Notice to Members
Notice No. 506
11/20/2007
Housekeeping Amendment to Rule 9.36(D)
The amendment to Rule 9.36, Penalties, Section (D), returns the layout of the Rule regarding the automatic fine schedule for speculative limit violations back to its original tabular form. The change in format may have been effected when the Rulebook was transferred to the NYMEX website from its prior published form. The amendments will be effective November 21, 2007.

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(Bold/italics indicates additions, and strikethroughs indicate deletions.)
(D) Automatic Fine Schedule for subsequent speculative limit violation within a 12-month period. As used in this Sub-paragraph (D), the word "contract" shall mean any futures contract, an option contract, or a futures-equivalent position, in excess of that allowed under Rules 9.26 - 9.35.

Situation Fine Assessed Against

(1) Member account over speculative position limits - $1,000 Member and Clearing Member speculative position limits.

(2) Non-Member Customer account over speculative position limits - $1,000 Clearing Member count over speculative position limits.

(3) House account over speculative position limits - $1,000 Clearing Member speculative position limits.

Situation
Fine
Assessed Against
(1) Member account over speculative position limits.
$1,000
Member and Clearing Member
(2) Non-Member Customer account over speculative position limits.
$1,000
Clearing Member
(3) House account over speculative position limits.
$1,000
Clearing Member
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com