• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, and Aggregation Allocations for Two (2) Midwest ISO Michigan Hub Electricity Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6172
      • Notice Date
      • 22 March 2012
      • Effective Date
      • 26 March 2012
    • In connection with the launch of two (2) new Midwest ISO Michigan Hub Electricity Futures contracts on trade date March 26, 2012 (see SER-6155 dated March 8, 2012), 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
       
      Electricity
       
       
       
       
       
       
       
      Midwest Independent Transmission System Operator, Inc. (MISO)
       
       
       
       
       
       
       
       
      Midwest ISO Michigan Hub 5 MW Peak Calendar-Month Day-Ahead Swap Futures
      1134
      HMW
      1,750
      1,250
      250
      25
      HMW
       
      Midwest ISO Michigan Hub 5 MW Off-Peak Calendar-Month Day-Ahead Swap Futures
      1135
      HMO
      31,500
      22,500
      4,500
      25
      HMO

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