• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Aggregation Allocations for Three (3) New BALMO Petroleum Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5509
      • Notice Date
      • 16 December 2010
      • Effective Date
      • 20 December 2010
    • In connection with the launch of three (3) new balance-of-month (“BALMO”) petroleum swap futures contracts on trade date December 20, 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 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

      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

       

       

       

       

       

       

       

       

      Gulf Coast

       

       

       

       

       

       

       

       

       

       

      Gulf

      Coast No. 6 Fuel Oil (Platts) Crack Spread BALMO Swap Futures

      218

      GFC

      10,000/ 20,000

      10,000/ 10,000

      1,000/ 3,000

      25

      MF

      26

       

       

       

       

       

       

       

       

       

      New York 1% Fuel Oil vs. Gulf Coast 3% Fuel Oil (Platts) BALMO Swap Futures

      219

      NFG

      10,000/ 10,000

      10,000/ 10,000

      1,000/ 1,000

      25

      MM

      MF

       

      New York 1% Fuel Oil (Platts) Crack Spread BALMO Swap Futures

      217

      NFC

      10,000/ 20,000

      10,000/ 10,000

      1,000/ 3,000

      25

      MM

      26