• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Diminishing Balances and Aggregation Allocations for Five (5) New Petroleum Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5562
      • Notice Date
      • 19 January 2011
      • Effective Date
      • 19 January 2011
    • In connection with the launch of five (5) new Gasoil swap futures contracts on trade date January 24, 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)

      Aggre- gate Into (2)

      Rule 560

      Rule 560

      Rule 559

      Rule 561

      Petroleum

       

       

       

       

       

       

       

       

       

      Europe

       

       

       

       

       

       

       

       

       

      Northwest Europe

       

       

       

       

       

       

       

       

       

       

      Gasoil 50 ppm (Platts) Barges FOB Rdam Swap Futures

      994

      GFS

      *

      1,000

      500

      150

      25

      GFS

       

      Gasoil 50 ppm (Platts) Barges FOB Rdam BALMO Swap Futures

      995

      GFL

      *

      1,000

      500

      150

      25

      GFS

       

      Gasoil 50 ppm (Platts) Barges FOB Rdam vs. ICE Gasoil Swap Futures

      997

      GRS

      *

      1,000/ 7,000

      500/ 7,000

      150/ 1,000

      25

      GFS

      GX

       

      Gasoil 50 ppm (Platts) Barges FOB Rdam vs. ICE Gasoil BALMO Swap Futures

      996

      GRB

      *

      1,000/ 7,000

      500/ 7,000

      150/ 1,000

      25

      GFS

      GX

       

      Gasoil 50 ppm (Platts) Barges FOB Rdam Crack Spread (1000mt) Swap Futures

      998

      GRC

      *

      1,000/ 20,000

      500/ 20,000

      150/ 2,000

      25

      GFS

      BZ