Notice to Members
Notice No. 310 08/18/2004
Account Maintenance Necessary for NYMEX ClearPort(sm) Trading Accounts
Please be advised that with the launch of the new NYMEX ClearPortsm Trading (CPT) system on Sunday August 22nd for Trade Date August 23rd, credit approval of orders entered into the CPT system will be performed by the Exchange’s Enterprise Risk Allocation Value (eRAV) system. This is an improvement on the current method of simply performing a position limit check within the CPT system (version 3.4). This new integration of CPT into the eRAV system means that every account that is established for trading on CPT must have a dollar value set for the RAV limit for the account to be tradable on CPT. Existing CPT accounts may not have a dollar value set as only position limits are required. If the dollar RAV limit is not established for an account that is active on CPT, then all orders for that account will be rejected by eRAV with an error message "Order rejected: insufficient RAV." Please ensure that all active accounts have an appropriate dollar RAV limit set. Should you have any questions or need assistance, please contact the Exchange Customer Service Call Center toll-free at 1-800-438-8616 or 212-299-2670, or via email at custcare@nymex.com
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com