Notice to Members
Notice No. 227 05/16/2003
NYMEX Board Implements COMEX Division Proprietary Fee Reduction Program May 1, 2003 Through July 31, 2003
At its meeting on May 15, 2003, the NYMEX Board of Directors has determined to implement a COMEX Division Proprietary Fee Reduction Program ("Program") for the time period of May 1, 2003 through July 31, 2003. COMEX Division Member Firms and individual members who own or ABC Full seats will have their COMEX Division fees reduced by 12 cents per round turn (6 cents per trade side). Clearing Members who clear Member Firm trades should adjust their billing systems accordingly. Clearing Members clearing floor members' accounts should NOT adjust their billing systems for such individual members. NYMEX issues payments directly to individual members based upon their trading activity. To ensure proper credit for Type 3 trades, floor members who execute Type 3 trades are reminded that it is required that the executing member report the proper account number of the receiving member on the OLTE trade input. Should you have any questions regarding this matter, please contact M. Dawn Lowe or Donna Talamo at (212) 299-2370.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com