(01-408) Large Trader Reporting Requirements and Accountability Levels for the Henry Hub Swap Contract

Notice No. 01-408
November 29, 2001

TO: ALL MEMBER FIRMS
ALL CLEARING MEMBERS
ALL OPERATIONS MANAGERS

FROM: J. Robert Collins, Jr., President

RE: Large Trader Reporting Requirements and Accountability
Levels for the Henry Hub Swap Contract
________________________________________________________________________

This is a reminder that the Henry Hub Swap Contract will
begin trading on December 3, 2001, beginning with the NYMEX ACCESS
session
on Sunday, December 2, 2001. The first delivery month (or futures
termination) will be January 2002. The Daily Large Trader Report for the
Henry Hub Swap Contract submitted on December 4, 2001, for the close of
business on December 3, 2001, must include reportable positions for this
contract.

The quantity fixed for filing reports pursuant to NYMEX Rule
9.33 (Position Reporting) is 100 contracts for the Henry Hub Swap Contract.
If a person controls or holds a position equal to, or greater than, 100 long
or short in any one month, then all such futures, whether above the
reportable level or not, shall be deemed reportable positions.

For the Clearing Members that file reports pursuant to NYMEX
Rule 9.33 in a machine readable format, the six digit CFTC commodity code
for the Henry Hub Swap Contract is 023654.

Additionally, the Accountability Level for the Henry Hub
Swap Contract, pursuant to NYMEX Rule 9.26, is as follows:

Any One Month/All Months: 12,000 Net
Futures

The Expiration Month in the Henry Hub Swap Contract will not
have an Accountability Level or Position Limit.

Should you have any questions, please contact Nicholas Galati,
Director of Market Surveillance, at (212) 299-2920, Nicholas Falcone,
Manager of Market Surveillance, at (212) 299-2919, or Bonnie H. Yurga,
Supervisor of Market Surveillance, at (212) 299-2879.