• Large Trader Requirements, All Month/Any One Month Accountability Levels, Expiration Month Position Limits, Diminishing Balances and Aggregation Allocations for the New Asian Gasoline and Naphtha Average Price Options Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6302
      • Notice Date
      • 28 June 2012
      • Effective Date
      • 02 July 2012
    • In connection with the launch of the new Asian Gasoline and Naphtha Average Price Options contracts on trade date July 2, 2012 (see SER-6277 dated June 14, 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), 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, 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)
       
       
       
       
      Rule 560
      Rule 560
      Rule 559
      Rule 561
       
      Petroleum
       
       
       
       
       
       
       
       
      Asia/Pacific
       
       
       
       
       
       
       
       
      Japan
       
       
       
       
       
       
       
       
       
      Japan C&F Naphtha (Platts) Average Price Option
      1246
      JA5
      *
      1,000
      1,000
      100
      25
      JA
      Singapore
       
       
       
       
       
       
       
       
       
      Singapore Mogas 92 Unleaded (Platts) Average Price Option
      1245
      1N5
      *
      7,000
      5,000
      1,000
      25
      1N