• Large Trader Reporting Requirements, All Month/Any One Month Position Accountability Levels, Expiration Month Position Limits, Diminishing Balances and Aggregation Allocations for Ten (10) New Euro Mini and Daily Petroleum Contracts, and an Administrative Amendment to the Aggregation Allocation for an Existing Related Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5389
      • Notice Date
      • 07 September 2010
      • Effective Date
      • 07 September 2010
    • In connection with the launch of ten (10) new Euro Mini and daily petroleum contracts on trade date September 13, 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 balances 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 Premium Unleaded 10 ppm (Platts) Cargoes CIF NEW BALMO Swap Futures contract that is affected by the launch of the new contracts.

       

      Contract related questions can be directed to Glenn Hofferber, Associate Director, Market Surveillance, at 212.299.2884, or Joe Hawrysz, Director, Global Market Surveillance, at 312.341.7750. 

       

       

        


      (Bold/underlining indicates additions; strikethrough indicates deletions.)

       

      Contract Name

      Rule Chap-ter

      Com-modity Code

      Diminish-ing Balances Contracts

      All Month Account-ability Level

      Any One Month Account-ability Level

      Expira-tion Month Limit

      Report-ing Level

      Aggre-gate Into (1)

      Aggre-gate Into (2)

       

       

       

       

      Rule 560

      Rule 560

      Rule 559

      Rule 561

       

       

      Petroleum

       

       

       

       

       

       

       

       

       

      Europe 

       

       

       

       

       

       

       

       

       

      Northwest Europe

       

       

       

       

       

       

       

       

       

       

      Daily European Naphtha (Platts) CIF NWE Swap Futures

      236

      NCN

       

      1,500

      1,500

      150

      25

      UN

       

       

      Mini European Naphtha (Platts) CIF NWE Swap Futures

      230

      MNC

      *

      1,500

      1,500

      150

      25

      UN

       

       

      Premium Unleaded 10 ppm (Platts) Cargoes CIF NWE BALMO Swap Futures

      470

      6D

      *

      750

      500

      100

      25

      6D 4G

       

       

      Daily Gasoline Euro-bob Oxy (Argus) NWE Barges Swap Futures

      238

      GBR

       

       3,500

       2,500

       500

      25

      7H

      7F

       

      Mini Gasoil 0.1 (Platts) Cargoes CIF NWE vs. Gasoil Swap Futures

      235

      MGF

      *

      1,000/7,000

      500/5,000

      150/1,000

      25

      TW

      7F

       

      Mini Gasoil 10ppm (Platts) Cargoes CIF NWE vs. Gasoil Swap Futures

      234

      MGN

      *

      1,000/7,000

      500/5,000

      150/1,000

      25

      TY

      7F

       

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

      239

      FCN

       

      1,500

      1,500

      150

      25

      UF

       

       

      Daily European 3.5% Fuel Oil (Platts) Barges FOB Rdam Swap Futures

      237

      FOR

       

      1,500

      1,500

      150

      25

      UV

       

       

      Mini European Jet Kero (Platts) Cargoes CIF NWE vs. Gasoil Swap Futures

      232

      MJC

      *

      1,500/7,000

      1,500/5,000

      150/1,000

      25

      UJ

      7F

       

      Mini European Jet Kero (Platts) Barges FOB Rdam vs. Gasoil Swap Futures

      233

      MJB

      *

      1,500/7,000

      1,500/5,000

      150/1,000

      25

      UR

      7F

       

      Mediterranean

       

       

       

       

       

       

       

       

       

      Italy

       

       

       

       

       

       

       

       

       

       

      Mini ULSD 10ppm (Platts) Cargoes CIF MED vs. Gasoil Swap Futures

      231

      UCM

      *

      5,000/7,000

      5,000/5,000

      500/1,000

      25

      Z6

      7F