CME Group Member Collections Policy Notice

The CME Group has a Member collections policy in place to address past due accounts. As a result of the CME Group acquisition of NYMEX, this policy now applies to all NYMEX and COMEX Members.

Policy

Members with past due balances are subject to NYMEX Rule 2.45:

NYMEX Rule 2.45 Failure to Pay Fines, Dues, Assessments and Fees
(B) Dues, assessments and fees– Dues, assessments, and fees owed to the Exchange are payable upon receipt of the invoice. Class A Members in arrears 30 days after the invoice date may forfeit all membership privileges, including the privilege of accessing the floor and reduced clearing and trading fees, including Globex fees. Exchange staff shall use reasonable efforts to notify the Class A Member before any privileges are forfeited.

On a monthly basis, Members are sent a Statement of Account. Amounts reflected as past due on that statement are subject to the following collections process, effective immediately:

1. Member access to the NYMEX building and NYMEX/COMEX trading floors will be suspended.
2. Member must report to the Security desk to obtain a notification of past due balance letter and sign as acknowledgement of receipt. Building access will be reinstated.
3. Member has two weeks from receipt of the letter to contact Accounting and resolve the past due balance. Account balance is resolved by payment.
4. If payment or resolution does not occur during the two week period, the member’s access and floor privileges will be suspended and any potential cost reduction program credits will be forfeited.

We appreciate your attention to this notice. If you have any questions, or would like to resolve past due balances prior to access being suspended, please contact: