(01-344) Brent Final Settlement Procedure on October 16, 2001

Notice No. 01-344
October 15, 2001

TO:
All Exchange Members

FROM:
J. Robert Collins, Jr., President

Subject:
Brent Final Settlement Procedure on October 16, 2001

On Tuesday, October 16, the NYMEX Brent Futures Contract for November will
terminate. The Platts Brent Index, which is used to cash-settle the
contract, will be based on cash market information collected during the
hours of 9:00 a.m. until 2:30 p.m. (New York time) on October 16. The
final
settlement price for the November contract will be published by Platts
based
on cash market activity and price indications between the hours of 9:00
a.m.
and 2:30 p.m.