Large Trader Requirements, All Month/Any One Month Account-ability Levels, Expiration Month Position Limits, Diminishing Balances and Aggregation Allocations for Three (3) New Petroleum Swap Futures Contracts, and Amendments to the Header Notes in the Position Limit Table in Chapter 5 of the NYMEX Rulebook

In connection with the launch of three (3) new petroleum swap futures contracts on trade date May 2, 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), 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. 

In addition, the amendments to the Header Notes clarify that the new Mini European Diesel (Commodity Code MUD) and Mini Gasoil (Commodity Code MGB) contracts shall be deemed equivalent to .10 of the quantity of the respective base contracts into which they aggregate. 

Contract related questions can be directed to Chris Reinhardt, Associate Director, Market Surveillance, at 212.299.2882, and Ryne Toscano, Supervisor, Market Surveillance, at 212.299.2879.

(Bold/underlining indicates additions)

Interpretations and Special Notices Relating to Chapter 5

Position Limit, Position Accountability and Reportable Level Table

Header Notes

1.  ….

The following Mini Petroleum contracts shall be deemed equivalent to .10 of the quantity of the corresponding base contract into which each Mini Petroleum contract aggregates:

Mini European Diesel 10 ppm (Platts) Barges FOB Rdam vs. ICE Gasoil Swap Futures

Mini Gasoil 0.1 (Platts) Barges FOB Rdam vs. ICE Gasoil Swap Futures

[remainder of rule is unchanged]

NYMEX Chapter 5 Position Limit Table