Notice to Members
Notice No. 286 10/22/2002
OTC Clearing Seminars
You are invited to participate in an upcoming seminar hosted by the New York Mercantile Exchange to discuss the Exchange's new OTC Clearing initiative. Portland, Oregon Monday, November 4, 2002, 2:00 - 5:00 p.m. River Place Hotel 1510 SW Harbor Way Houston, Texas Wednesday, November 6, 2002, 2:30 - 5:30 p.m. Four Seasons Hotel 1300 Lamar Street New York, New York Monday, November 11, 2002, 3:30 - 5:30 p.m. New York Mercantile Exchange 1 North End Avenue, 10th Floor Topics for roundtable discussion include: Benefits and Safeguards of Clearing at NYMEX Mechanics of OTC Trade Entry Eligible OTC Products Costs of Clearing OTC Trades Margins Associated with OTC Trades Settlements and Forward Curves Contract Standardization Technology/Systems Issues Contract/Legal Issues Risk Control/Accounting Issues Please RSVP no later than November 1, 2002 to Diana Femia, 212-299-2315. We look forward to seeing you at one of these venues.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com