01/21/2003
Please be advised that effective with the launch of NYMEX ClearPortsm on January 16, 2003, (for trade date January 17, 2003) billing for all Exchange fees will NOT be generated by CTI codes for all contracts listed for trading on NYMEX ClearPortsm as well as all those contracts submitted to NYMEX through the NYMEX ClearPortsm Clearing Services web-site. Please refer to Notice to Members No. 03-29 dated January 15, 2003 for further details on NYMEX ClearPortsm fees.
All activity in NYMEX ClearPortsm Clearing Services will be appropriately billed on the basis of member or non-member information available to the NYMEX Customer Service Center ("NCSC") at the time of registration.
Clearing Member billing summaries, which will be created and available for the month of January, will uniquely identify these trades and the associated fees separately from RTH and NYMEX ACCESS® transactions, which will both continue to be billed based upon CTI designation.
CTI Designations for NYMEX ClearPortsm and NYMEX ClearPortsm Clearing Services
Numeric CTI codes for contracts traded in these venues will be generated by the system and will include Types 1, 2 and 4 for the launch on January 16, 2003. Clearing Member Administrators will appropriately designate the accounts as either Customer or House when they enable the account/firm.
Amended rule language specifically corresponding to CTI codes will be submitted to the CFTC following Executive Committee approval and will be distributed ASAP.
Type 3 designation is anticipated to be supported by the system as a Day 2 requirement with appropriate rule amendments to follow.