02/01/2001
The number of requests usually exceeds the number of committee positions available. However, we will do our best to accommodate as many requests as possible. There will also be the opportunity for appointments during the year as special committees are formed and vacancies occur. Your interest in serving on an Exchange committee is sincerely appreciated.
Attached for your reference is a list of the various Exchange committees with a brief description of each.
NEW YORK MERCANTILE EXCHANGE, INC.
COMMODITY EXCHANGE, INC.
2001/2002 COMMITTEE DESCRIPTIONS
NYMEX ACCESS® ADVISORY COMMITTEE: Responsible for reviewing and recommending action to the Board on proposals and programs with respect to enhancing the use of NYMEX ACCESS® in Exchange trading both domestically internationally.
NYMEX ACCESS® TRADE REVIEW COMMITTEE: Responsible for reviewing the circumstances surrounding NYMEX ACCESS® transactions to determine whether a transaction should be cancelled.
ADJUDICATION COMMITTEE: Responsible for hearing and deciding all disciplinary proceedings brought against members by the Compliance Department upon the recommendation of the Business Conduct Committee.
ALUMINUM ADVISORY COMMITTEE: Responsible for providing technical advice to the Board with respect to appropriate amendments to the Exchange's aluminum contract to keep it current and relevant.
APPEALS COMMITTEE: Responsible for reviewing actions by the Adjudication Committee when requested to do so by a respondent subject to an adverse final decision of the Adjudication Committee.
ARBITRATION COMMITTEE: Conducts Arbitrations between members and between members and the trading public with respect to disputes concerning transactions and business on the Exchange.
BUSINESS CONDUCT COMMITTEE: Responsible for reviewing Compliance recommendations with respect to disciplinary actions against members and recommending appropriate action to the Adjudication Committee or Board.
BY-LAWS COMMITTEE:Responsible for drafting all amendments and proposals for By-Laws on the Exchange.
CHARITABLE FOUNDATION COMMITTEE:Oversees, reviews and recommends charitable organizations that are in need of contributions by the NYMEX Foundation to the Executive Committee. The Committee works closely with members and their respective charities to positively promote the efforts of the Exchange.
CLEARING HOUSE COMMITTEE:Responsible for the oversight of the Exchange's clearing house, especially with respect to the analysis and recommendation for the implementation of new procedures affecting clearing.
COAL ADVISORY COMMITTEE:Responsible for providing technical advice to the Board with respect to the development of a coal contract.
COMPLIANCE REVIEW COMMITTEE:Responsible for reviewing the Exchange's compliance and self regulatory programs.
CONTROL COMMITTEE:Subcommittees for each commodity trading on the Exchange and is responsible for reviewing and when necessary endeavoring to correct any circumstances which might interfere with the orderly functioning of the markets.
COPPER ADVISORY COMMITTEE:sible for providing technical advise to the Board with respect to appropriate amendments to the Exchange's Copper contract to keep it current and relevant.
CRUDE OIL ADVISORY COMMITTEE:Responsible for providing technical advise to the Board with respect to appropriate amendments to the Exchange's Crude Oil contract to keep it current and relevant.
DELIVERY COMMITTEE:Responsible for reviewing particular deliveries in the Exchange's contract to determine whether those deliveries are being conducted in accordance with contract provisions concerning timing, location and quality of product delivered.
ELECTRICITY ADVISORY COMMITTEE:Responsible for providing technical advise to the Board with respect to appropriate amendments to the Exchange's Electricity contracts to keep them current and relevant.
EQUITY HOLDERS' ADVISORY COMMITTEE:Responsible for reviewing and recommending action to the Board on proposals and programs that address the concerns of the Equity Holders.
FCM ADVISORY COMMITTEE:Responsible for reviewing and recommending action to the Board on proposals and programs that address the concerns of the FCM community.
FACILITIES COMMITTEE:Responsible for allocating and ensuring proper utilization of booths on the trading floor. Also responsible for reviewing and recommending to the Board all actions with respect to the construction and maintenance of the Exchange's Physical plant, with primary emphasis on the trading floor.
FINANCE COMMITTEE: Responsible for general supervision of Exchange financial affairs and recommending action in that regard to the Board.
FLOOR BROKER ADVISORY COMMITTEE: Responsible for reviewing and recommending action to the Board on proposals and programs that address the concerns of the floor broker community.
FLOOR COMMITTEE:Responsible for maintaining orderly trading, good order and decorum on the floor as well as suggesting policies which affect the trading floor to the Board.
GOVERNMENT RELATIONS COMMITTEE:Responsible for supporting and expanding communication and understanding of the NYMEX marketplace and related issues to elect government officials at the national, state and local levels. Members of the NYMEX Government Relations Committee are called upon to represent NYMEX at visits of political office holders to the Exchange, at federal, state and local politicians.
