The New York Mercantile Exchange, Inc. has amended Chapter 9A, Appendix A, as to the
accountability levels (Rule 9A.26) and expiration month position limits (9A.27) for two Western Hub electricity contracts. The amendments revert the levels and limits for the PJM Western Hub Peak Calendar-Month Day-Ahead LMP Swap Futures Contract (J4) and PJM Western Hub Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract (E4) to the original launch levels and limits established as of December 4, 2008 (see NYMEX Notice to Members No. 08-609). The accountability levels and expiration month position limits were lowered in error subsequent to the December 4, 2008 launch and in connection with the launch of an additional 34 new electricity contracts on February 23, 2009 (see Notice to Members No. 09-77). These amendments were effective as of April 20, 2009.
Contract related questions can be directed to Anthony V. Densieski, Director, Market Surveillance at (212) 299-2881, or Chris Reinhardt, Supervisor, Market Surveillance at (212) 299-2884. Please contact Martin Jacobs, Senior Director, Applications Development, at (212) 299-2829 if you have any information services questions.
Attachment
Contract Name |
Rule Chapter |
Com-modity Code |
All Month Accountability Level |
Any One Month Accountability Level |
|
Reporting Level |
Aggregate Into (1) |
Aggregate Into (2) |
|
|
|
Rule 9A.26 |
Rule 9A.26 |
Rule 9A.27 |
Rule 9A.34 |
|
|
Electricity |
|
|
|
|
|
|
|
|
PJM Interconnection, LLC |
|
|
|
|
|
|
|
|
Western Hub |
|
|
|
|
|
|
|
|
PJM Western Hub Peak Calendar-Month Day-Ahead LMP Swap Futures Contract |
174 |
J4 |
|
|
|
25 |
J4 |
|
PJM Western Hub Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract |
175 |
E4 |
|
|
|
25 |
E4 |
|