• Large Trader Requirements, Initial Spot-Month Limit, All Month/Single Month Accountability Levels, Reporting Level, and Spot Month Aggregation Allocation for the New 1,000-oz. Silver Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6710
      • Notice Date
      • 13 June 2013
      • Effective Date
      • 17 June 2013
    • In connection with the launch of the new 1,000-oz. Silver futures contract on trade date June 17, 2013 (see SER-6658 dated May 17, 2013), please note below the corresponding all month/single month accountability levels (NYMEX Rule 560), initial spot month position limit (NYMEX Rule 559), reportable level (NYMEX

      Rule 561), and spot month aggregation allocation for the new contract. Effective trade date June 17, 2013, and pending all relevant CFTC regulatory review periods, the terms and conditions for this contract will be inserted into the NYMEX Position Limit, Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the NYMEX Rulebook, as noted below.

      Contract Name

      Rule Chap-ter

      Com-modity Code

      Spot-Month Aggregate Into Futures Equivalent Leg (1)

      Initial Spot-Month Limit (In Net Futures Equiva-lents)

      All Month Account-ability Level

      Single Month Account-ability Level

      Report-ing Level

      1,000-oz. Silver Futures








      Please refer questions on this subject to:

      Market Surveillance

      Chris Reinhardt

      Ryne Toscano

      Chris.Reinhardt@cmegroup.com (212) 299-2882Ryne.Toscano@cmegroup.com (212) 299-2879

      The commodity code is provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format.