Notice to Members
Notice No. 480 10/13/2005
NYMEX Statement on Clearing Member, Refco, LLC
Refco, LLC is a clearing member of the New York Mercantile Exchange, Inc., on both its NYMEX and COMEX Divisions. Refco, LLC is a subsidiary of Refco Inc. Refco, LLC meets and continues to meet all its obligations at NYMEX and is in good standing. All customer positions and funds held by Refco LLC are specifically segregated from firm assets in compliance with CFTC regulations and NYMEX rules. NYMEX has restricted the withdrawal of any capital (including any excess capital) by Refco LLC without the Exchange's prior approval. The financial surveillance and risk management staff at NYMEX has been and is still in continuous contact with the firm regarding its clearing member obligations at NYMEX. The administration of the system of financial and risk safeguards at NYMEX, which is designed to ensure the financial protection of all clearing members and their customers, is of the highest importance to NYMEX.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com