The New York Mercantile Exchange, Inc. (“NYMEX”) will amend NYMEX Chapter 5, Position Limits, Accountability Levels and Reportable Levels Table to denote the diminishing balances allocation for fifteen (15) petroleum and natural gas liquids average price option contracts. Diminishing balance contracts are those whose front month volume in any given contract month diminishes as the contract month progresses towards month’s end. These changes will be reflected in the Position Limit Table effective on trade date December 1, 2010.
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)
Contract Name |
Rule Chapter |
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) |
|
|
|
|
Rule 560 |
Rule 560 |
Rule 559 |
Rule 561 |
|
Petroleum |
|
|
|
|
|
|
|
|
USA |
|
|
|
|
|
|
|
|
EIA Flat Tax On-Highway Diesel Average Price Option |
311 |
DAP |
* |
7,000 |
5,000 |
1,000 |
25 |
A5 |
New York Harbor |
|
|
|
|
|
|
|
|
Heating Oil Average Price Option |
321 |
AT |
* |
7,000 |
5,000 |
1,000 |
150 |
23 |
RBOB Gasoline Average Price Option |
386 |
RA |
* |
7,000 |
7,000 |
1,000 |
150 |
27 |
Europe |
|
|
|
|
|
|
|
|
Northwest Europe |
|
|
|
|
|
|
|
|
Brent Crude Oil Average Price Option |
379 |
BA |
* |
20,000 |
20,000 |
2,000 |
25 |
BZ |
Gasoil Average Price Option |
748 |
F7 |
* |
5,000 |
5,000 |
1,000 |
25 |
GX |
European Jet Kerosene (Platts) Cargoes CIF NWE Average Price Option |
651A |
30 |
* |
1,500 |
1,500 |
150 |
25 |
UJ |
Middle East |
|
|
|
|
|
|
|
|
Dubai Crude Oil (Platts) Average Price Option |
516 |
AH |
* |
10,000 |
10,000 |
1,000 |
25 |
DC |
Asia/Pacific |
|
|
|
|
|
|
|
|
Singapore |
|
|
|
|
|
|
|
|
Singapore Gasoil (Platts) Average Price Option |
496A |
M2 |
* |
1,500 |
1,500 |
n/a |
25 |
SG |
Singapore Fuel Oil 180 cst (Platts) Average Price Option |
493A |
C5 |
* |
1,500 |
1,500 |
n/a |
25 |
UA |
Singapore Jet Kerosene (Platts) Average Price Option |
495A |
N2 |
* |
1,500 |
1,500 |
n/a |
25 |
KS |
Light Hydrocarbons |
|
|
|
|
|
|
|
|
Conway |
|
|
|
|
|
|
|
|
Conway Propane (OPIS) Average Price Option |
132 |
CPR |
* |
2,000 |
1,500 |
250 |
25 |
8K |
Mont Belvieu |
|
|
|
|
|
|
|
|
Mont Belvieu Ethane (OPIS) Average Price Option |
410A |
4J |
* |
2,000 |
1,500 |
250 |
25 |
C0 |
Mont Belvieu Natural Gasoline (OPIS) Average Price Option |
405A |
4I |
* |
2,000 |
1,500 |
250 |
25 |
7Q |
Mont Belvieu Normal Butane (OPIS) Average Price Option |
411A |
4K |
* |
2,000 |
1,500 |
250 |
25 |
D0 |
Mont Belvieu LDH Propane (OPIS) Average Price Option |
409A |
4H |
* |
2,000 |
1,500 |
250 |
25 |
B0 |