INSTITUTIONAL MONEY MANAGEMENT ADVISORY COMMITTEE:Committee will include CTAs, CPOs, hedge funds, pension funds, investment consultants, FCM institutional marketing staff and academic specialists. The Committee's role will be threefold: to advise the Exchange on the most effective ways to market to institutional customers, including public and corporate pension funds, endowments and insurance companies; to advise on how to support the growth of the managed futures industry's diversified funds, which trade NYMEX contracts; and to advise the Exchange on the investment and trading needs of institutional customers related to NYMEX contract rules and specifications.
LOCALS' ADVISORY COMMITTEE:sible for reviewing and recommending action to the Board on proposals and programs that address the concerns of the local community.
MARGIN COMMITTEE:Responsible for reviewing the volatility of COMEX contracts to determine whether margins should be altered.
MARKETING COMMITTEE: Advises the Board on marketing goals and strategies, on developing tactics for reaching the goals. Separate advisory subcommittees specialize in key geographic regions to guide the Marketing Committee on the indigenous business and cultural environments in the target areas.
MEMBERSHIP COMMITTEE: Reviews matters relating to individual applications for membership, conferring of membership privileges on firms and the transfer of memberships.
METALS ADVISORY COMMITTEE: Responsible for providing technical advice to the Board with respect to appropriate amendments to the Exchange’s metals contracts to keep them current and relevant.
NATURAL GAS ADVISORY COMMITTEE: Responsible for providing technical advise to the Board with respect to appropriate amendments to the Exchange’s Natural Gas Contract to keep it current and relevant.
OPTIONS ADVISORY COMMITTEE: Responsible for providing technical advice to the Board with respect to appropriate amendments to the Exchange’s options contract to keep them current and relevant.
PETROLEUM PRODUCTS ADVISORY COMMITTEE (Heating Oil and Gasoline): Responsible for providing technical advise to the Board with respect to appropriate amendments to the Exchange’s Heating Oil and Gasoline contracts to keep them current and relevant.
PLATINUM ADVISORY COMMITTEE: Responsible for providing technical advise to the Board with respect to appropriate amendments to the Exchange's Platinum contract to keep it current and relevant.
PRECIOUS METALS ADVISORY COMMITTEE: Responsible for providing technical advise to the Board with respect to appropriate amendments to the Exchange's Gold and Silver contracts to keep them current and relevant.
PROPANE ADVISORY COMMITTEE: Responsible for providing technical advise to the Board with respect to appropriate amendments to the Exchange's Propane contract to keep it current and relevant.
RULES COMMITTEE: Responsible for making recommendations to the Board for consolidating the rules of the NYMEX Division and COMEX Division and amendments to and deletions from Term Sheet Rules.
SETTLEMENT COMMITTEE: Establishes the settlement price of the Exchange's contracts on a daily basis, pursuant to procedures set forth in the rules of the Exchange.
STOCK INDEX & FUTURES COMMITTEE: Responsible for providing technical advise to the Board with respect to the development of equity-related futures products.
TECHNOLOGY COMMITTEE: Responsible for reviewing and recommending action to the Board on proposals and programs with respect to enhancing the use of technology in Exchange trading, clearing, information and communications systems.
TRAINING AND EDUCATION COMMITTEE: Oversees, reviews, directs and in some cases, participates in the various training programs that support the Membership, their staff and the operation of the Exchange. This includes training programs for floor and back office staff in support of the Membership and NYMEX ACCESS® certification and training. Reviews and recommends to the Board, training and education proposals and plans that may have significant impact on the successful implementation of the Exchange's policies, procedures and strategies.
NEW YORK MERCANTILE EXCHANGE, INC.
COMMODITY EXCHANGE, INC.
2001/2002 COMMITTEE REQUEST FORM
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_______________________________ ______________________
Name (Please print) Trading Badge Symbol
_______________________________
Firm Affiliation
_______________________________
_______________________________
Address
____________________________ _____________________
Telephone Number e-mail Address
I am: (Please check at least one of the boxes below.)
1. ___ a NYMEX Division Member
2. ___ a COMEX Division Member
3. ___ Other
I am interested in serving on the following Exchange committees:
1. _____________________________ 6. _______________________________
2. _____________________________ 7. _______________________________
3. _____________________________ 8. _______________________________
4. _____________________________ 9. _______________________________
5. _____________________________ 10. _______________________________
PLEASE RETURN TO MS. DONNA TALAMO, OFFICE OF THE CORPORATE SECTRETARY, NEW YORK MERCANTILE EXCHANGE, INC., ONE NORTH END AVENUE, ROOM 1548, NEW YORK, NY 10282 (OR FAX 212-301-4645) NOT LATER THAN FRIDAY, FEBRUARY 16, 2001.