• Large Trader Requirements, Initial Spot-Month Limits, All Month/Single Month Accountability Levels, Reporting Levels, and Spot Month Aggregation Allocations for Seven (7) New Low Sulphur Gasoil-based Futures and Options Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6729
      • Notice Date
      • 27 June 2013
      • Effective Date
      • 01 July 2013
    • In connection with the launch of seven (7) new Low Sulphur Gasoil-based futures and options contracts on trade date July 1, 2013 (see SER-6672 dated June 17, 2013), please note below the corresponding all month/single month accountability levels (NYMEX Rule 560), initial spot month position limits (NYMEX Rule 559), reportable levels (NYMEXRule 561), and spot month aggregation allocations for the new contracts. Effective trade date July 1, 2013, and pending all relevant CFTC regulatory review periods, the terms and conditions for these contracts 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.
       
      The commodity codes are provided for the Clearing Members that file reports pursuant to NYMEX Rule 561.A in a machine-readable format. 
       

      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)
      Single Month Account-ability Level Leg (1) / Leg (2)
      All Month Account-ability Level Leg (1) / Leg (2)
      Report-ing Level
       
      Low Sulphur Gasoil (100mt) Calendar Month Futures
      309
      LSM
      LSP
      10,000
      50,000
      70,000
      25
       
      Low Sulphur Gasoil (100mt) Penultimate Day Futures
      362
      LSP
      LSP
      10,000
      50,000
      70,000
      25
      Low Sulphur Gasoil Average Price Option
      252
      LSO
      LSP
      10,000
      50,000
      70,000
      25

       


       

       
      European Diesel 10ppm Barges FOB Rdam (Platts) vs. Low Sulphur Gasoil Futures
      251
      LSE
      GT
      500/ 10,000
      5,000/ 70,000
      5,000/ 70,000
      25
       
      ULSD 10ppm Cargoes CIF NWE (Platts) vs. Low Sulphur Gasoil Futures
      361
      LSU
      TY
      150/ 10,000
      500/ 70,000
      1,000/ 70,000
      25
       
      Singapore Gasoil (Platts) vs. Low Sulphur Gasoil Futures
      295
      LSS
      SG
      1,000/ 10,000
      5,000/ 70,000
      5,000/ 70,000
      25
       
      ULSD 10ppm Cargoes CIF Med (Platts) Futures vs. Low Sulphur Gasoil Futures
      372
      LSL
      Z6
      500/ 10,000
      5,000/ 70,000
      5,000/ 70,000
      25

       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
      Please refer questions on this subject to:
      Market Surveillance
      Chris Reinhardt                                      Chris.Reinhardt@cmegroup.com                        (212) 299-2882
      Ryne Toscano                                       Ryne.Toscano@cmegroup.com                          (212) 299-2879

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