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Ex Parte Meeting for Proposed Rule 77 FR 15460

  • Title:
    Call with Parity Energy

    Ex Parte No: 653
    Date: 6/4/2012

    Meeting Date:

    Monday, June 4, 2012

    CFTC Staff:

    George Pullen

    John Dunfee

    Nhan Nguyen

    Stephen Sherrod

    John Paul Rothenberg

    Gregory Kuserk

    Esen Onur


    Parity Energy discussed the following aspects of the FNPRM:


    - Requested a separate swap category for swaps that are economically related to crude oil options because transactions in such options are typically larger in scale and fewer in number than those in fixed price energy instruments;


    - Requested that the final rule to clarify that any natural gas swap with optionality be subject to the minimum block size proposed in Appendix F of the FNPRM for natural gas options rather than the minimum block size for natural gas swaps;


    - Recommended setting a separate initial minimum block size for crude oil options at 1,000 contracts, consistent with CME’s minimum block size for Light Sweet Crude Oil options transactions.

    External Attendees:

    Charles Reyl (Parity Energy)

    Brad Flaster (Parity Energy)

    Sara Lesch (Parity Energy)

    Additional Information:

    Parity Energy

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