Notice to Members

Notice No. 414
12/7/2001

Options Expiration Operational Procedures for the Trading Floor and Clearing Members - Revised Hours

STANDARD EVENT MESSAGES	APPROXIMATE TIME OF MESSAGE AVAILABILITY	USUAL TIME	FAST FACTS (F) E-MAIL (E) BOTH (B)




Announce Out-of-the Money Exercise and In-the-Money Do Not Exercise Submissions	4:45 PM	4:45 PM	F



Announce Final Input to C21 Cutoff Time	6:30 PM	6:45 PM	E



All positions are deemed final	7:00 PM	7:00 PM	F



Announce Exercise/Assignment Information Available on the Single Position Maintenance Windows	7:30 PM	7:30 PM	B



All Report Distribution is completed	10:00 PM	10:00 PM	F

The times appearing in the Usual Event Time column are based on normal operational conditions and could vary.

NYMEX Expiration Day Processing
Overview of Member Requirements

TIME	ACTIVITY	EVENT	REFERENCE NUMBER




4:30 PM	Exercise Notice Submission	Input to C21 Cutoff Time	1



	Do Not Exercise Submission	Input to C21 Cutoff Time	2



4:45 PM	Announce Out-of-the Money Exercise and In-the-Money Do Not Exercise Submissions	Fast Facts Notice	3



6:30 PM	Announce Final Input to C21 Cutoff Time	C21 E-Mail	4



6:45 PM	Final Input to C21 Cutoff Time		5



7:00 PM	All Positions are Deemed Final	Fast Facts Notice	6



7:30 PM	Announce Exercise/Assignment Information Available on the Single Position Maintenance Windows	Fast Facts Notice and C21 E-Mail	7

Should you have any questions or require any further information, please contact exchangeinfo@nymex.com