• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Aggregation Allocations for Four (4) New Coal Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5728
      • Notice Date
      • 06 July 2011
      • Effective Date
      • 11 July 2011
    • In connection with the launch of four (4) new coal option contracts on trade date July 11, 2011 (see SER-5817 dated June 23, 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 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 Chris Reinhardt, Associate Director, Market Surveillance, at 212.299.2882, and Ryne Toscano, Supervisor, Market Surveillance, at 212.299.2879.

       

       

      (Bold/underlining indicates additions)

      NYMEX Chapter 5 Position Limit Table

       

      Contract Name

      Rule Chap-ter

      Com-modity Code

      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

       

      Coal

       

       

       

       

       

       

       

       

      Coal (API 2) cif ARA (ARGUS-McCloskey) Option on Quarterly Futures Strip

      909

      CQA

      7,000

      7,000

      3,500

      25

      MTF

       


       

       

      Coal (API 2) cif ARA (ARGUS- McCloskey) Option on Calendar Futures Strip

      910

      CLA

      7,000

      7,000

      3,500

      25

      MTF

       

      Coal (API 4) fob Richards Bay (ARGUS- McCloskey) Option on Quarterly Futures Strip

      917

      RQA

      5,000

      5,000

      2,500

      25

      MFF

       

      Coal (API 4) fob Richards Bay (ARGUS- McCloskey) Option on Calendar Futures Strip

      918

      RLA

      5,000

      5,000

      2,500

      25

      MFF