• Large Trader Requirements, Initial Spot-Month Limits, All Month/Single Month Accountability Levels, Reporting Levels, and Spot Month Aggregation Allocations for Ten (10) New Natural Gas Fixed Price Futures Contracts, and Amendments to the Aggregation Allocations of Nineteen (19) Existing Related Contracts

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6901
      • Notice Date
      • 07 November 2013
      • Effective Date
      • 11 November 2013
    • In connection with the launch of ten (10) new natural gas fixed price futures contracts on trade date November 11, 2013 (see SER-6871R dated October 22, 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 November 11, 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 aggregation allocations of nineteen (19) existing related natural gas futures 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)
      All Month Aggre-gate Into Futures Equiva-lent Leg (2)
      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
      ANR, Louisiana Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      454
      M6
      K6
      ND DAR
      500/ 4,000
      2,500/ 10,000
      3,500/ 10,000
      25

       


       

       
      ANR, Louisiana Natural Gas (Platts IFERC) Basis Futures
      767
      ND
      ND DAR
       
      4,000
      10,000
      10,000
      25
       
      ANR, Louisiana Natural Gas (Platts IFERC) Fixed Price Futures
      1031
      DAR
      DAR
       
      4,000
      10,000
      10,000
      25
       
      ANR, Oklahoma Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      809
      IQ
      SQ
      NE DAL
      500/ 4,000
      10,000/ 10,000
      10,000/ 10,000
      25
       
      ANR, Oklahoma Natural Gas (Platts IFERC) Basis Futures
      627
      NE
      NE DAL
       
      4,000
      10,000
      10,000
      175
       
      ANR, Oklahoma Natural Gas (Platts IFERC) Fixed Price Futures
      1032
      DAL
      DAL
       
      4,000
      10,000
      10,000
      25
       
      Center Point Natural Gas (Platts IFERC) Fixed Price Futures
      1024
      DAC
      DAC
       
      1,000
      10,000
      10,000
      25
       
      CenterPoint Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      810
      II
      VX
      PW DAC
      2,000/ 1,000
      10,000/ 10,000
      10,000/ 10,000
      25
       
      CenterPoint Natural Gas (Platts IFERC) Basis Futures
      807
      PW
      PW DAC
       
      1,000
      10,000
      10,000
      25
       
      Columbia Gulf, Mainline Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      444
      L2
      X2
      5Z DCE
      900/ 12,000
      4,500/ 15,000
      6,000/ 15,000
      25

       


       

       
      Columbia Gulf, Mainline Natural Gas (Platts IFERC) Basis Futures
      428
      5Z
      5Z DCE
       
      12,000
      15,000
      15,000
      25
       
      Columbia Gulf, Mainline Natural Gas (Platts IFERC) Fixed Price Futures
      1026
      DCE
      DCE
       
      12,000
      15,000
      15,000
      25
       
      Demarc Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      812
      DI
      DT
      PE DNP
      1,000/ 7,000
      10,000/ 10,000
      10,000/ 10,000
      25
       
      Demarc Natural Gas (Platts IFERC) Basis Futures
      630
      PE
      PE DNP
       
      7,000
      10,000
      10,000
      175
       
      Demarc Natural Gas (Platts IFERC) Fixed Price Futures
      1028
      DNP
      DNP
       
      7,000
      10,000
      10,000
      25
       
      Kern River Natural Gas (Platts IFERC) Basis Futures
      768
      NV
      NV DFE
       
      5,200
      10,000
      10,000
      25
       
      Kern River Natural Gas (Platts IFERC) Fixed Price Futures
      1023
      DFE
      DFE
       
      5,200
      10,000
      10,000
      25
       
      Malin Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      389
      V8
      W9
      PB DML
      250/ 4,400
      1,000/ 10,000
      1,500/ 10,000
      25
      Malin Natural Gas (Platts IFERC) Basis Futures
      623
      PB
      PB DML
       
      4,400
      10,000
      10,000
      25
       
      Malin Natural Gas (Platts IFERC) Fixed Price Futures
      1025
      DML
      DML
       
      4,400
      10,000
      10,000
      25

       


       

       
      NGPL STX Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      456
      N6
      Q7
      T5 DNS
      500/ 4,100
      2,500/ 10,000
      3,500/ 10,000
      25
       
      NGPL STX Natural Gas (Platts IFERC) Basis Futures
      875
      T5
      T5 DNS
       
      4,100
      10,000
      10,000
      25
       
      NGPL STX Natural Gas (Platts IFERC) Fixed Price Futures
      1027
      DNS
      DNS
       
      4,100
      10,000
      10,000
      25
       
      Sumas Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      797
      IU
      SU
      NK DVS
      1,000/ 5,000
      10,000/ 10,000
      10,000/ 10,000
      25
       
      Sumas Natural Gas (Platts IFERC) Basis Futures
      628
      NK
      NK DVS
       
      5,000
      10,000
      10,000
      25
       
      Sumas Natural Gas (Platts IFERC) Fixed Price Futures
      1029
      DVS
      DVS
       
      5,000
      10,000
      10,000
      25
       
      Ventura Natural Gas (Platts Gas Daily/Platts IFERC) Index Futures
      815
      VI
      VS
      PF DVA
      2,000/ 4,000
      10,000/ 10,000
      10,000/ 10,000
      25
       
      Ventura Natural Gas (Platts IFERC) Basis Futures
      631
      PF
      PF DVA
       
      4,000
      10,000
      10,000
      175
       
      Ventura Natural Gas (Platts IFERC) Fixed Price Futures
      1030
      DVA
      DVA
       
      4,000
      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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