Nymex Announces Position Limits, Accountability Levels, And Spot Month Margin Assessments For New Gasoil Futures Contract

The New York Mercantile Exchange, Inc., today announced the position limits, accountability levels, and spot month margin assessments for its new Northwest Europe gasoil futures contract that will launch for open outcry trading in Dublin tomorrow.

The position accountability levels for the new contracts will be 7,000 contracts for any single month or all months, with the exception of a 1,000-contract level for the last three days of the expiring contract. Clearing members must identify customers with a position of 25 contracts or more to the Exchange.

The spot assessments will be $2,250 for clearing members, $2,475 for members, and $3,038 for customers.