Notice to Members
Notice No. 408 09/09/2005
NYMEX Europe Membership and PCM Requirements
The following is a summary of the various NYMEX Europe Ltd. Membership and PCM Requirements NEL Individual Members: All individuals wishing to become NEL Individual Members (including all individuals who obtain floor trading privileges through a NEL Member/Member Firm) must complete a NEL Membership application and obtain a NEL Floor Trader PCM guarantee from a NYMEX, Inc. Clearing Member. Further, should the member desire to directly trade NEL contracts offered on NYMEX ACCESS®, a NEL NYMEX ACCESS® PCM is required from a NYMEX, Inc. Clearing Member. NEL Member Firm: All firms wishing to become NEL Member Firms, must complete a NEL Membership application and obtain a NEL Firm PCM guarantee from a NYMEX, Inc. Clearing Member. Further, should the member desire to directly trade NEL contracts offered on NYMEX ACCESS®, a NEL NYMEX ACCESS® PCM is required from a NYMEX, Inc. Clearing Member NYMEX Individual Members: All NYMEX, Inc. Members who choose to become Members of NEL shall follow directions above for NEL Individual Members. NYMEX Member Firm: All NYMEX, Inc. Member Firms who choose to become Members of NEL are required to submit an application to NEL Membership that will include a NEL Firm PCM guarantee. Further, should the Member Firm desire to directly trade NEL contracts offered on NYMEXACCESS®, a NEL NYMEX ACCESS® PCM is required from a NYMEX Clearing member. Note: NEL PCM Guarantee documents will not be required if the NYMEX Member Firm is itself a NYMEX Clearing Member Firm. ACCESS® ONLY (Electronic) Trading: NEL Members: All NEL Members (ie. floor traders) must obtain a NEL NYMEX ACCESS® PCM from a NYMEX, Inc. Clearing Member. NEL Member Firm: All NEL Member Firms must obtain a NEL NYMEX ACCESS® PCM from a NYMEX, Inc. Clearing Member. NYMEX Members: All NYMEX, Inc. Members who wish to directly transact business on the NYMEX ACCESS® trading system for NEL products (ie. Brent and Gasoil futures) must submit a NEL Member Application and obtain a NEL ACCESS® PCM from a NYMEX, Inc. Clearing Member NYMEX Member Firm: Member Firms who wish to directly transact business on the ACCESS® trading system for NEL products (ie. Brent and Gasoil) must submit a NEL Member Application for NEL Member Firm privileges and a NEL NYMEX ACCESS® PCM from a NYMEX Clearing member. Note: NEL PCM Guarantee documents will not be required if the NYMEX Member Firm is itself a NYMEX Clearing Member Firm.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com