09/29/2003
Currently certain 2C trades are being paid the default 2H rate due to an error in the processing of rates in ATOM. Effective October 1, 2003, ATOM will allow Clearing Members who have set an ATOM rate for 2C trades to process these trades at that specified 2C rate.
Please note, that the third party give up feature within TMS is unavailable for type 2 trades. In early November, 2003, NYMEX will be releasing a new version of TMS which will include this feature. Until this version is implemented, these trades should be manually adjusted via an ATOM brokerage adjustment request form.
Forward Looking and Cautionary StatementsM
The New York Mercantile Exchange, Inc., has attempted, wherever possible, to make statements in good faith, as of the date of this release, by using words such as anticipates, believes, expects, and words and terms of similar substance in connection with any discussion of its present and future operations within the industry. Any forward-looking statements made by, or on behalf of, the Exchange involve a number of risks, trends, uncertainties, and other factors which may cause actual results to differ materially, including the Exchange's receipt of the necessary Commodity Futures Trading Commission approval; timely performance and cooperative effort of exchange partners; and changes in financial or business conditions at the Exchange.