Notice to Members
Notice No. 312 08/04/2005
Amendments to COMEX Division Rule 104.36, Exchanges for Physicals
The amendment to COMEX Rule 104.36 and accompanying commentary prohibits Exchanges for Physicals ("EFPs") made "in connection with" offsetting physical transactions during RTH. The previous reference in the rule to "contingent" physical transactions was removed in response to the Division of Market Oversight's concern that the language in the Rule inadvertently implied that contingent transactions are permissible at times other than RTH. This amendment, seen here, will be effective as of Monday, August 8, 2005.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com