Notice to Members
Notice No. 143 03/07/2007
Exchange/Clearing Fee Credit Requests, NYMEX Rule 9.09(C)
The NYMEX Board of Directors, at its regularly scheduled meeting approved the modification of Rule 9.09(C) governing Exchange/Clearing fee credit requests. With the introduction of the new e-Billing system over two years ago, Exchange Clearing Members are now able to manage fees charged to their accounts on a daily basis thus ensuring the accuracy of billed volume. Our current policy allows for the Clearing Members to submit credit requests via the billing system for a period of three (3) months plus the balance of the month which the credit request has been applied for. The Exchange/Clearing fee credit request period has been modified to two (2) months plus the balance of the month which the credit request has been applied for. The effective date of this rule modification will be for the open of business April 2, 2007. It is recommended that all Operations Managers and Billing Supervisors of Clearing Member Firms review their accounts on the e-Billing system for both NYMEX and COMEX to ensure proper registration. As an example: Up until the last day in April, Clearing Member "A" will be able to re-submit through the e-Billing system, an Exchange/Clearing fee credit request that would include all trading dates for the period of February– March plus the balance of the days in April. If Clearing Member "A" submits the same request on May 1st, the Clearing Member will only be able to receive a return of fee credit for the period beginning March – April plus the balance of days in May.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com