• Large Trader Reporting Requirements, All Month/Any One Month Position Accountability Levels, Expiration Month Position Limits, and Aggregation Allocations for Five (5) New Petroleum Swap Futures Contracts, and Administrative Amendments to Existing Related Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5133
      • Notice Date
      • 05 February 2010
      • Effective Date
      • 05 February 2010

    • In connection with the launch of five (5) new petroleum swap futures contracts on trade date February 8, 2010, please note below the corresponding all month/any one month accountability levels (NYMEX Rule 560), expiration month position limits (NYMEX Rule 559), reportable levels (NYMEX 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.

       

      In addition, administrative amendments were made to several existing related petroleum swap contracts, including changes to the titles of the contracts, an aggregation allocation, and an amendment to an expiration limit.     

       

      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.   

       

       

      (Bold/underline indicates additions; strikethrough indicates deletions.)

       


       

       

      Contract Name

      Rule Chap-ter

      Com-modity Code

      Diminish-ing Balances Contracts

      All Month Account-ability Level

      Any One Month Account-ability Level

      Expiration Month Limit

      Expiration Account-ability Level-Penultimate and Metals Contracts

      Report-ing Level

      Aggre-gate Into (1)

      Aggre-gate Into (2)

      Rule 560

      Rule 560

      Rule 559

      Rule 560

      Rule 561

      Petroleum

       

       

       

       

       

       

       

       

       

       

      Europe

       

       

       

       

       

       

       

       

       

       

      Northwest Europe

       

       

       

       

       

       

       

       

       

       

      Brent CFD (Platts) vs. Brent Third Month (Platts) Swap Futures

      316

      59

      *

      5,000/5,000

      5,000/5,000

      1,000/1,000

      25

      UB

      59

       

      Brent CFD (Platts) vs. Brent Front Month (Platts) Swap Futures

      319

      1C

      *

      5,000/5,000

      5,000/5,000

      1,000/1,000

       

      25

      UB

      1C

       

      Brent CFD (Platts) vs. Brent Second Month (Platts) Swap Futures

      699

      6W

      *

      5,000/5,000

      5,000/5,000

      1,000/1,000

       

      25

      UB

      59

       

      Dated Brent (Platts) Daily Swap Futures

      714

      7G

       

      7,000

      5,000

      1,000

       

       

       

      1,000

      25

      7G UB

      European Naphtha (Platts) Crack Spread BAMLO Swap Futures

      636

      43

      *

      1,500/20,000

      1,500/20,000

      150/2,000

      25

      UN

      BB

      1% Fuel Oil Rdam vs. 1% Fuel Oil NWE (Platts) Swap Futures

      611

      33

      *

      1,500/1,500

      1,500/1,500

      150/150

      25

      UH

      UF

      Northwest Europe Fuel Oil High-Low Sulfur Spread (Platts) BALMO Swap Futures

      663

      88

      *

      1,500/1,500

      1,500/1,500

      150/150

      25

      UF

      UV

      3.5% Fuel Oil Rdam vs. 3.5% FOB MED Spread (Platts) BALMO Swap Futures

      605

      63

      *

      1,500/1,500

      1,500/1.500

      150/150

      25

      UI

      UV

       

       

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