Notice to Members
Notice No. 125
03/10/2008
Correction to Chapter 9, Appendix A, Regarding NYMEX Light Sweet Crude Oil miNY Futures contract and the WTI Crude Oil Look-Alike Option
In Notice 08-114 dated March 7, 2008, the Exchange specified the accountability levels, position limits, and reportable levels for fifteen (15) new Petroleum Product Swap contracts. The Notice also included housekeeping amendments pertaining to the NYMEX Light Sweet Crude Oil miNY Futures contract (QM) and the WTI Crude Oil Look-Alike Option (LC). Those housekeeping amendments were submitted erroneously. Therefore, Chapter 9, Appendix A, is being amended to effectively reinstate the original rule, to correctly reflect that the QM and LC contracts exercise into the financially-settled WS contract, and not into the physically-settled CL contract. These changes will be made effective on March 11, 2008.

(Bold/strikethrough indicates deletions; bold/italics indicates additions)


Contract Name
Rule Chapter
Commodity
Code
All Month Accountability Level
Any One Month Accountability Level
Exemption Month Limit
Expiration Accountability Level- Penultimate and Metals Contracts
Reporting Level
Aggregate
Into (1)
Aggregate
Into (2)
 
 
 
Rule 9.26
Rule 9.26
Rule 9.27
Rule 9.27A
Rule 9.34
 
 
Cushing, Oklahoma
 
 
 
 
 
 
 
 
 
NYMEX Light Sweet Crude Oil miNY Futures Contract
401
QM
20,000
20,000
 
2,000
350
WS CL
 
WTI Crude Oil Look-Alike Option
550
LC
20,000
20,000
 
2,000
100
WS CL
 
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com