• Large Trader Reporting Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limit, and Aggregation Allocation for Nine (9) New Gulf Coast Petroleum Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5353
      • Notice Date
      • 02 August 2010
      • Effective Date
      • 09 August 2010
    • In connection with the launch of nine (9) new Gulf Coast petroleum swap futures contracts on trade date August 9, 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 and diminishing balances 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 code is 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 Joe Hawrysz, Director, Global Market Surveillance, at 312.341.7750, or Glenn Hofferber, Associate Director, Market Surveillance, at 212.299.2884. 

       

       

       

       

      (Bold/underlining indicates additions.)

       

      Contract Name

      Rule Chap-ter

      Com-modity Code

      Diminish-ing Balances Contracts

      All Month Accountability Level

      Any One Month Account-ability Level

      Expira-tion Month Limit

      Reporting Level

      Aggregate Into (1)

      Aggregate Into (2)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

       

      Petroleum

       

       

       

       

       

       

       

       

       

      USA

       

       

       

       

       

       

       

       

       

       

      Gulf Coast

       

       

       

       

       

       

       

       

       

       

      Gulf Coast Unl 87 Gasoline M2 (Platts) Swap Futures

      974

      GCM

      *

      10,000

      10,000

      2,000

      25

      GCM

       

      Gulf Coast Unl 87 Gasoline M2 (Platts) vs. RBOB Spread Swap Futures

      973

      RVG

      *

      10,000/

      7,000

      10,000/

      5,000

      2,000/

      1,000

      25

      GCM

      27

       

      Gulf Coast Unl 87 Gasoline M2 (Platts) Crack Spread Swap Futures

      975

      GCC

      *

      10,000/

      20,000

      10,000/

      10,000

      2,000/

      3,000

      25

      GCM

      26

       

      Gulf Coast CBOB Gasoline A1 (Platts) Swap Futures

      980

      CBO

      *

      10,000

      10,000

      1,000

      25

      CBO

       

      Gulf Coast CBOB Gasoline A1 (Platts) vs. RBOB Spread Swap Futures

      979

      CBA

      *

      10,000/

      7,000

      10,000/

      5,000

      1,000/

      1,000

      25

      CBO

      27

       

      Gulf Coast CBOB Gasoline A1 (Platts) Crack Spread Swap Futures

      981

      CBC

      *

      10,000/

      20,000

      10,000/

      10,000

      1,000/

      3,000

      25

      CBO

      26

       

      Gulf Coast CBOB Gasoline A2 (Platts) Swap Futures

      977

      CRG

      *

      10,000

      10,000

      1,000

      25

      CRG

       

      Gulf Coast CBOB Gasoline A2 (Platts) vs. RBOB Spread Swap Futures

      976

      CRB

      *

      10,000/

      7,000

      10,000/

      5,000

      1,000/

      1,000

      25

      CRG

      27

       

      Gulf Coast CBOB Gasoline A2 (Platts) Crack Spread Swap Futures

      978

      GCG

      *

      10,000/

      20,000

      10,000/

      10,000

      1,000/

      3,000

      25

      CRG

      26