• Large Trader Reporting Requirements, All Month/Any One Month Position Accountability Levels, Expiration Month Position Limits, and Diminishing Balances and Aggregation Allocations for Eight (8) New Petroleum Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5217
      • Notice Date
      • 21 April 2010
      • Effective Date
      • 21 April 2010
    • In connection with the launch of eight (8) new 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 Chapter

      Commodity Code

      Diminishing Balances Contracts

      All Month Accountability Level

      Any One Month Accountability Level

      Expiration Month Limit

      Reporting Level

      Aggregate Into (1)

      Aggregate Into (2)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

      Petroleum

       

       

       

       

       

       

       

       

       

      Mediterranean

       

       

       

       

       

       

       

       

       

      Genoa/Lavera

       

       

       

       

       

       

       

       

       

      European 1% Fuel Oil Cargoes FOB MED (Platts) Swap Futures

      215

      EFM

      *

      1,500

      1,500

      150

      25

      EFM

      European 1% Fuel Oil Cargoes FOB MED vs. European 1% Fuel Oil Cargoes FOB NWE Spread (Platts) Swap Futures

      216

      ENS

      *

      1,500/1,500

      1,500/1,500

      150/150

      25

      EFM

      UF

      European 3.5% Fuel Oil (Platts) Cargoes FOB MED BALMO Swap Futures

      212

      EFF

      *

      1,500

      1,500

      150

      25

      UI

       

      Asia/Pacific

       

       

       

       

       

       

       

       

       

      Japan

       

       

       

       

       

       

       

       

       

      East-West Naphtha: Japan C&F vs. Cargoes CIF NWE Spread (Platts) Swap Futures

      214

      EWN

      *

      1,000/1,500

      1,000/1,500

      100/150

      25

      JA

      UN

      Singapore

       

       

       

       

       

       

       

       

       

      Singapore Mogas 95 Unleaded vs. Singapore Mogas 92 Unleaded Spread (Platts) Swap Futures

      211

      SMU

      *

      7,000/7,000

      5,000/5,000

      1,000/1,000

      25

      V0

      1N

      Singapore Fuel Oil 180 cst (Platts) Crack Spread Swap Futures

      213

      SFC

      *

      1,500/20,000

      1,500/20,000

      150/2,000

      25

      UA

      BZ

       

      Light Hydrocarbons

       

       

       

       

       

       

       

       

       

      Mont Belvieu

       

       

       

       

       

       

       

       

       

      Mont Belvieu Ethylene (PCW) Financial Swap Futures

      602

      MBN

      6,000

      4,000

      800

      25

      MBN

      Mont Belvieu Ethylene (PCW) BALMO Swap Futures

      587

      MBB

      6,000

      4,000

      800

      25

      MBN