• Large Trader Requirements, Initial Spot-Month Limits, All Month/Single Month Accountability Levels, Reporting Levels, and Spot Month Aggregation Allocations for Five (5) New Transco Fixed Price Natural Gas Futures Contracts, and Amendments to Eleven (11) Existing Related Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6845
      • Notice Date
      • 20 September 2013
      • Effective Date
      • 23 September 2013
    • In connection with the launch of five (5) new Transco Fixed Price Natural Gas futures contracts on trade date September 23, 2013 (see SER-6818 dated August 28, 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 September 23, 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. 
       
      Additional administrative amendments were made to the all month/single month accountability levels, initial spot month position limits, and aggregation allocations of eleven (11) existing related natural gas futures and option contracts that were affected by the launch of the new contracts.  
       
       
       
      (Bold/underline indicates additions, strikethrough indicates deletions.)
       

      Contract Name
      Rule Chap-ter
      Com-modity Code
      Spot-Month Aggre-gate Into Futures Equiva-lent Leg (1)
      Spot-Month Aggre-gate Into Futures Equiva-lent Leg (2)
      Initial Spot-Month Limit (In Net Futures Equiva-lents) Leg (1) / Leg (2)
      Single Month Account-ability Level Leg (1) / Leg (2)
      All Month Account-ability Level Leg (1) / Leg (2)
      Report-ing Level
       
      Transco Zone 1 Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      442
      C4
      X4
      8E XZ1
      100/500 4,000
      500/ 5,000
      750/ 7,000
      25

       


       

       
      Transco Zone 1 Natural Gas (Platts IFERC) Basis Futures
      435
      8E
      8E XZ1
       
      500 4,000
      5,000
      7,000
      25
       
      Transco Zone 1
      Natural Gas (Platts IFERC) Fixed Price Futures
      1289
      XZ1
      XZ1
       
      4,000
      5,000
      7,000
      25
       
      Transco Zone 3 Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      880
      Y6
      T6
      CZ XZ3
      300/ 1,000 11,000
      2,000/ 10,000 15,000
      3,000/ 10,000 15,000
      25
       
      Transco Zone 3 Natural Gas (Platts IFERC) Basis Futures
      639
      CZ
      CZ XZ3
       
      1000 11,000
      10000 15,000
      10000 15,000
      175
       
      Transco Zone 3 Natural Gas (Platts IFERC) Fixed Price Futures
      1291
      XZ3
      XZ3
       
      11,000
      15,000
      15,000
      25
       
      Transco Zone 4 Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      448
      B2
      J3
      TR XZ4
      500/500 4,000
      2,500/ 10,000
      3,500/ 10,000
      25
       
      Transco Zone 4 Natural Gas (Platts IFERC) Basis Futures
      805
      TR
      TR XZ4
       
      500 4,000
      10,000
      10,000
      25
       
      Transco Zone 4 Natural Gas (Platts IFERC) Fixed Price Futures
      1292
      XZ4
      XZ4
       
      4,000
      10,000
      10,000
      25
       
      Transco Zone 6 Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      799
      IT
      ST
      NZ XZ
      1,500/1,500 4,900
      10,000/ 10,000
      10,000/ 10,000
      25
       
      Transco Zone 6 Natural Gas (Platts IFERC) "Pipe" Option
      521A
      TZ
      NZ XZ
       
      1500 4,900
      10,000
      10,000
      25

       

       
      Transco Zone 6 Natural Gas (Platts IFERC) Basis Futures
      521
      NZ
      NZ XZ
       
      1500 4,900
      10,000
      10,000
      25
       
      Transco Zone 6 Natural Gas (Platts IFERC) Fixed Price Futures
      1296
      XZ
      XZ
       
      4,900
      10,000
      10,000
      25
       
      Transco Zone 6 Non-N.Y. Natural Gas (Platts Gas Daily/Platts IFERC)
      Index Futures
      1293
      TZI
      TZS
      TZ6 XZ6
      150/5,000 6,000
      2,000/ 10,000
      5,000/ 10,000
      25
       
      Transco Zone 6 Non-N.Y. Natural Gas (Platts IFERC) Basis Futures
      1295
      TZ6
      TZ6 XZ6
       
      5000 6,000
      10,000
      10,000
      25
       
      Transco Zone 6 Non-N.Y. Natural Gas (Platts IFERC) Fixed Price Futures
      1294
      XZ6
      XZ6
       
      6,000
      10,000
      10,000
      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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