Clearing House Advisory Notices
To | Clearing Member Firms
From | CME Clearing
Subject | Update on Force Majeure Declaration with Respect to NYMEX Natural Gas Deliveries - August 2008 and September 2008 Contracts
Notice Date | 2008-09-02
Notice Number | 08-205
Effective Date | 2008-09-02
(also published as NYMEX Notice to Members #454) The Delivery Committee (the “Committee”) convened today, Tuesday, September 2, 2008, to review the status of the Force Majeure declaration by Sabine Pipe Line that became effective at 6:00 a.m. on August 31, 2008, along with the associated shut-down of all of its facilities at approximately noon on the same day (see NYMEX Notice No. 08-452 dated August 31, 2008). All unfulfilled NYMEX delivery obligations in the August and September 2008 contract months continue to be subject to the Force Majeure considerations under NYMEX Rule 220.18. For the full text of this advisory...