Notice to Members
Notice No. 546 11/30/2005
Exchange/Clearing Fee Credit Requests, NYMEX Rule 9.09(C)
The NYMEX Board of Directors, at its regularly scheduled meeting approved the modification of Rule 9.09(C) governing Exchange/Clearing fee credit requests. With the introduction of the new e-Billing system this past January, Exchange Clearing Members are now able to manage fees charged to their accounts on a daily basis thus ensuring the accuracy of billed volume. The effective date of this rule modification will be for the open of business January 2, 2006. It is recommended that all Operations Managers and Billing Supervisors of Clearing Member Firms review their accounts on the e-Billing system for both NYMEX and COMEX to ensure proper registration. The new time frame for Exchange/Clearing fee credit requests has been modified from One (1) Year to Three (3) months plus the balance of the month that the credit has been requested. As an example: Up until the last day in April, Clearing Member "A" will be able to re-submit through the e-Billing system, an Exchange/Clearing fee credit request that would include all trading dates for the period of January – March plus the balance of the days in April. If Clearing Member "A" submits the same request on May 1st, the Clearing Member will only be able to receive a return of fee credit for the period beginning February – April plus the balance of days in May.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com