Notice to Members
Notice No. 35
01/18/2007
NYMEX 3-2-1 PLUS Energy Index Contract - Large Trader Reporting Requirements, Expiration Accountability Limits, and All Month/Any One Month Position Accountability Levels
The New York Mercantile Exchange, Inc. is launching the NYMEX 3-2-1 PLUS Energy Index Contract on trade date Monday, January 22, 2007. Please note below the corresponding amendments to NYMEX Rules 9.26, All Month/Any One Month Position Accountability, 9.27A, Penultimate Expiration Position Accountability Levels, and 9.34, Reporting Levels.

For the Clearing Members that file reports pursuant to NYMEX Rule 9.33 in a machine-readable format, the Exchange commodity code for this additional product is “WX.

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Chapter 9 – Appendix A

Contract Name
Rule Chapter
Commodity
Code
All/ Any One Month
Accountability Level
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 9.26A
Rule 9.27
Rule 9.27A
Rule 9.27A
Rule 9.34
 
 
iPort™ Index Contracts                    
NYMEX 3-2-1 PLUS Energy Index Contract   WX 20,000     2,000   25 WX  


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

Rule 9.27A, Expiration Position Accountability Levels

(A) Any person who owns or controls positions in excess of the levels cited in Chapter 9, Appendix (A) below, under heading 9.27A Expiration Position Accountability Levels, shall be subject to the following provisions pursuant to position accountability levels:

(1) promptly supply to the Exchange such information as the Exchange may request pertaining to the nature and size of the position, the trading strategy employed with respect to the position, and the hedging requirements (if any), provided, however, that if the principal or controller fails to supply such information as and when requested, the President or his designee may order the reduction of such position;

(2) agrees, upon request by the President or his designee, not to increase the position owned or controlled as of the time the request was received;

(3) agrees to comply with any limit prescribed by the President or his designee, and to decrease any open position if directed upon review of the information cited in item 1 above.

(4) The Expiration Position Accountability Levels for designated energy contracts are effective on the open of trading of the last three (3) trading days of the related physically delivered futures contracts. The expiration position limits shall be calculated on a net futures-equivalent basis and will aggregate appropriate contracts as identified in Chapter 9, Appendix A.

(5) The Expiration Accountability Levels for designated metals contracts are effective on the open of trading on the last three (3) trading days of such contracts.

(6) The Expiration Accountability Level for the NYMEX 321 PLUS Energy Index Contract shall be effective on the last three (3) trading days of the expiring Index Contract.

(6) (7)Trading in the underlying physically delivered contract that is the basis for the settlement prices for all contracts subject to this rule shall additionally be subject to NYMEX Interpretive Notices 01-06 and 01-07.

Should you have any questions or require any further information, please contact exchangeinfo@nymex.com