• Large Trader Requirements, All Month/Any One Month Account-ability Levels, Expiration Month Position Limits, Diminishing Balances and Aggregation Allocations for Two (2) New Freight Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5757
      • Notice Date
      • 12 May 2011
      • Effective Date
      • 16 May 2011
    • In connection with the launch of two (2) new freight contracts on trade date May 16, 2011 (see SER-5750 dated May 3, 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. 

       

      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

      Expira-tion Account-ability Level Last Day Con-tracts

      Report-ing Level

      Aggre-gate Into (1)

      Rule 560

      Rule 560

      Rule 559

      Rule 560

      Rule 561

      Tanker Indices

       

       

       

       

       

       

       

       

       

      Clean Tanker Index

       

       

       

       

       

       

       

       

       

       

      Freight Route TC12 (Baltic) Swap Futures

      522

      FRS

      *

      5,000

      5,000

      500

      25

      FRS

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      Clean Tanker Forwards

       

       

       

       

       

       

       

       

       

       

      Freight Route TC12 (Baltic) Forward

      530

      FRB

      *

      2,500

      2,500

      500

      25

      FRB