| Notice to Members | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Notice No. 227 05/03/2007 |
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| Uranium Futures Contract - Large Trader Reporting Requirements Expiration Position Limit, All Month/Any One Month Position Accountability Level | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| The New York Mercantile Exchange, Inc. is launching a Uranium Futures Contract
on trade date Monday, May 7, 2007. Please note below the corresponding accountability
level (Rule 9.26), position limit (Rule 9.27) and reportable level (Rule 9.34)
for the new contract. For the Clearing Members that file reports pursuant to NYMEX Rule 9.33 in a machine-readable format, the Exchange commodity codes are provided below:
Additions are ITALICIZED Rule 9.27, Expiration and Current Delivery Month Position Limits or Position Accountability (A) No person may own or control a net long position or a net short position in the expiration or current delivery month (as defined in this Rule 9.27 for energy, metals and soft contracts respectively) in excess of the levels set forth in Chapter 9, Appendix (A) below under 9.27 Expiration and Current Delivery Month Position Limits or Position Accountability. Note: Specific reference to contract aggregation requirements prescribed in Chapter 9, Appendix (A). (B) The expiration position limits for energy contracts set forth below are effective on the open of trading of the last three trading days of the futures contract. The expiration position limits shall be calculated on a net futures-equivalent basis. For purposes of this rule, NYMEX Light Sweet Crude Oil miNY Futures Contract shall be deemed equivalent to .50 of a Light "Sweet" Crude Oil future, a NYMEX Natural Gas miNY Futures Contract shall be deemed equivalent to .25 of a Natural Gas future, a NYMEX miNY Unleaded Gasoline Futures Contract shall be deemed equivalent to .50 of a Petroleum Product – New York Harbor future and a NYMEX miNY Heating Oil Futures Contract shall be deemed equivalent to .50 of a New York Harbor No. 2 Heating Oil future ; a COMEX miNY Gold Futures Contract shall be deemed equivalent to .50 of a Gold future, a COMEX miNY Silver Futures Contract shall be deemed equivalent to a .50 Silver future, a COMEX miNY Copper Futures Contract shall be deemed equivalent to a .50 Copper Future. (C) The expiration month position limits for the PJM and the Uranium contracts are effective on the opening of trading on all business days when a contract month becomes the first nearby month (or spot month) and continues on an intra-day basis thereafter until the conclusion of trading in the expiring contract. The expiration month position limit shall be calculated on a net futures-equivalent basis for the PJM contracts. (D) The current delivery month position limits metals contracts are effective on the business day prior to the first notice day for any delivery month. No person shall maintain any position which, when combined with the number of contracts for which a delivery notice has been tendered or accepted during the delivery month, exceeds the maximum permissible current delivery month position limit for such contract. E) The current delivery month position limits for soft commodities shall be in effect as of the open of trading on the last three trading days of the expiring contracts. Further, the current delivery month position limit in Orange Juice shall be applied on a gross basis. |
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| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||