• Large Trader Requirements, Spot Month Limit, Single Month/All Month Limit, Reporting Level, and Spot Month/Single Month/All Month Aggregation Allocations for Kansas City Wheat Futures and Option Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6893
      • Notice Date
      • 12 December 2013
      • Effective Date
      • 16 December 2013
    • In connection with the migration of the eleven Kansas City Board of Trade (KCBT) Wheat futures and option contracts from the Kansas City Board of Trade designated contract market to the Chicago Board of Trade (CBOT) designated contract market on trade date Monday, December 16, 2013, please note below the corresponding spot month, single month and all month limits, reporting level, and spot month, single month and all month aggregation allocations for the eleven contracts. Effective trade date Monday, December 16, 2013, and pending all relevant CFTC regulatory review periods, the terms and conditions for these contracts will be inserted in the CBOT Position Limit Position Accountability and Reportable Level Table located in the Interpretations and Special Notices Section of Chapter 5 of the CBOT Rulebook, as noted below.
      The commodity code is provided for the Clearing Members that file reports pursuant to CBOT Rule 561.A in a machine-readable format. 
       
       

      Contract Name
      Commodity Code
      Spot Month Position Comprised of Futures and Deliveries
      Spot-Month Aggregate Into Futures Equivalent Leg (1)
      Initial Spot-Month Limit (In Net Futures Equivalents) Leg (1)/ Leg (2)
      Single Month Aggregate Into Futures Equivalent Leg (1)
      Single Month Aggregate Into Futures Equivalent Leg (2)
      Single Month Limit (In Net Futures Equivalents) Leg (1) / Leg (2)
      All Month Limit Aggregate Into Futures Equivalent Leg (1)
      All Month Limit Aggregate Into Futures Equivalent Leg (2)
      All Month Limit (In Net Futures Equivalents) Leg (1) / Leg (2)
      KC HRW Wheat Futures
      KW
      For position limit purposes, spot month position comprised of futures and deliveries.
      KW
      600
      KW
       
      12,000
      KW
       
      12,000
      Options on Contracts of Sale on KC Hard Red Winter Wheat Futures
      KW
       
       
       
      KW
       
      12,000
      KW
       
      12,000
      KC HRW Wheat Weekly Options - week 1
      OK1
       
       
       
      KW
       
      12,000
      KW
       
      12,000
      KC HRW Wheat Weekly Options - week 2
      OK2
       
       
       
      KW
       
      12,000
      KW
       
      12,000
      KC HRW Wheat Weekly Options - week 3
      OK3
       
       
       
      KW
       
      12,000
      KW
       
      12,000
      KC HRW Wheat Weekly Options - week 4
      OK4
       
       
       
      KW
       
      12,000
      KW
       
      12,000
      KC HRW Wheat Weekly Options - week 5
      OK5
       
       
       
      KW
       
      12,000
      KW
       
      12,000
      Short Dated Options on New Crop KC HRW Wheat Futures
      KWO
       
       
       
      KW
       
      12,000
      KW
       
      12,000
      KC HRW Wheat Calendar Swaps (Clearing Only)
      KWS
       
       
       
      KWS
       
      12,000
      KWS
       
      12,000
      AUD KC Hard Red Winter Wheat Swap (Cleared Only)
      KAW
       
      KW
      600
      KW
       
      12,000
      KW
       
      12,000
      MGEX-KC HRW Wheat Intercommodity Spread Options
      MKW
       
       
       
      MKW
      KW
      12,000/12,000
      MKW
      KW
      12,000/12,000

       
       
      Please refer questions on this subject to:
      Market Surveillance
      Sandra Valtierra             Sandra.Valtierra@cmegroup.com                       (312) 347-4137
      William Lange                William.Lange@cmegroup.com                          (312) 341-7757
       

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