• Large Trader Requirement and Expiration Accountability Level for the New Cleared OTC London Silver Forwards (cash margin) Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6340
      • Notice Date
      • 02 August 2012
      • Effective Date
      • 06 August 2012
    • In connection with the launch of the new Cleared OTC London Silver Forwards (cash margin) contract on trade date August 6, 2012 (see SER-6225 dated July 17, 2012), please note below the corresponding expiration accountability level (NYMEX Rule 559), reportable level (NYMEX Rule 561), and aggregation allocation for the new contract. This contract 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 code is 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
      All Month Account-ability Level
      Any One Month Account-ability Level
      Expira-tion Month Limit
      Expiration Account-ability Level
      Report-ing Level
      Aggre-gate Into (1)
       
       
       
      Rule 560
      Rule 560
      Rule 559
      Rule 559
      Rule 561
       
      Metals
       
       
       
       
       
       
       
       
      USA
       
       
       
       
       
       
       
       
      Cleared OTC London Silver Forwards (cash margin)
      1083
      LSF
       
         
      50,000
      25
      LSF