| Notice to Members |
| Notice No. 159 04/01/2003 |
| Update to NYMEX Division Rule 6.19, Type Indicator Codes/CTI Codes for ClearPort(sm) |
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| By NYMEX Notice to Members No. 03-131 dated March 18, 2003, the Membership was advised of various changes to Rule 6.19, Type Indicator Codes ("CTI"). Associated to the Rule change was a key functionality update concerning the use of a CTI 2-C for the benefit of non-clearing member firms participating in regular trading hours and NYMEX ACCESS®. The immediate benefit of this change was in the way of billing by offering a member rate for the newly-activated 2-C designation. As a reminder, the added functionality for RTH was effected on Friday, March 28, 2003, and on Sunday, March 30, 2003 for trade date March 31, 2003 with respect to NYMEX ACCESS®.
Not mentioned in the previously-referenced Notice to Members was certain ClearPortsm functionalities. Specifically, within ClearPortsm , rates are not determined as a function of the numeric CTI code. Rather, ClearPortsm maintains a database of member accounts and appropriately assigns the rate. The numeric CTI code is internally assigned based on logic established within ClearPortsm . Effective Friday, March 28, 2003, due to the ClearPortsm logic of internally calculating the numeric CTI code, the option of clearing members prescribing the numeric CTI code on an account through their administrative RAV Manager functionality was disabled. The clearing member administrative function still will require setting the house or customer designation on an account level. As of the date of this notice, ClearPortsm logic can calculate and assign CTI's 1, 2 and 4, and additionally apply the house or customer designation as assigned by the clearing member through the administrative RAV Manager functionality. ClearPortsm functionality to calculate and assign a CTI 3 will be added in the near future, and an advice to the membership will be provided at such time. |
| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com |