• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Aggregation Allocations for Three (3) New Brent Crude Oil Swap Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5973
      • Notice Date
      • 14 October 2011
      • Effective Date
      • 17 October 2011
    • In connection with the launch of three (3) new Brent Crude Oi;Swap Futures contracts on trade date October 17, 2011 (see SER-5965 dated October 6, 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.

       


      NYMEX Rulebook Chapter 5 Position Limit Table

      (Bold/underlining indicates additions.)

       

      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

      Petroleum

       

       

       

       

       

       

       

      Europe

       

       

       

       

       

       

       

      Northwest Europe

       

       

       

       

       

       

       

       

      Brent CFD (Platts) vs. Brent Front Month (Platts) Weekly Swap Futures

      1144

      CFA

      5,000

      5,000

      2,000

      25

      CFA

       

      Brent CFD (Platts) vs. Brent Second Month (Platts) Weekly Swap Futures

      1145

      CFB

      5,000

      5,000

      2,000

      25

      CFB

       

      Brent CFD (Platts) vs. Brent Third Month (Platts) Weekly Swap Futures

      1146

      CFC

      5,000

      5,000

      2,000

      25

      CFC