• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Position Limits, and Diminishing Balances and Aggregation Allocations for Six (6) New Singapore Gasoil Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5623
      • Notice Date
      • 24 February 2011
      • Effective Date
      • 28 February 2011
    • In connection with the launch of six (6) new Singapore Gasoil Swap Futures contracts on trade date February 28, 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 Joe Hawrysz, Director, Global Market Surveillance, at 312.341.7750, and Ryne Toscano, Supervisor, Market Surveillance, at 212.299.2879.

       

      (Bold/underline 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

       

       

       

       

       

       

       

       

       

      Asia/Pacific

       

       

       

       

       

       

       

       

       

      Singapore

       

       

       

       

       

       

       

       

       

      Singapore Gasoil 10 ppm (Platts) Swap Futures

      860

      STF

       

       

       

       

      *

      5,000

      5,000

      1,000

      25

      STF

      Singapore Gasoil 0.05% Sulfur (Platts) Swap Futures

      861

      SZF

       

       

       

       

      *

      5,000

      5,000

      1,000

      25

      SZF

      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

       

       

       

       

       

       

       

       

       

      Asia/Pacific

       

       

       

       

       

       

       

       

       

      Singapore

       

       

       

       

       

       

       

       

       

      Singapore Gasoil 10 ppm vs. 0.5% Sulfur Spread (Platts) Swap Futures

      862

      STZ

       

       

       

       

       

       

      *

      5,000/ 5,000

      5,000/ 5,000

      1,000/ 1,000

      25

      STF

      SG

      Singapore Gasoil 0.05% vs. 0.5% Sulfur Spread (Platts) Swap Futures

      863

      SZZ

       

       

       

       

       

       

      *

      5,000/ 5,000

      5,000/ 5,000

      1,000/ 1,000

      25

      SZF

      SG

      Singapore Gasoil 10 ppm (Platts) BALMO Swap Futures

      864

      STL

       

       

       

       

       

      *

      5,000

      5,000

      1,000

      25

      STF

       

      Singapore Gasoil 0.05% Sulfur (Platts) BALMO Swap Futures

      865

      SZL

       

       

       

       

       

      *

      5,000

      5,000

      1,000

      25

      SZF