• COMEX brokers will continue to use the current trading cards, and the card will continue to be the source document for data entry (see new trade recordation procedures).
  
  
• For markets that have migrated to TMS COMEX broker clerks will continue to perform data entry functions (sell side only). The buy side will be generated. The broker’s staff will also be responsible for account assignment, trade checkout and corrections (in addition, for buy side trades it will be necessary to add the execution time).
  
  * IMPORTANT! The price structure used in TMS for the Data Entry of Silver Futures and Options is as it appears in the Price Reporting System (PRS), for example:

• Alpha codes only – TMS does not recognize numeric broker codes. Therefore, use only the appropriate alpha broker codes for trading card recordation and trade processing.
  
  
• "As-of" resolution in migrated markets will be performed by broker clerks instead of clearing members for voids, price changes and "as-of" omits (trades never processed and/or cleared on trade date). Broker clerks will complete forms and submit them to Exchange staff in the Trade Processing Room.

  Note: The movement of a cleared trade from one clearing member to another will continue to be done by clearing members. However, for trades in migrated markets, instead of the current cancel/as-of procedure, the on-line trade transfer function via TMS will be utilized.
  
  * Please be aware that any unmatched trades from a market that has moved from OLTE to TMS must be processed as an “As-of” via TMS trade entry by Exchange staff.

• WHO functionality in migrated markets will no longer exist. Verbal checking, e-mails, claims from a buyer, and ring announcements are among the methods used by the NYMEX Division to determine unknown opposite brokers.
  
  
• Short codes have been transferred from the OLTE system to the TMS system, and it should be noted that those short codes which contain special characters, for example an asterisk, will be transferred, however, you will need to change any special characters to standard letters and/or numbers.

  Note: Short codes from TMS will take precedence over OLTE's short codes, if there are any duplicated short code from TMS and OLTE. Additionally, any short code(s) added to OLTE after the transfer, must be manually added to TMS.

• Average pricing will not be available in migrated markets at this time.
  
  
• In migrated markets, brokers that want all their trades to clear at one account, can arrange for this through the Membership Department by asking to be set-up for Auto-Allocate status.

• TMS does not recognize numeric broker codes; therefore use only the appropriate alpha broker codes for trading card recordation and trade processing.

• Place the value of the spread (differential) in the bottom portion of each entry line’s center field. Members must circle the spread value, to denote seller status of a spread (see e.g. 1).
  Note: Failure to circle the differential in the spread box will result in the entry of the sell leg only as an outright trade.
  
  
• If you are the buyer of the spread. Place a slash through the circled differential if you are the buyer of the spread. This will inform broker clerks to ignore the spread (see e.g. 2 & e.g. 3).

• Place the option components at the beginning. The futures component price must be written on the next line, across the Strike and Premium columns (see e.g. 4).
  * Note: When entering the trades, use the appropriate futures/options product codes.
  
  
• Draw a line from either of the above mentioned indicators when a multiple leg spread is involved; for example: Hedges; this will convey that all the components are part of one trade (see e.g. 5 & e.g. 6).

Note: The trade recordation procedures for trade types not listed have not been changed but please remember that only the seller inputs the trade.