• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, Diminishing Balances and Aggregation Allocations for Six (6) New DME Oman Crude Oil Futures and Option Contracts, and Administrative Amendments to Existing Related Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5487
      • Notice Date
      • 03 December 2010
      • Effective Date
      • 03 December 2010

    •  

      In connection with the launch of six (6) new DME Oman Crude Oil futures and option contracts on trade date December 6, 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. 
       
      Additional administrative amendments were made to the all month/any one month accountability levels and expiration month limits of existing petroleum contracts that were 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, and Ryne Toscano, Lead Market Surveillance Analyst, at 212.299.2879.
       
      (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
       
       
       
       
       
       
       
       
       
      Middle East
       
       
       
       
       
       
       
       
       
       
      DME Oman Crude Oil Swap Futures
      124
      DOO
      *
      20,000
      20,000
      4,000
      25
      DOO
      		  

       

       
       
       
       
       
       
       
       

       

       
       
      DME Oman Crude Oil Average Price Option
      131
      DOA
      *
      20,000
      20,000
      4,000
      25
      DOO
      		  
       
      DME Oman Crude Oil BALMO Swap Futures
      125
      DOB
      *
      20,000
      20,000
      4,000
      25
      DOO
       
       
      ICE Brent vs. DME Oman Crude Oil Swap Futures
      126
      DBO
      *
      20,000/ 20,000
      20,000/ 20,000
      2,000/ 4,000
      25
      BZ
      DOO
       
      Asia/Pacific
       
       
       
       
       
       
       
       
       
      Singapore
       
       
       
       
       
       
       
       
       
       
      Singapore Gasoil (Platts) Swap Futures
      669
      SG
      *
      1,500 5,000
      1,500 5,000
      500 1,000
      25
      SG
       
       
      Singapore Gasoil (Platts) Average Price Option
      496A
      M2
       
      1,500 5,000
      1,500 5,000
      n/a
      25
      SG
       
       
      Singapore Gasoil (Platts) BALMO Swap Futures
      496
      VU
       
      1,500 5,000
      1,500 5,000
      500 1,000
      25
      SG
       
       
      Singapore Gasoil (Platts) vs. ICE Gasoil Swap Futures
      724
      GA
       
      1,500 5,000/ 7,000
      1,500 5,000/ 7,000
      500 1,000/ 1,000
      25
      SG
      GX
       
      Singapore Gasoil (Platts) vs. DME Oman Crude Oil Swap Futures
      128
      DZB
      *
      5,000/ 20,000
      5,000/ 20,000
      1,000/ 4,000
      25
      SG
      DOO

       

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

       

       
      Singapore Jet Kerosene vs. Gasoil Spread (Platts) Swap Futures
      672
      RK
       
      1,500/ 1,500 5,000
      1,500/ 1,500 5,000
      500/ 500 1,000
      25
      KS
      SG
       
      Singapore Jet Kerosene vs. Gasoil Spread (Platts) BALMO Swap Futures
      657
      Z0
       
      1,500/ 1,500 5,000
      1,500/ 1,500 5,000
      500/ 500 1,000
      25
      KS
      SG
       
      Singapore Mogas 92 Unleaded (Platts) vs. DME Oman Crude Oil Swap Futures
      127
      DNB
      *
      7,000/ 20,000
      5,000/ 20,000
      1,000/ 4,000
      25
      1N
      DOO
       
      Singapore Fuel Oil 180 cst vs. 380 cst Spread (Platts) Swap Futures
      667
      SD
       
      1,500 5,000/ 1,500
      1,500 5,000/ 1,500
      500/ 500
      25
      UA
      SE
       
      Singapore Fuel Oil 180 cst (Platts) Average Price Option
      493A
      C5
       
      1,500 5,000
      1,500 5,000
      n/a
      25
      UA
       
       
      Singapore Fuel Oil 180 cst (Platts) BALMO Swap Futures
      493
      BS
       
      1,500 5,000
      1,500 5,000
      150 500
      25
      UA
       
       
      Singapore Fuel Oil 180 cst (Platts) Calendar Swap Futures
      662
      UA
      *
      1,500 5,000
      1,500 5,000
      150 500
      25
      UA
       
       
      East-West Fuel Oil Spread (Platts) Swap Futures
      666
      EW
       
      1,500 5,000/ 1,500
      1,500 5,000/ 1,500
      150 500/ 150
      25
      UA
      UV
       
      Singapore Fuel Oil 180 cst (Platts) Crack Spread Swap Futures
      213
      SFC
      *
      1,500 5,000/ 20,000
      1,500 5,000/ 20,000
      150 500/ 2,000
      25
      UA
      BZ
       
      Mini Singapore Fuel Oil 180 cst (Platts) Swap Futures
      844
      0F
      *
      1,500 5,000
      1,500 5,000
      150 500
      25
      UA
       
       
      Mini Singapore Fuel Oil 180 cst (Platts) BALMO Swap Futures
      845
      5L
      *
      1,500 5,000
      1,500 5,000
      150 500
      25
      UA
       

       

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