• Large Trader Requirements, Single Month/All Month Position Limits, Reporting Level, and Single Month/All Month Spot Month Aggregation Allocations for the listing of additional non-consecutive Grain and Oilseed Calendar Spread Options (CSO) contracts.

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6895
      • Notice Date
      • 08 November 2013
      • Effective Date
      • 11 November 2013
    • In connection with the listing of the new non-consecutive grain and oilseed Calendar Spread Options (CSO) on the Chicago Board of Trade (CBOT or Exchange) on trade date Monday, November 11, 2013, please note below the corresponding single month/all month limits, reporting level, and single month/all month aggregation allocations for the new CSOs. Effective trade date November 11, 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 codes are provided for the Clearing Members that file reports pursuant to CBOT Rule 561.A in a machine-readable format. 
       
      Contract Name
      Rule Chapter
      Commodity Code
      Reporting Level
      Single Month Limit Aggregate Into Futures Equivalent Leg (1)
      Single Month Aggregate Ratio Into Leg (1)
      Single Month Limit (In Net Futures Equivalents) Leg (1) / Leg (2)
      All Month Limit Aggregate Into Futures Equivalent Leg (1)
      All Month Aggregate Ratio Into Futures Equivalents Leg (1)
      All Month Limit (In Net Futures Equivalents) Leg (1) / Leg (2)
      Corn Calendar Spread Options - MAR-JUL
      10J
      7CC
      250
      C
      1 7CC : 1 C
      33,000
      C
      1 7CC : 1 C
      33,000
      Corn Calendar Spread Options - MAR-DEC
      10J
      3CC
      250
      C
      1 3CC : 1 C
      33,000
      C
      1 3CC : 1 C
      33,000
      Soybean Calendar Spread Options - JAN-MAR
      11E
      S8C
      150
      S
      1 S8C : 1 S
      15,000
      S
      1 S8C : 1 S
      15,000
      Soybean Calendar Spread Options - MAR-NOV
      11E
      SC0
      150
      S
      1 SC0 : 1 S
      15,000
      S
      1 SC0 : 1 S
      15,000
      Soybean Calendar Spread Options - JUL-JUL
      11E
      SC1
      150
      S
      1 SC1 : 1 S
      15,000
      S
      1 SC1 : 1 S
      15,000
      Soybean Calendar Spread Options - NOV-MAR
      11E
      SC3
      150
      S
      1 SC3 : 1 S
      15,000
      S
      1 SC3 : 1 S
      15,000
      Soybean Oil Calendar Spread Options - AUG-DEC
      12B
      OC4
      200
      07
      1 OC4 : 1 07
      8,000
      07
      1 OC4 : 1 07
      8,000
      Soybean Oil Calendar Spread Options - SEP-DEC
      12B
      OC5
      200
      07
      1 OC5 : 1 07
      8,000
      07
      1 OC5 : 1 07
      8,000
      Soybean Oil Calendar Spread Options - DEC-JUL
      12B
      OC3
      200
      07
      1 OC3 : 1 07
      8,000
      07
      1 OC3 : 1 07
      8,000
      Soybean Meal Calendar Spread Options - AUG-DEC
      13B
      SM4
      200
      06
      1 SM4 : 1 06
      6,500
      06
      1 SM4 : 1 06
      6,500
      Soybean Meal Calendar Spread Options - SEP-DEC
      13B
      SM5
      200
      06
      1 SM5 : 1 06
      6,500
      06
      1 SM5 : 1 06
      6,500
      Soybean Meal Calendar Spread Options - DEC-JUL
      13B
      SM3
      200
      06
      1 SM3 : 1 06
      6,500
      06
      1 SM3 : 1 06
      6,500
      Wheat Calendar Spread Options - MAR-JUL
      14D
      CW3
      150
      W
      1 CW3 : 1 W
      12,000
      W
      1 CW3 : 1 W
      12,000
       
       
       
       
       
       
       
      Please refer questions on this subject to:
      Market Surveillance
      Sandra Valtierra             Sandra.Valtierra@cmegroup.com                       (312) 347-4137

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