Notice to Members

Notice No. 386
10/15/2004

Updated List of All NYMEX Division Inter-Commodity Spread Credits

Effective Date: Monday, October 18, 2004 (close of business)

Contract Months: All Months

NOTE: NP was used in the past for the NYMEX Permian Basin Natural Gas Futures contract which has been delisted. ( See Notice to Members # 04-380)

Spread	Priority	Ratio	% Credit
DV:NG/DV:NN(NP)	171	1:1/1:4	70
DO:NG/DO:NN(NP)	172	1:1/1:4	70
DP:NG/DP:NN(NP)	195	1:1/1:4	65
NG:KV / NN(NP):KV	221	1:2 / 2:1	60
NG:QJ / NN(NP):QJ	222	1:2 / 2:1	60
NG:KM / NN(NP):KM	223	1:2 / 2:1	60
DN:NG/DN:NN(NP)	320	1:1/1:4	60
NG:PN / NN(NP):PN	355	2:5 / 8:5	40
CL:NG / CL:NN(NP)	356	1:1 / 1:4	40
HO:NG / HO:NN(NP)	358	1:1 / 1:4	40
HU:NG / HU:NN(NP)	359	1:1 / 1:4	40

Listed below is a complete list of the inter-commodity spread credits for all NYMEX Division products and regular traded products. NOTE: The revised spread credits are in bold.

