• Administrative Amendment to Remove Diminishing Balances Allocation for the RBOB Gasoline Crack Spread Option Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5430
      • Notice Date
      • 08 October 2010
      • Effective Date
      • 12 October 2010
    • The New York Mercantile Exchange, Inc. (“NYMEX”) will amend NYMEX Chapter 5, Position Limits, Accountability Levels and Reportable Levels Table to remove the diminishing balance allocation (*) for the RBOB Gasoline Crack Spread Option contract.  Diminishing balance contracts are those whose front month volume in any given contract month diminishes as the contract month progresses towards month’s end.  This denotation was inadvertently applied to this contract.  The change will be reflected in the Position Limit Table effective on trade date October 12, 2010.


      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











      New York Harbor











      RBOB Gasoline Crack Spread Option




      7,000/ 20,000

      5,000/ 10,000

      1,000/ 3,000