• Large Trader Reporting Requirements, All Month/Any One Month Position Accountability Levels, Expiration Month Position Limits, and Diminishing Balances and Aggregation Allocations for Four (4) New Northwest Europe Petroleum Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5210
      • Notice Date
      • 15 April 2010
      • Effective Date
      • 15 April 2010
    • In connection with the launch of four (4) new Northwest Europe petroleum swap futures contracts on trade date April 26, 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 diminishing and aggregation allocations for the new contracts.  These contracts will be added to the Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook.  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. 

       

       

       

       


      (Bold/underlining indicates additions)

       

       

       

      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

      Reporting Level

      Aggre-gate Into (1)

       

      Aggre-gate Into (2)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

       

      Petroleum

       

       

       

       

       

       

       

       

       

      Europe

       

       

       

       

       

       

       

       

       

      Northwest Europe

       

       

       

       

       

       

       

       

       

      FAME 0 Biodiesel (Argus) FOB Rdam vs. ICE Gasoil Spread Swap Futures

      315

      LE

      *

      750/7,000

      500/7,000

      100/1,000

      25

      2L

       

       

       

       

       

      GX

      RME Biodiesel (Argus) FOB Rdam vs. ICE Gasoil Spread Swap Futures

      314

      KE

      *

      3,500/7,000

      2,500/7,000

      500/1,000

      25

      1A

       

       

       

       

      GX

      Ethanol (Argus) T1 ROB Rdam Excluding Duty Swap Futures

      209

      WE

      *

      750

      500

      100

      25

      WE

      Ethanol (Argus) T2 FOB Rdam Including Duty Swap Futures

      210

      YE

      *

      750

      500

      100

      25

      WE