Spread	Priority	Ratio	% Credit

LS:CL	1	1:01	98
MB:CL	2	1:01	98
TS:CL	3	1:01	98
CM:CL	4	1:01	98
HK:CS:MP	5	1:01:01	98
HK:CL:HO	6	1:01:01	98
HK:CL:MP	7	1:01:01	98
HK:CS:HO	8	1:01:01	98
UK:CS:MS	9	1:01:01	98
UK:CL:HU	10	1:01:01	98
UK:CL:MS	11	1:01:01	98
UK:CS:HU	12	1:01:01	98
MR:MP:MS	13	1:01:01	98
MR:HU:HO	14	1:01:01	98
MR:HU:MP	15	1:01:01	98
MR:MS:HO	16	1:01:01	98
BO:CL:SC	17	1:01:01	98
HC:CL:HO	18	1:01:01	98
UC:CL:HU	19	1:01:01	98
CS:CL	20	1:01	98
LS:TS	21	1:01	98
LS:CM	22	1:01	98
LS:MB	23	1:01	98
TS:CM	24	1:01	98
TS:MB	25	1:01	98
CM:MB	26	1:01	98
CL:MA	27	1:01	98
MS:HU	28	1:01	98
MP:HO	29	1:01	98
SL:SY	30	1:01	98
SM:SV	31	1:01	96
JM:QJ	32	1:02	95
JD:JW	33	1:01	95
SS:SM	34	1:01	95
SM:SN	35	1:01	95
UG:UE	36	1:01	95
UJ:UE	37	1:01	95
UL:UE	38	1:01	95
UP:UE	39	1:01	95
UQ:UE	40	1:01	95
UR:UE	41	1:01	95
UJ:UG	42	1:01	95
UL:UG	43	1:01	95
UP:UG	44	1:01	95
UQ:UG	45	1:01	95
UR:UG	46	1:01	95
UL:UJ	47	1:01	95
UP:UJ	48	1:01	95
UQ:UJ	49	1:01	95
UR:UJ	50	1:01	95
UP:UL	51	1:01	95
UQ:UL	52	1:01	95
UR:UL	53	1:01	95
UQ:UP	54	1:01	95
UR:UP	55	1:01	95
UR:UQ	56	1:01	95
UE:HO	57	2:15	95
UG:HO	58	2:15	95
UJ:HO	59	2:15	95
UL:HO	60	2:15	95
UP:HO	61	2:15	95
UQ:HO	62	2:15	95
UR:HO	63	2:15	95
UE:MP	64	2:15	95
UG:MP	65	2:15	95
UJ:MP	66	2:15	95
UL:MP	67	2:15	95
UP:MP	68	2:15	95
UQ:MP	69	2:15	95
UR:MP	70	2:15	95
UN:HU	71	5:41	95
UN:MS	72	5:41	95
UF:UA	73	1:01	95
UH:UA	74	1:01	95
UI:UA	75	1:01	95
UV:UA	76	1:01	95
UH:UF	77	1:01	95
UI:UF	78	1:01	95
UV:UF	79	1:01	95
UI:UH	80	1:01	95
UV:UH	81	1:01	95
UV:UI	82	1:01	95
GS:MS	83	1:01	95
GP:MP	84	1:01	95
GE:MP	85	1:01	95
GP:HO	86	1:01	95
GE:HO	87	1:01	95
GS:HU	88	1:01	95
SS:SV	89	1:01	94
SM:SY	90	1:01	94
SV:SY	91	1:01	94
SL:SV	92	1:01	93
SL:SM	93	1:01	92
SS:SY	94	1:01	91
SC:CL	95	1:01	90
JW:JM	96	4:01	90
JM:KA	97	1:02	90
SS:SN	98	1:01	90
SS:SL	99	1:01	90
SN:SY	100	1:01	90
CI:NR	101	1:01	90
CI:NS	102	1:01	90
SN:SV	103	1:01	89
SL:SN	104	1:01	88
DC:CL	105	1:01	85
CS:DC	106	1:01	85
CS:LS	107	1:01	85
CS:TS	108	1:01	85
CS:CM	109	1:01	85
CS:MB	110	1:01	85
DC:LS	111	1:01	85
DC:TS	112	1:01	85
DC:CM	113	1:01	85
DC:MB	114	1:01	85
CS:MA	115	1:01	85
DC:MA	116	1:01	85
LS:MA	117	1:01	85
TS:MA	118	1:01	85
CM:MA	119	1:01	85
MF:HO	120	1:01	85
MG:HO	121	1:01	85
MH:HU	122	1:01	85
MM:HO	123	1:01	85
MF:MG	124	1:01	85
MF:MH	125	1:01	85
MF:MM	126	1:01	85
MF:MS	127	1:01	85
MF:MP	128	1:01	85
MG:MH	129	1:01	85
MG:MM	130	1:01	85
MG:MS	131	1:01	85
MG:MP	132	1:01	85
MH:MM	133	1:01	85
MH:MS	134	1:01	85
MH:MP	135	1:01	85
MM:MS	136	1:01	85
MM:MP	137	1:01	85
MS:MP	138	1:01	85
JM:KG	139	1:02	85
JM:KJ	140	1:02	85
DV:DP	141	1:01	85
HU:GU	142	1:01	80
DC:CS	143	1:01	80
DV:DN	144	1:01	80
CI:PB	145	1:01	80
