• Large Trader Requirement, All Month/Any One Month Accountability Levels, Expiration Month Position Limit, and Aggregation Allocation for the New US Midwest #1 Busheling Ferrous Scrap (AMM) Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6376
      • Notice Date
      • 29 August 2012
      • Effective Date
      • 10 September 2012
    •  
      In connection with the launch of the new US Midwest #1 Busheling Ferrous Scrap (AMM) Futures contract on trade date September 10, 2012 (see SER-6348 dated August 17, 2012), please note below the corresponding all month/any one month accountability levels (NYMEX Rule 560), expiration month position limit (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
      Report-ing Level
      Aggre-gate Into (1)
       
       
       
      Rule 560
      Rule 560
      Rule 559
      Rule 561
       
      Metals
       
       
       
       
       
       
       
      US Midwest #1 Busheling Ferrous Scrap (AMM) Futures
      601
      BUS
      68,000
      68,000
      17,000
      25
      BUS