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). The aggregate amount to be paid under the program for the period August 1, 2003 through September 30, 2003 is capped at $66,667. In the event that the number of transactions eligible for the program causes the cap to be exceeded, the actual fee reduction per transaction side will be reduced from 6 cents to an amount that causes the aggregate payment under the program to equal $66,667.

Because of the aggregate cap, payments to members under the Program can not be made until the actual rate per transaction side is determined. It is therefore estimated that payments for the period August 1, 2003 through September 30, 2003 of Program will be made by mid October, 2003. Accordingly, Clearing Members who clear Member Firm trades should NOT adjust their billing systems. NYMEX will issue payment to such Clearing Members either through a credit to their clearing bill or through a check, whichever is deemed more expeditious when the actual amount of the rate per transaction side is determined.

Clearing Members clearing floor members' accounts also 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.