Notice to Members
Notice No. 486
12/16/2004
Dublin Christmas Eve Non-Holiday Details
As previously reported, on Friday, December 24th, 2004 the Exchange will be offering trading of the Brent Crude Oil contract (SC) and the Brent/WTI spread in open outcry on the Dublin trading floor. The following will address processing that will and will/not be performed during the holiday:
  • NYMEX ACCESSsm will not be open on those days.

  • The Exchange is not offering trading in any other markets.

  • Brent Crude Oil and Brent/WTI spread trades will be processed in the normal manner on Friday, December 24th.

  • All pertinent trade files, SPAN files and Clearing Member Download Site reports will be made available at the normally scheduled times.

  • Intra-day trade transmissions will be run in the normal fashion.

  • TMS CM download functionality will be available.

  • The Exchange will not perform any banking on Friday, December 24th.

  • The Exchange will allow Clearing Members to perform adjustments for any commodity during the holiday.

  • Open interest will be disseminated for NYMEX products only.

  • Settlement prices for all contracts will be disseminated during the holiday. (The previous day's settlement price will be disseminated for those contracts that do not trade during the holiday.)

  • The fact sheets will be created every day during the holiday.

  • Position Change Statements (PCSs) will be accepted up to 2 hours and 30 minutes after the Dublin close during the holiday.

  • Large trader submission will be performed during the holiday days.

  • Trade transfers will be performed manually for each day that the CMs were not able to perform transfers during the holiday days. Clearing Members can either ask the Clearing House to perform their transfers OR they can perform position transfers in lieu of trade transfers.

  • Since Friday, December 24th is a PJM business day and a NYMEX processing day, PJM erosions will occur.

  • MDR files will be transmitted in the normal fashion.

  • The NYMEX.com Corporate website will be updated daily with settlement prices, highs, lows and change values.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com