Notice to Members
Notice No. 300
06/07/2007
Restricting Cash Disbursements to Customers
The Board of Directors has approved a new Rule (4.07) which restricts cash disbursements made by NYMEX Clearing Members directly to their respective customers to a maximum of $5,000 during any single business week (Monday to Friday). Such a restriction is intended to ease the operational burden currently posed on our Clearing Members and address certain other control issues. The new Rule is effective Monday, June 11, 2007.

Please note that the Exchange is reviewing the possibility of placing additional ATMs within the NYMEX building at One North End Avenue to offset any inconvenience

The new Rule is as follows:
NYMEX Rule 4.07 – Cash Disbursements to Customers

A Clearing Member may not disburse in the form of cash more than a total of $5,000 to any of its customers during any single business week (Monday through Friday). For the purpose of this Rule, "customer" is deemed to include any person or entity that maintains a futures trading account with the respective Clearing Member.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com