Notice to Members
Notice No. 416 08/22/2007
Submission of COMEX EFP Transactions
As noted in prior Notice 393, dated August 10, 2007 and Notice 404 dated, August 17, 2007, COMEX Division Exchanges of Futures for Physicals (EFP) transactions were permissioned to be submitted via the NYMEX ClearPort® Clearing Trade Entry Portal. In conjunction with this enhancement, the previously-established procedure which provided Clearing Members the ability to fax EFP information to the COMEX Trade Corrections Area was directed to be terminated effective Monday, August 20. However, due to operational issues that have been raised, NYMEX is re-instating, and extending use of the fax facility to the COMEX Corrections Area through Friday, August 31, 2007. NYMEX Staff will continue to review operational considerations with respect to the COMEX Division EFP submissions and will communicate any additional procedural changes.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com