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 |
121 |
SIL |
SI |
1,500 |
6,000 |
6,000 |
25 |
Please refer questions on this subject to:
Market Surveillance
Chris Reinhardt
Ryne Toscano
Chris.Reinhardt@cmegroup.com (212) 299-2882Ryne.Toscano@cmegroup.com (212) 299-2879The commodity code is provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format.