NEW YORK – For the July 2014 expiry contracts, positions must be in compliance with spot month position limits on and after the compliance date.
Agricultural Futures
Spot month position limits take effect on and after first notice day for contracts with notice periods that begin before last trading day. For the Sugar No.11 contract, the spot month position limit is in effect as of the opening of trading on the second (2nd) business day following theexpiration of the regular option traded on the expiring futures contract (click to enlarge).
For a complete list of position limits and position accountability levels for Agricultural Contracts, please refer to the Position Limits and Position Accountability Table on the ICE website.
Energy Futures
For a complete list of position limits for energy contracts, please refer to the Energy Position Limit, Accountability and Reportable Levels table on our website.
Exemptions Please be reminded that position limits apply on both an inter-day and intra-day basis. This means that positions must be in compliance with spot month position limits as of the close of business on the business day preceding each of the above dates.
Exemptions may be available for hedge and arbitrage, spread and straddle positions and, for Energy Futures, risk management positions in accordance with Rules 6.26, 6.27 and 6.29. For Henry Hub LD1, a Conditional Limit is also available in accordance with Rule 6.20.
Exemption requests should be submitted no later than five (5) business days prior to the date the position limit takes effect.
Please address any questions to one of the contacts listed in this Notice. To apply for exemptive relief for an agricultural contract, please phone or e-mail the appropriate contact listed to the left. To apply for exemptive relief for an energy contract, please complete and submit the applications provided below:
Energy Futures
Conditional Limit Request Form
Source: ICE Futures US