NS:PC	146	1:01	80
NS:PB	147	1:01	80
UA:CL	148	5:33	80
UF:CL	149	5:33	80
UH:CL	150	5:33	80
UI:CL	151	5:33	80
UV:CL	152	5:33	80
UA:CS	153	5:33	80
UF:CS	154	5:33	80
UH:CS	155	5:33	80
UI:CS	156	5:33	80
UV:CS	157	5:33	80
UC:HU:HC:HO	158	1:1:1:1	78
SC:HO	159	1:01	75
SC:HU	160	1:01	75
SC:HU:HO	161	3:02:01	75
CL:HU:HO	162	3:02:01	75
CL:GU:HO	163	3:02:01	75
MA:MF	164	1:01	70
MA:MG	165	1:01	70
MA:MH	166	1:01	70
MA:MM	167	1:01	70
MA:MS	168	1:01	70
MA:MP	169	1:01	70
NJ:NS	170	1:01	70
DV:NG/DV:NN(NP)	171	1:1/1:4	70
DO:NG/DO:NN(NP)	172	1:1/1:4	70
DV:DO	173	1:01	70
DN:DP	174	1:01	70
DO:DP	175	1:01	70
PC:NR	176	1:01	70
CI:PC	177	1:01	70
CL:HO	178	1:01	65
CL:HU	179	1:01	65
CL:GU	180	1:01	65
LS:HO	181	1:01	65
LS:HU	182	1:01	65
TS:HO	183	1:01	65
TS:HU	184	1:01	65
CM:HO	185	1:01	65
CM:HU	186	1:01	65
MB:HU	187	1:01	65
MB:HO	188	1:01	65
CS:HO	189	1:01	65
CS:HU	190	1:01	65
DC:HO	191	1:01	65
DC:HU	192	1:01	65
CS:MS	193	1:01	65
CS:MP	194	1:01	65
DP:NG/DP:NN(NP)	195	1:1/1:4	65
DN:DO	196	1:01	65
NW:PM	197	1:01	65
PC:PB	198	1:01	65
NK:NR	199	1:01	65
CI:NK	200	1:01	65
UE:CS	201	2:15	65
UG:CS	202	2:15	65
UJ:CS	203	2:15	65
UL:CS	204	2:15	65
UP:CS	205	2:15	65
UQ:CS	206	2:15	65
UR:CS	207	2:15	65
UN:CL	208	5:41	65
UN:CS	209	5:41	65
GS:CS	210	1:01	65
GP:CS	211	1:01	65
GE:CS	212	1:01	65
GS:CL	213	1:01	65
GP:CL	214	1:01	65
GE:CL	215	1:01	65
HC:UC	216	1:01	60
HC:HU	217	1:01	60
UC:HO	218	1:01	60
HO:HU	219	1:01	60
HO:GU	220	1:01	60
NG:KV / NN(NP):KV	221	1:2 / 2:1	60
NG:QJ / NN(NP):QJ	222	1:2 / 2:1	60
NG:KM / NN(NP):KM	223	1:2 / 2:1	60
QJ:KV	224	1:01	60
NZ:NG:QJ	225	4:01:02	60
NS:NG:KV	226	4:01:02	60
NJ:NG:KV	227	4:01:02	60
NR:NG:KM	228	4:01:02	60
KA:NG	229	1:02	60
KG:NG	230	1:02	60
KJ:NG	231	1:02	60
KA:QJ	232	1:01	60
KG:QJ	233	1:01	60
KJ:QJ	234	1:01	60
KA:KG	235	1:01	60
KA:KJ	236	1:01	60
KJ:KG	237	1:01	60
NF:NG:QJ	238	4:01:02	60
NX:NG:QJ	239	4:01:02	60
TC:NG:QJ	240	4:01:02	60
PD:NG:QJ	241	4:01:02	60
NY:NG:QJ	242	4:01:02	60
NE:NG:QJ	243	4:01:02	60
NK:NG:QJ	244	4:01:02	60
NL:NG:QJ	245	4:01:02	60
PE:NG:QJ	246	4:01:02	60
PF:NG:QJ	247	4:01:02	60
PG:NG:QJ	248	4:01:02	60
NF:NG:KA	249	4:01:02	60
NX:NG:KA	250	4:01:02	60
TC:NG:KA	251	4:01:02	60
PD:NG:KA	252	4:01:02	60
NY:NG:KA	253	4:01:02	60
NE:NG:KA	254	4:01:02	60
NK:NG:KA	255	4:01:02	60
NL:NG:KA	256	4:01:02	60
PE:NG:KA	257	4:01:02	60
PF:NG:KA	258	4:01:02	60
PG:NG:KA	259	4:01:02	60
NH:NG:KA	260	4:01:02	60
NF:NG:KG	261	4:01:02	60
NX:NG:KG	262	4:01:02	60
TC:NG:KG	263	4:01:02	60
PD:NG:KG	264	4:01:02	60
NY:NG:KG	265	4:01:02	60
NE:NG:KG	266	4:01:02	60
NK:NG:KG	267	4:01:02	60
NL:NG:KG	268	4:01:02	60
PE:NG:KG	269	4:01:02	60
PF:NG:KG	270	4:01:02	60
PG:NG:KG	271	4:01:02	60
