Notice to Members
Notice No. 156 05/30/2002
Notice Of CFTC Order Allowing Customer Funds For Transactions In OTC Clearing Products To Be Held In Segregation With Other Customer Funds
Please be advised that the Commodity Futures Trading Commission has issued an order today in connection with the Exchange's new OTC clearing initiative. The CFTC's order expressly permits the NYMEX Clearing House and FCMs clearing through the NYMEX Clearing House to commingle customer funds used to margin, secure, or guarantee transactions in futures contracts executed in the OTC markets and cleared by the NYMEX Clearing House with other funds held in segregated accounts maintained in accordance with Section 4d of the Act and Commission Regulations thereunder. The order contains terms and conditions consistent with the rules and procedures previously announced by the Exchange that will go into effect tomorrow in connection with the launch of this new clearing service. A copy of the CFTC's order is posted here.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com