• Large Trader Requirements, Initial Spot-Month Limits, All Month/Single Month Accountability Levels, Reporting Levels, and Spot Month Aggregation Allocations for Eight (8) New Western Electricity Futures Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6855
      • Notice Date
      • 26 September 2013
      • Effective Date
      • 30 September 2013
    • In connection with the launch of eight (8) new Western electricity futures contracts on trade date September 30, 2013 (see SER-6831R dated September 16, 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 30, 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 Aggre-gate Into Futures Equiva-lent Leg (1)
      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
       
      Mid-Columbia Day-Ahead Peak Calendar-Month 5 MW Futures
      935
      MDC
      MDC
      3,050
      6,000
      12,000
      25
       
      Mid-Columbia Day-Ahead Peak Calendar-Day MW Futures
      936
      MDA
      MDC
      3,050
      6,000
      12,000
      25
       
      Mid-Columbia Day-Ahead Off-Peak Calendar-Month 5 MW Futures
      937
      OMC
      OMC
      35,600
      75,000
      150,000
      25
       
      Mid-Columbia Day-Ahead Off-Peak Calendar-Day 5 MW Futures
      938
      MXO
      OMC
      35,600
      75,000
      150,000
      25
       
      Palo Verde Day-Ahead Peak Calendar-Month 5 MW Futures
      939
      PVD
      PVD
      4,800
      10,000
      20,000
      25
       
      Palo Verde Day-Ahead Peak Calendar-Day 5 MW Futures
      940
      VDP
      PVD
      4,800
      10,000
      20,000
      25
       
      Palo Verde Day-Ahead Off-Peak Calendar-Month 5 MW Futures
      941
      OVD
      OVD
      55,700
      100,000
      200,000
      25
       
      Palo Verde Day-Ahead Off-Peak Calendar-Day 5 MW Futures
      942
      QVD
      OVD
      55,700
      100,000
      200,000
      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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