• Large Trader Requirement, Initial Spot-Month Limit, All Month/Single Month Accountability Levels, Reporting Level, and Spot Month Aggregation Allocation for the New PJM Daily Load Forecast Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6803
      • Notice Date
      • 22 August 2013
      • Effective Date
      • 26 August 2013
    • In connection with the launch of the new PJM Daily Load Forecast futures contract on trade date August 26, 2013 (see SER-6771R dated August 7, 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 (NYMEXRule 561), and spot month aggregation allocation for the new contract. Effective trade date August 26, 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.
      The commodity code is 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
      PJM Daily Load Forecast Futures

      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