Notice to Members
Notice No. 17
01/11/2006
NYMEX Operational Details for Martin Luther King Jr. Holiday on January 16, 2006
Please be advised that the NYMEX Europe Limited Exchange in London will be open for business on Monday, January 16, 2006 while NYMEX (or Exchange) will be closed in observance of the Martin Luther King Jr. holiday.

Consequently, the NYMEX Europe Brent Crude Oil Futures ("SC" or Brent Crude Oil) and Northwest Europe Gasoil Futures ("GR" or Gasoil) contracts both will be available for trading in London. However, because Monday is not otherwise a regular business day in New York, consistent with recent practice, the Exchange will not generate new settlement prices for this trade date but instead will use the settlement prices for these two contracts from Friday, January 13, 2006.

Please find below other NYMEX operational details in relation to this upcoming holiday:
  • NYMEX ACCESS® will not be open on Monday for the trade date of Monday. However, it will open at 7:00 PM Monday night, which will be the start of the Exchange's business day for Tuesday, January 17.

  • The extended COMEX-only trading session on NYMEX ACCESS® will occur on Friday, January 13, 2006 from 12:45 PM until 4:30 PM.

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

  • Brent Crude Oil trades and Gasoil trades will be processed in the normal manner.

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

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

  • CM download functionality will be available.

  • The Exchange will not perform any banking on Monday, January 16.

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

  • Open interest will be disseminated for NYMEX products only.

  • The usual fact sheets will be created.

  • Position Change Statements (PCS) will be accepted up to one hour after the London close (which will be at 1:00 PM New York time and 6:00 PM London time.

  • Large trader submission also will be performed.

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

  • Monday, January 16 is the PJM erosion processing day. NYMEX will supply the PJM erosion file on Monday.

  • MDR files will be transmitted in the normal fashion.
Should you have any questions, or require any further information, please contact Nymex Customer Service at 1-800-438-8616 or custcare@nymex.com.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com