• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Diminishing Balances and Aggregation Allocations for Three (3) New Petroleum Average Price Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5540
      • Notice Date
      • 04 January 2011
      • Effective Date
      • 10 January 2011
    • In connection with the launch of three (3) new petroleum average price option contracts on trade date January 10, 2011, 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. 

       

      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 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)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

      Petroleum

       

       

       

       

       

       

       

       

      USA

       

       

       

       

       

       

       

       

      Chicago

       

       

       

       

       

       

       

       

       

      Chicago Ethanol (Platts) Average Price Option

      422

      CVR

      *

      7,000

      7,000

      1,000

      25

      CU


       

      Gulf Coast

       

       

       

       

       

       

       

       

       

      Gulf Coast Jet Fuel (Platts) Average Price Option

      424

      GVR

      *

      10,000

      10,000

      1,000

      25

      GE

      New York Harbor

       

       

       

       

       

       

       

       

       

      NY Ethanol (Platts) Average Price Option

      423

      NVP

      *

      7,000

      7,000

      1,000

      25

      EZ