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

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7031
      • Notice Date
      • 27 February 2014
      • Effective Date
      • 27 February 2014
    • In connection with the launch of eight (8) new Middle East Refined Product futures contracts on trade date March 3, 2014, (see SER-7015 dated February 5, 2014), please note below the corresponding spot-month aggregation allocations, all month/single month accountability levels (NYMEX Rule 560), initial spot month position limits (NYMEX Rule 559), and reportable levels (NYMEX Rule 561) for the eight (8) new contracts.  Effective trade date March 3, 2014, 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

       

      Mini Middle East Naphtha FOB Arab Gulf (Platts) Futures

      1166

      MME

      MME

      1,500

      5,000

      7,000

      25

       

      Mini Middle East Naphtha FOB Arab Gulf (Platts) BALMO Futures

      1171

      MNE

      MME

      1,500

      5,000

      7,000

      25

       

      Middle East Gasoil FOB Arab Gulf (Platts) Futures

      1167

      MPE

      MPE

      2,000

      6,000

      9,000

      25

       

      Middle East Gasoil FOB Arab Gulf (Platts) BALMO Futures

      1172

      MBS

      MPE

      2,000

      6,000

      9,000

      25

       

      Mini Middle East HSFO 180 cst FOB Arab Gulf (Platts) Futures

      1168

      MHE

      MHE

      2,000

      6,000

      9,000

      25

       

      Mini Middle East HSFO 180 cst FOB Arab Gulf (Platts) BALMO Futures

      1173

      MGS

      MHE

      2,000

      6,000

      9,000

      25

       

      Mini Middle East HSFO 380 cst FOB Arab Gulf (Platts) Futures

      1169

      MSE

      MSE

      2,000

      6,000

      9,000

      25

       

      Mini Middle East HSFO 380 cst FOB Arab Gulf (Platts) BALMO Futures

      1174

      MHS

      MSE

      2,000

      6,000

      9,000

      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