• Large Trader Reporting Requirements, All Month/Any One Month Position Accountability Levels, Expiration Month Position Limits, and Aggregation Allocations for Four (4) New NGL Average Price Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5020
      • Notice Date
      • 07 October 2009
      • Effective Date
      • 07 October 2009
    • In connection with the launch of four (4) new NGL average price option contracts on trade date October 12, 2009, please note below the corresponding all month/any one month accountability levels (Rule 560), expiration month position limits (Rule 559), reportable levels (Rule 561) and aggregation allocations for the new contracts.  The commodity codes are provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format.   

       

      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.)

       

       

      Contract Name

      Rule Chap-ter

      Com-modity Code

      All Month Account-ability Level

      Any One Month Account-ability Level

      Expira-tion Month Limit

      Reporting Level

      Aggre-gate Into (1)

      Aggre-gate Into (2)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

       

      Light Hydrocarbons

       

       

       

       

       

       

       

       

      Mont Belvieu

      Mont Belvieu Ethane 5 Decimals (OPIS) Average Price Option

      410A

      4J

      2,000

      1,500

      250

      25

      C0

      Mont Belvieu Natural Gasoline 5 Decimals (OPIS) Average Price Option

      405A

      4I

      2,000

      1,500

      250

      25

      7Q

      Mont Belvieu Normal Butane 5 Decimals (OPIS) Average Price Option

      411A

      4K

      2,000

      1,500

      250

      25

      D0

      Mont Belvieu LDH Propane 5 Decimals (OPIS) Average Price Option

      409A

      4H

      2,000

      1,500

      250

      25

      B0