Amendments to NYMEX Rule 9.27A, Expiration Position Accountability Levels, incorporate certain cash-settled COMEX Division metals contracts, and also define the timing that such levels would be in effect. Chapter 9, Appendix A is amended to include the Expiration Position Accountability Levels for certain cash-settled COMEX Division metals contracts and details the actual levels. These rule amendments, effective January 11, 2007, seek to disaggregate the affected contracts from the base COMEX Division contracts for position limit and accountability level purposes. These contracts will, therefore, be subject to the above-referenced expiration accountability levels as they move to expiry.

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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.

(5) (6)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.

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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
Metals
USA
Metals
USA
COMEX Division - Aluminum Futures Rules	123	AL	6,000		350			25	AL
COMEX Division - Aluminum Futures Options Rules	124	OA						25	AL
COMEX Division - Copper Contract Rules	111	HG	5,000		400			25	HG
COMEX Division - Grade 1 Copper Futures Options Rules	117	HX						25	HG
COMEX miNY Copper Futures	913	QC	5,000		400	400		25	HG QC
COMEX Division - Gold Rules	113	GC	6,000		3,000			200	GC
COMEX Division - Gold Futures Options Rules	115	OG						200	GC
COMEX miNY Gold Futures	911	QO	6,000		3,000	3,000		200	GC QO
COMEX Division - Silver Rules	112	SI	6,000		1,500			150	SI
COMEX Division - Silver Futures Options Rules	116	SO						150	SI
COMEX miNY Silver Future	912	QI	6,000		1,500	1,500		150	SI QI
Platinum Futures Contract	90	PL	1,500		200			50	PL
NYMEX Platinum Option Contract	360	PO	20,000		200			50	PL
Palladium Futures Contract	100	PA	1,000		650			25	PA
EUROPE
COMEX London Primary Aluminum Futures	918	LA	6,000		1,500			25	LA
COMEX London Copper Grade A Futures	917	LK	5,000		1,500			25	LK
COMEX London SHG Zinc Futures	919	LZ	4,000		1,500			25	LZ
ASIA
COMEX Asian Gold Futures	914	QS	6,000		3,000	3,000		200	GC QS
NYMEX Asian Palladium Futures	916	QT	1,000		650	650		50	PA QT
NYMEX Asian Platinum Futures	915	QR	1,500		200	200		200	PL QR