• Large Trader Requirements, Single Month/All Month and Spot Month Limits, and Single Month/All Month and Spot Month Aggregation Allocations for the Launch of the Mini-Sized KC HRW Wheat Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6981
      • Notice Date
      • 21 March 2014
      • Effective Date
      • 24 March 2014

    • In connection with the launch of the new Mini-Sized KC HRW Wheat Futures contract on the Chicago Board of Trade (CBOT or Exchange) on trade date Monday, March 24, 2014 (see SER 7044 dated March 7, 2014), please note below the corresponding single month/all month and spot month limits, and single month/all month and spot month aggregation allocations for the new contract. Effective trade date Monday, March 24, 2014, and pending all relevant CFTC regulatory review periods, the terms and conditions for this contract 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. 

      (Bold/underline indicates addition)

      Contract Name

      Commodity Code

      Spot Month Position Comprised of Futures and Deliveries

      Spot Month Aggregate Into Futures Equivalent Leg (1)

      Spot-Month Aggregate Into Ratio Leg (1)

      Initial Spot-Month Limit (In Net Futures Equivalents) Leg (1)/ Leg (2)

      Initial Spot-Month Limit Effective Date

      Spot-Month Limit (In Contract Units) Leg (1) / Leg (2)

      Single Month Aggregate Into Futures Equivalent Leg (1)

      Single Month Aggregate Into Ratio 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 Into Ratio Leg (1)

      All Month Limit (In Net Futures Equivalents) Leg (1) / Leg (2)

      Mini-Sized KC HRW Wheat Futures

      MKC

      For position limit purposes, spot month position comprised of futures and deliveries.

      KW

      5 MKC : 1 KW  For position limit purposes, full-sized and mini-sized contracts may not be netted.

      600

      For KW: Net long or short effective at the close of trading two business days prior to the first trading day of the delivery month.

      3,000,000

      KW

      5 MKC : 1 KW  For position limit purposes, full-sized and mini-sized contracts may not be netted.

      12,000

      KW

      5 MKC : 1 KW  For position limit purposes, full-sized and mini-sized contracts may not be netted.

      12,000

       

      Please refer questions on this subject to:

      Market Regulation

      Surveillance:                        Chris Reinhardt                    Chris.Reinhardt@cmegroup.com                    (212) 299-2882

      Products:                               Nadine Brown                      Nadine.Brown@cmegroup.com                 (212) 299-2223

      Large Trader Reporting:     Sandra Valtierra                  Sandra.Valtierra@cmegroup.com                   (312) 347-4137

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