• Large Trader Requirement, Initial Spot-Month Limit, All Month/Single Month Accountability Levels, Reporting Level, Diminishing Balance Designation, and Spot Month Aggregation Allocation for the New Japan C&F Naphtha Dubai (Platts) Crack Spread Futures Contract

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-7051
      • Notice Date
      • 24 April 2014
      • Effective Date
      • 28 April 2014

    • In connection with the launch of the new Japan C&F Naphtha Dubai (Platts) Crack Spread futures contract on trade date April 28, 2014, (see SER-7065 dated April 7, 2014), please note below the corresponding all month/single month accountability levels (NYMEX Rule 560), initial spot month position limit (NYMEX Rule 559), reportable level (NYMEX Rule 561), diminishing balance designation, and spot month aggregation allocation for the new contract.  Effective trade date April 28, 2014, and pending all relevant CFTC regulatory review periods, the terms and conditions for this contract 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 code is 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

      Diminish-ing Balance Contract

      Spot-Month Aggregate Into Futures Equivalent Leg (1)

      All Month Aggregate Into Futures Equivalent 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

      Japan C&F Naphtha Dubai (Platts) Crack Spread Futures

      865

      JNC

      *

      JA

      DC

      500/5,000

      1,000/

      10,000

      1,000/

      10,000

      25

       

      Please refer questions on this subject to:

      Market Regulation

      Surveillance:     Ryne Toscano              Ryne.Toscano@cmegroup.com             (212) 299-2879

      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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