In connection with the launch of six (6) new sulfur dioxide (SO2) emission 25-allowance futures contracts on trade date July 13, 2009, and one (1) new SO2 emission option contract on trade date July 14, 2009, please note below the corresponding all month/any one month accountability levels (Rule 9A.26), expiration month position limits (Rule 9A.27), reportable levels (Rule 9A.34) and aggregation allocations for the new contracts. The commodity codes are provided for the Clearing Members that file reports pursuant to NYMEX Rule 9A.33 in a machine-readable format.
Please also note administrative amendments to two (2) existing related contracts whose all month/any one month accountability levels and expiration month limits are affected with the launch of the aforementioned new contracts. Additional administrative amendments to NYMEX Rules 9A.26, All Month/Any One Month Accountability, and 9A.27A, Expiration Position Accountability Levels, clarify that an SO2 emission 25-allowance futures contract shall be deemed equivalent to .25 of a NYMEX SO2 emissions allowance futures contract.
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.
(Bold/underline indicates additions; strikethrough indicates deletions.)
Contract Name |
Rule Chapter |
Com-modity Code |
All Month Account-ability Level |
Any One Month Account-ability Level |
Expiration Month Limit |
Reporting Level |
Aggre-gate Into (1) |
|
|
|
Rule 9A.26 |
Rule 9A.26 |
Rule 9A.27 |
Rule 9A.34 |
|
Emissions |
|
|
|
|
|
|
|
|
782 |
RS |
|
|
|
25 |
RS |
SO2 Emissions Allowance Option |
871 |
AS |
|
|
|
25 |
RS |
SO2 Emission 25-Allowance Futures |
554 |
09 |
70,000 |
50,000 |
10,000 |
25 |
09 |
SO2 Emission 25-Allowance Option |
606 |
S2 |
17,500 |
12,500 |
2,500 |
25 |
RS |
SO2 Emission 25-Allowance Futures 2010 |
554 |
10 |
70,000 |
50,000 |
10,000 |
25 |
10 |
SO2 Emission 25-Allowance Futures 2011 |
554 |
11 |
70,000 |
50,000 |
10,000 |
25 |
11 |
SO2 Emission 25-Allowance Futures 2012 |
554 |
12 |
70,000 |
50,000 |
10,000 |
25 |
12 |
SO2 Emission 25-Allowance Futures 2013 |
554 |
13 |
70,000 |
50,000 |
10,000 |
25 |
13 |
SO2 Emission 25-Allowance Futures 2014 |
554 |
14 |
70,000 |
50,000 |
10,000 |
25 |
14 |
9A.26 All Month/Any One Month Position Accountability
Sections (A) and (B) are unchanged.
(C) The any one month/all month position accountability levels shall be calculated on a net futures-equivalent basis.
For purposes of calculating futures-equivalent positions, the following shall apply:
An ON-Peak contract month shall be deemed 340 hours for:
An OFF-Peak contract month shall be deemed 390 Hours for:
Sections (D) and (E) are unchanged.
9A.27A Expiration Position Accountability Levels
Sections (A) and (C) are unchanged.
(B) The Expiration Position Accountability Levels for energy and metals contracts, for those contracts enumerated in Appendix (A), Chapter 9A for which expiration accountability levels are designated, are effective on the open of trading of the last three trading days of the Penultimate and Last Day cash-settled futures contracts. The expiration position accountability levels shall be calculated on a net futures-equivalent basis.
For purposes of calculating futures equivalent positions, the following shall apply: