Swap Contract (FI) will be aggregated with the European 1% Fuel Oil NWE (Northwest Europe) Calendar Swap Contract (UF) = 1,500 Contracts |
| **Expiration Position Limits |
|
| Crude Oil Swaps (11 Products) |
Expiration Limit |
| WTI Bullet Swap Contract |
** |
| Brent Bullet Swap Contract |
= 2,000 Contracts |
| Dated to Frontline Brent Swap |
** |
| Brent (ICE) Calendar Swap Contract |
** |
| WTI-Brent (ICE) Bullet Swap Contract |
** |
| WTI-Brent (ICE) Calendar Swap |
** |
| Brent-Dubai Swap Contract |
** |
| European Gasoil Crack Spread Swap |
= 1,000 Contracts** |
| European Argus Gasoline Crack Spread Swap Contract |
= 1,000 Contracts** |
| European Platts Gasoline MED Crack Spread Swap |
** |
| European Naphtha Crack Spread Swap |
** |
| ** The following Crude Oil related swap contracts are aggregated for purposes of Expiration Position limits: |
| |
| The WTI legs of the WTI Bullet Swap Contract (WS), WTI-Brent (ICE) Bullet Swap Contract (BY) and WTI-Brent (ICE) Calendar Swap (BK) will be aggregated with the Light “Sweet” Crude Oil Futures Contract (CL) = 2,000 Contracts |
| |
| The ICE Brent Crude legs of the Dated to Frontline Brent Swap (FY), WTI-Brent (ICE) Bullet Swap Contract (BY), WTI-Brent (ICE) Calendar Swap (BK), Brent (ICE) Calendar Swap Contract (CY), Brent- Dubai Swap Contract (DB), European Gasoil Crack Spread Swap (GZ), European Argus Gasoline Crack Spread Swap Contract (RG), European Platts Gasoline MED Crack Spread Swap (EP), European Naphtha Crack Spread Swap (EN), 3.5% Fuel Oil Rdam Crack Spread (FO) and the 1% Fuel Oil NWE Crack Spread Swap Contract (FI) will be aggregated with the Brent Bullet Swap Contract (BB) = 2,000 Contracts |
| |
| The Dated Brent leg of the Dated to Frontline Brent Swap (FY) will be aggregated with the Dated Brent Calendar Swap Futures Contract (UB) = 2,000 Contracts |
| |
| The Dubai leg of the Brent-Dubai Swap Contract (DB) will be aggregated with the NYMEX Dubai Calendar Swap (Platts) Contract (DC) = 250 Contracts |
| |
| The European Platts Gasoline leg of the European Platts Gasoline MED Crack Spread Swap (EP) will be aggregated with the European MED Gasoline (Platts) Swap Contract (EU) = 500 Contracts |
| |
| The European Naphtha leg of the European Naphtha Crack Spread Swap (EN) will be aggregated with the European Naphtha Calendar Swap Contract (UN) = 150 Contracts |
| Gasoil Related Swaps (12 Products) |
Expiration Limit |
| European Gasoil 0.2 Rdam Barges vs. Gasoil Futures Swap |
** |
| European Gasoil 0.2 CIF NWE vs. Gasoil Futures Swap |
** |
| European Gasoil 0.2 CIF MED vs. Gasoil Futures Swap Contract |
= 500 Contracts |
| European Gasoil 0.2 FOB MED vs. Gasoil Futures Swap Contract |
** |
| European Gasoil 10 PPM Rdam Barges vs. Gasoil Futures Swap Contract |
= 500 Contracts |
| European ULSD 50 PPM CIF NWE vs. Gasoil Futures Swap |
= 500 Contracts |
| European ULSD 50 PPM CIF MED vs. Gasoil Futures Swap Contract |
= 500 Contracts |
| European ULSD 50 PPM FOB MED vs. Gasoil Futures Swap Contract |
= 500 Contracts |
| Jet CIF NWE vs. Gasoil Futures Swap Contract |
** |
| Jet Rdam Barges vs. Gasoil Futures Swap Contract |
** |
| Singapore Gasoil vs. Rdam Gasoil Swap Contract |
** |
| Heating Oil Arb Swap: NYMEX Heating Oil v. Rdam Gasoil |
** |
| ** The following Gasoil related swap contract legs are aggregated for purposes of Expiration Position limits: |
| |
| The European Gasoil 0.2 Rdam Barges leg of the European Gasoil 0.2 Rdam Barges vs. Gasoil Futures Swap (EI) will be aggregated with the European Gasoil 0.2 Rotterdam Calendar Swap Contract (UG) = 150 Contracts |
| |
| The European Gasoil 0.2 CIF NWE Cargoes leg of the European Gasoil 0.2 CIF NWE vs. Gasoil Futures Swap (EC) will be aggregated with the European Gasoil 0.2 NWE (Northwest Europe) Calendar Swap Contract (UE) = 150 Contracts |
| |
| The European Gasoil 0.2 FOB MED leg of the European Gasoil 0.2 FOB MED vs. Gasoil Futures Swap Contract (EF) will be aggregated with the European Gasoil 0.2 MED (Mediterranean) Calendar Swap Contract (UQ) = 150 Contracts |
| |
| The Jet CIF NWE leg of the Jet CIF NWE vs. Gasoil Futures Swap Contract (JC) will be aggregated with the European Jet Kerosene NWE (Northwest Europe) Calendar Swap Contract (UJ) = 150 Contracts |
| |
| The Jet Rdam Barges leg of the Jet Rdam Barges vs. Gasoil Futures Swap Contract (JR) will be aggregated with the European Jet Kerosene Rotterdam Calendar Swap Contract (UR) = 150 Contracts |
| |
| The Singapore leg of the Singapore Gasoil vs. Rdam Gasoil Swap Contract (GA) will be aggregated with the Singapore Gasoil Swap Contract (SG) = 500 Contracts |
| |
| The Heating Oil leg of the Heating Oil Arb Swap: NYMEX Heating Oil v. Rdam Gasoil (HA) will be aggregated with the N.Y. Harbor No. 2 Heating Oil (HO) = 1,000 Contracts |
| Residual Fuel Oil Crack Swaps (2 Products) |
Expiration Limit |
| 3.5% Fuel Oil Rdam Crack Spread Swap |
** |
| 1% Fuel Oil NWE Crack Spread Swap Contract |
** |
** The following Residual Fuel Oil related swap contract legs are aggregated for purposes of Expiration Position limits:
The 3.5% NWE Fuel Oil leg of the 3.5% Fuel Oil Rdam Crack Spread Swap will be aggregated with the European 3.5% Fuel Oil Rotterdam Calendar Swap Contract
(UV) = 150 Contracts
The 1% Fuel Oil NWE leg of the 1% Fuel Oil NWE Crack Spread Swap Contract (FI) will be aggregated with the European 1% Fuel Oil NWE (Northwest Europe) Calendar Swap Contract
(UF = 150 Contracts
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 listed above.
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