• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Aggregation Allocations for Two (2) New Light Hydrocarbon Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5367
      • Notice Date
      • 18 August 2010
      • Effective Date
      • 18 August 2010
    • In connection with the launch of the new Conway Physical Propane In-Well (OPIS) Futures and Conway Propane (OPIS) Average Price Option contracts on trade date August 23, 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.  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 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

      All Month Account-ability Level

      Any One Month Account-ability Level

      Expira-tion Month Limit

      Report-ing Level

      Aggre-gate Into (1)

       

       

       

      Rule 560

      Rule 560

      Rule 559

      Rule 561

       

      Light Hydrocarbons

       

       

       

       

       

       

       

      Conway

       

       

       

       

       

       

       

       

      Conway Physical Propane In-Well  (OPIS) Futures

      241

      CPP

      1,000

      750

      250

      25

      CPP

       

      Conway Propane (OPIS) Average Price Option

      132

      CPR

      2,000

      1,500

      250

      25

      8K