NH:NG:KG	272	4:01:02	60
NF:NG:KJ	273	4:01:02	60
NX:NG:KJ	274	4:01:02	60
TC:NG:KJ	275	4:01:02	60
PD:NG:KJ	276	4:01:02	60
NY:NG:KJ	277	4:01:02	60
NE:NG:KJ	278	4:01:02	60
NK:NG:KJ	279	4:01:02	60
NL:NG:KJ	280	4:01:02	60
PE:NG:KJ	281	4:01:02	60
PF:NG:KJ	282	4:01:02	60
PG:NG:KJ	283	4:01:02	60
NH:NG:KJ	284	4:01:02	60
PM:NG:KV	285	4:01:02	60
NX:NG:KV	286	4:01:02	60
PB:NG:KV	287	4:01:02	60
PC:NG:KV	288	4:01:02	60
PM:NG:KM	289	4:01:02	60
NX:NG:KM	290	4:01:02	60
PB:NG:KM	291	4:01:02	60
PC:NG:KM	292	4:01:02	60
NJ:NR	293	1:01	60
NW:NG:QJ	294	8:02:01	60
NW:NG:KV	295	8:02:01	60
NW:NG:KM	296	8:02:01	60
NW:NG:KA	297	8:02:01	60
NW:NG:KG	298	8:02:01	60
NW:NG:KJ	299	8:02:01	60
CI:NG:QJ	300	8:02:01	60
CI:NG:KV	301	8:02:01	60
CI:NG:KM	302	8:02:01	60
CI:NG:KA	303	8:02:01	60
CI:NG:KG	304	8:02:01	60
CI:NG:KJ	305	8:02:01	60
JM:NG	306	1:02	60
NZ:NG:JM	307	16:04:05	60
NF:NG:JM	308	16:04:05	60
NX:NG:JM	309	16:04:05	60
TC:NG:JM	310	16:04:05	60
PD:NG:JM	311	16:04:05	60
NY:NG:JM	312	16:04:05	60
NE:NG:JM	313	16:04:05	60
NK:NG:JM	314	16:04:05	60
NL:NG:JM	315	16:04:05	60
PE:NG:JM	316	16:04:05	60
PF:NG:JM	317	16:04:05	60
NH:NG:JM	318	16:04:05	60
RU:HK:ME	319	1:01:01	60
DN:NG/DN:NN(NP)	320	1:1/1:4	60
UE:CL	321	2:15	60
UG:CL	322	2:15	60
UJ:CL	323	2:15	60
UL:CL	324	2:15	60
UP:CL	325	2:15	60
UQ:CL	326	2:15	60
UR:CL	327	2:15	60
GP:GS	328	1:01	60
GE:GS	329	1:01	60
GE:GP	330	1:01	60
GP:MS	331	1:01	60
GE:MS	332	1:01	60
GS:MP	333	1:01	60
GS:HO	334	1:01	60
GP:HU	335	1:01	60
GE:HU	336	1:01	60
HC:HO	337	1:01	55
UC:HU	338	1:01	55
BO:SC	339	1:01	55
BO:CL	340	1:01	55
NS:NR	341	1:01	55
RU:HU	342	1:01	55
UK:HU	343	1:01	55
RD:HO	344	1:01	55
HK:HO	345	1:01	55
NA:PB	346	1:01	50
HO:PN	347	1:01	50
HU:PN	348	1:01	50
GU:PN	349	1:01	50
GC:PL	350	1:01	50
NL:PH	351	1:01	50
PH:NW	352	1:01	50
CI:NJ	353	1:01	50
GC:SI	354	1:01	45
NG:PN / NN(NP):PN	355	2:5 / 8:5	40
CL:NG / CL:NN(NP)	356	1:1 / 1:4	40
CL:PN	357	1:01	40
HO:NG / HO:NN(NP)	358	1:1 / 1:4	40
HU:NG / HU:NN(NP)	359	1:1 / 1:4	40
KM:KV	360	1:01	40
KM:QJ	361	1:01	40
KA:KV	362	1:01	40
KG:KV	363	1:01	40
KJ:KV	364	1:01	40
KA:KM	365	1:01	40
KG:KM	366	1:01	40
KJ:KM	367	1:01	40
UU:HU	368	1:01	40
UT:HO	369	1:01	40
NL:PF	370	1:01	40
PF:PE	371	1:01	40
PH:PF	372	1:01	35
PF:PM	373	1:01	35
NW:NH	374	1:01	30
PE:PM	375	1:01	30
NL:PM	376	1:01	25
PH:PM	377	1:01	25

Should you have any questions regarding these changes, please contact Arthur McCoy at (212) 299-2928 or William Doherty at (212) 299-2925. This notice supersedes all previous notices regarding NYMEX Division inter-commodity spread credits.

Should you have any questions or require any further information, please contact exchangeinfo@nymex.com