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Large Trader Requirements, All Month/Any One Month Account-ability Levels, Expiration Month Position Limits, Diminishing Balances and Aggregation Allocations for Twelve (12) New Petroleum Swap Futures Contracts
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- To
- Members, Member Firms and Market Users
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- From
- Market Regulation Department
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- SER-5804
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- Notice Date
- 17 June 2011
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- Effective Date
- 20 June 2011
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In connection with the launch of twelve (12) new petroleum swap futures contracts on trade date June 20, 2011 (see SER-5787 dated June 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.
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)
Aggre-gate Into (2)
Rule 560
Rule 560
Rule 559
Rule 561
Petroleum
USA
Gulf Coast
Gulf Coast Unl 87 Gasoline M2 (Platts) vs. RBOB BALMO Swap Futures
1089
GBB
*
10,000/ 7,000
10,000/ 5,000
2,000/ 1,000
25
GCM
27
Gulf Coast ULSD (Argus) Up-Down BALMO Swap Futures
1100
GUD
*
10,000/ 7,000
10,000/ 5,000
1,000/ 1,000
25
AJ
23
Gulf Coast No.6 Fuel Oil 3.0% (Platts) vs. Brent Crack Spread Swap Futures
1098
GCI
*
10,000/ 20,000
10,000/ 20,000
1,000/ 2,000
25
MF
BZ
Gulf Coast Unl 87 Gasoline M2 (Argus) Swap Futures
1102
UGG
*
10,000
10,000
2,000
25
GCM
Gulf Coast Unl 87 Gasoline M2 (Argus) vs. RBOB Spread Swap Futures
1101
RBG
*
10,000/ 7,000
10,000/ 5,000
2,000/ 1,000
25
GCM
27
Gulf Coast Jet (Argus) Up-Down BALMO Swap Futures
1099
GBA
*
7,000/ 7,000
7,000/ 5,000
1,000/ 1,000
25
AF
23
New York Harbor
NY 0.7% Fuel Oil vs. NY 1.0% Fuel Oil (Platts) Swap Futures
1088
NYI
*
2,000/ 10,000
2,000/ 10,000
300/ 1,000
25
Y4
MM
NY 2.2% Fuel Oil vs. Gulf Coast No. 6 Fuel Oil 3.0% (Platts) Swap Futures
1087
NYC
*
2,000/ 10,000
2,000/ 10,000
300/ 1,000
25
Y3
MF
NY 3.0% Fuel Oil vs. Gulf Coast No. 6 Fuel Oil 3.0% (Platts) Swap Futures
1086
FOC
*
2,000/ 10,000
2,000/ 10,000
300/ 1,000
25
H1
MF
Heating Oil vs. Brent Crack Spread Swap Futures
1097
HOB
*
7,000/ 20,000
5,000/ 20,000
1,000/ 2,000
25
23
BZ
RBOB Gasoline vs. Brent Crack Spread Swap Futures
1096
RBB
*
7,000/ 20,000
5,000/ 20,000
1,000/ 2,000
25
27
BZ
Europe
Northwest Europe
RBOB Gasoline vs. Euro-bob Oxy (Argus) NWE Barges (1000mt) Swap Futures
1090
EXR
*
7,000/ 3,500
5,000/ 2,500
1,000/ 500
25
27
7H
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