• Administrative Amendments to the Position Limit, Position Accountability and Reportable Level Table in Chapter 5 of the NYMEX Rulebook for Twenty (20) Natural Gas Futures and Options Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5847
      • Notice Date
      • 15 July 2011
      • Effective Date
      • 15 July 2011
    • Based on a review of deliverable supply, the New York Mercantile Exchange, Inc. (“NYMEX”) is increasing the expiration month position limit for twenty (20) natural gas futures and options contracts. The NYMEX Chapter 5, Position Limit, Position Accountability and Reportable Level Table will be updated accordingly. These changes will be effective on trade date Friday, July 15, 2011.      
       
      Contract related questions can be directed to Chris Reinhardt, Associate Director, Market Surveillance, at 212.299.2882, and Ryne Toscano, Lead Market Surveillance Analyst, at 212.299.2879.
       
       
       

      NYMEX Chapter 5 Position Limit Table
       (Bold/underlining indicates additions; strikethrough indicates deletions.)
       

      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)
      Aggre-gate Into (2)
           
      Rule 560
      Rule 560
      Rule 559
      Rule 561
         
      Natural Gas
       
       
       
       
       
       
       
       
      Inside FERC
       
       
       
       
       
       
       
       
      California
       
       
       
       
       
       
       
       
       
      PG&E Citygate Basis Swap (Platts IFERC) Futures
      624
      PC
      10,000
      10,000
      2,000 5,000
      175
      PC
       
       
      PG&E Citygate "Pipe" (Platts IFERC) Option
      624A
      CW
      10,000
      10,000
      2,000 5,000
      25
      PC
       
       
      PG&E Citygate Natural Gas Index Swap (Platt Gas Daily / IFERC) Futures
      792
      IK
      10,000/ 10,000
      10,000/ 10,000
      2,000/ 2,000 5,000
      25
      SK
      PC
       
      SoCal Basis Swap (Platts IFERC) Futures
      520
      NS
      10,000
      10,000
      2,000 12,500
      25
      NS
       
       
      SoCal "Pipe" (Platts IFERC) Option
      520A
      ZN
      10,000
      10,000
      2,000 12,500
      25
      NS
       
       
      SoCal Basis (Platts IFERC) Option
      520B
      5M
      10,000
      10,000
      2,000 12,500
      25
      NS
       
       
      SoCal Natural Gas Index Swap (Platt Gas Daily / IFERC) Futures
      793
      IF
      10,000/ 10,000
      10,000/ 10,000
      2,000/ 2,000 12,500
      25
      SF
      NS

       

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       

      East Texas

       
       
       
       
       
       
       
       
       
       
      Houston Ship Channel Basis Swap (Platts IFERC) Futures
      518
      NH
      10,000
      10,000
      2,000 7,500
      25
      NH
       
       
      Houston Ship Channel Basis (Platts IFERC) Option
      518B
      5F
      10,000
      10,000
      2,000 7,500
      25
      NH
       
       
      Houston Ship Channel Natural Gas Index (Platts Gas Daily / Platts IFERC) Futures
      703
      IP
      10,000/ 10,000
      10,000/ 10,000
      2,000/ 2,000 7,500
      25
      SM
      NH
      Northwest Pipeline Corp.
       
       
       
       
       
       
       
       
       
      Rockies Basis Swap (Platts IFERC) Futures
      524
      NR
      10,000
      10,000
      2,000 7,500
      25
      NR
       
       
      Rockies Basis (Platts IFERC) Option
      524B
      5I
      10,000
      10,000
      2,000 7,500
      25
      NR
       
       
      Rockies Natural Gas Index Swap (Platt Gas Daily/Platts IFERC) Futures
      795
      IR
      10,000/ 10,000
      10,000/ 10,000
      2,000/ 2,000 7,500
      25
      SR
      NR
      Upper Midwest
       
       
       
       
       
       
       
       
       
      Chicago Basis Swap (Platts IFERC) Futures 
      517
      NB
      10,000
      10,000
      2,000 5,000
      175
      NB
       
       
      Chicago "Pipe" (Platts IFERC) Option
      517A
      PY
      10,000
      10,000
      2,000 5,000
      25
      NB
       
       
      Chicago Natural Gas Index (Platts Gas Daily / IFERC) Futures
      700
      IS
      10,000/ 10,000
      10,000/ 10,000
      10,000/ 2,000 5,000
      25
      SS
      NB

       

       

       

      West Texas

       
       
       
       
       
       
       
       
       
       
      Waha Basis Swap (Platts IFERC) Futures
      634
      NW
      10,000
      10,000
      2,000 5,000
      175
      NW
       
       
      Waha Basis (Platts IFERC) Option
      634B
      5O
      10,000
      10,000
      2,000 5,000
      175
      NW
       
       
      Waha Natural Gas Index (Platts Gas Daily / Platts IFERC) Futures
      705
      IY
      10,000/ 10,000
      10,000/ 10,000
      10,000/ 2,000 5,000
      25
      SY
      NW
      Platts
       
       
       
       
       
       
       
       
      Rockies
       
       
       
       
       
       
       
       
       
      Rockies "Pipe" (Platts IFERC) Option
      524A
      ZR
      10,000
      10,000
      2,000 7,500
      25
      NR