Notice to Members
Notice No. 428 08/19/2008
NYMEX Class A Membership Seat Market Procedures and Eligibility for $750,000 Membership Rights Payment
The Membership Department will re-open the seat market and begin accepting new bids and offers for NYMEX Class A Memberships on Wednesday, August 20, 2008, at 9:00 a.m. The seat market for NYMEX Class A Memberships will be open from 9:00 a.m. until 5:00 p.m. on Wednesday, August 20, 2008 and Thursday, August 21, 2008. The seat market for NYMEX Class A Memberships will not be open on Friday, August 22, 2008 in anticipation of the closing of the merger. The COMEX seat markets remain unchanged. In order to be eligible to receive the $750,000 NYMEX Class A Membership Rights Payment, NYMEX Class A Memberships must be owned as of the closing date of the merger (expected to be on Friday, August 22, 2008). For NYMEX Class A Memberships purchased on August 20, 2008 and August 21, 2008, payment must be received NO LATER THAN NOON ON FRIDAY, AUGUST 22, 2008.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com