• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Accountability Level Last Day Contracts, and Aggregation Allocations for Ten (10) New Wet Tanker Freight Forward Contracts, and Administrative Amendments to the Aggregation Allocation for an Existing Related Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5250
      • Notice Date
      • 02 June 2010
      • Effective Date
      • 02 June 2010
    • In connection with the launch of ten (10) new wet tanker freight forward contracts on trade date June 7, 2010, please note below the corresponding all month/any one month accountability levels (NYMEX Rule 560), expiration accountability level last day contracts (NYMEX Rule 560), reportable levels (NYMEX Rule 561), 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.

       

      In addition, the aggregation allocation was amended for the Freight Route TC4 (Platts) BALMO Swap Futures contract that is affected by the launch of the new contracts. 

       

      Contract related questions can be directed to Joe Hawrysz, Director, Global Market Surveillance, at (312) 341-7750. 

       


       

      (Bold/underlining indicates additions)

       

      Contract Name

      Rule Chapter

      Commodity Code

      All Month Accountability Level

      Any One Month Accountability Level

      Expiration Month Limit

      Expiration Account-ability Level Last Day Contracts

      Reporting Level

      Aggregate Into (1)

      Rule 560

      Rule 560

      Rule 559

       

      Rule 560

      Rule 561

       

      Tanker Indices

       

       

       

       

       

       

       

       

      Clean Tanker Index

       

       

       

       

       

       

       

       

       

      Freight Route TC4 (Platts) BALMO Swap Futures

      309

      V9

      5,000

      5,000

      500

       

      25

      V9 TJ

       

      Clean Tanker Forwards

      Freight Route TC1 (Platts) Forward

      950

      FPA

      5,000

      5,000

       

       

      1,000

      25

      FPA

      Freight Route TC2 (Baltic) Forward

      953

      FC2

      2,500

      2,500

       

       

      500

      25

      FC2

      Freight Route TC4 (Platts) Forward

      951

      FC4

      2,500

      2,500

       

       

      500

      25

      FC4

      Freight Route TC5 (Platts) Forward

      952

      FC5

      2,500

      2,500

       

       

      500

      25

      FC5

      Freight Route TC6 (Baltic) Forward

      954

      FC6

      5,000

      5,000

       

       

      1,000

      25

      FC6

       

      Dirty Tanker Forwards

      Freight Route TD3 (Baltic) Forward

      955

      FT3

      25,000

      25,000

       

       

      5,000

      25

      FT3

      Freight Route TD5 (Baltic) Forward

      956

      FT5

      12,500

      12,500

       

       

      2,500

      25

      FT5

      Freight Route TD7 (Baltic) Forward

      957

      FT7

      5,000

      5,000

       

       

      1,000

      25

      FT7

      Freight Route TD9 (Baltic) Forward

      958

      FB9

      5,000

      5,000

       

       

      1,000

      25

      FB9

      Freight Route TD10D (Baltic) Forward

      959

      FDD

      5,000

      5,000

       

       

      1,000

      25

      FDD