• Large Trader Requirement, All Month/Any One Month Accountability Levels, Expiration Month Position Limit, Diminishing Balances and Aggregation Allocation for the New Mini Japan Naphtha (Platts) BALMO Swap Futures Contract, and Amendments to the Header Notes in the Position Limit Table in Chapter 5 of the NYMEX Rulebook

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5706
      • Notice Date
      • 12 May 2011
      • Effective Date
      • 16 May 2011
    • In connection with the launch of the new Mini Japan Naphtha (Platts) BALMO Swap Futures contract on trade date May 16, 2011 (see SER-5749 dated May 3, 2011), please note below the corresponding all month/any one month accountability levels (NYMEX Rule 560), expiration month position limit (NYMEX Rule 559), reportable level (NYMEX Rule 561), diminishing balances and aggregation allocation for the new contract.  This contract 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 code is provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format. 

       

      In addition, the new contract will be added to the NYMEX Chapter 5 Header Notes Section to clarify that the new Mini Japan Naphtha (Platts) BALMO Swap Futures contract shall be deemed equivalent to .10 of the quantity of the respective base contract into which it aggregates. 

       

      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. 


      NYMEX Rulebook Chapter 5 Position Limit Table

       (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

       

       

       

       

       

       

       

       

      Asia/Pacific

       

       

       

       

       

       

       

       

      Japan

       

       

       

       

       

       

       

       

       

      Mini Japan Naphtha (Platts) BALMO Swap Futures

      1062

      E6M

      *

      1,000

      1,000

      100

      25

      JA

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      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 base contract into which it aggregates:

       

      Mini Japan Naphtha (Platts) BALMO Swap Futures