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Enron Mail |
Notice No. 01-41
January 31, 2001 TO: ALL NYMEX MEMBERS AND MEMBER FIRMS FROM: Neal L. Wolkoff, Executive Vice President RE: Amendments to NYMEX Rule 6.40B (Trading at Settlement (Pilot Program)): Extension of Pilot Program DATE: January 31, 2001 __________________________________________________________ Please be advised that the Exchange has amended NYMEX Rule 6.40B (Trading at Settlement (Pilot Program)). The amendments, which are attached below, become effective tomorrow on February 1, 2001. Briefly, the pilot TAS programs now in effect for Crude Oil and Natural Gas futures contracts are being extended until further notice from the Exchange. If you have any questions concerning the above, please contact George Henderson, Vice President, Floor Data Entry and Systems, NYMEX Floor Department, at (212) 299-2071, or Brian Regan, Senior Associate General Counsel at (212) 299-2207. (Asterisks indicate additions, and brackets indicate deletions.) Rule 6.40B TRADING AT SETTLEMENT (PILOT PROGRAM) (A) Trading at Settlement Procedure. A floor member may enter into a transaction at the settlement price through open outcry with another floor member in any futures contract and delivery month specified in section (C) of this rule. Any such trade (collectively referred to as a trading at settlement or TAS) shall be made by open outcry no later than 3:10 p.m. or such other time as designated by the Board on that same trading day in the trading ring designated for trading in the particular contract. (B) Reporting and Recordation. All TAS transactions shall be identified as such on the executing member's trading records prepared in accordance with Rule 6.10 (Reporting of Trades Executed on the Trading Floor). (C)Transactions Eligible for Board Approval For Trading at Settlement Procedures. The Board may, by resolution, authorize the execution of transactions in any or all of the futures contracts and delivery months specified below pursuant to the TAS order procedures set forth in this Rule 6.40B. Futures Contract Delivery Month Crude Oil Spot Month (except on the last trading day) Natural Gas Spot Month (except on the last trading day) (D) This pilot program shall expire on the following dates: Futures Contract Expiration Date Crude Oil * extended until further notice * [January 31, 2001] Natural Gas * extended until further notice * [January 31, 2001] __________________________________________________ Please click on the link below to indicate you have received this email. "http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com& refdoc=(01-41)" Note: If you click on the above line and nothing happens, please copy the text between the quotes, open your internet browser, paste it into the web site address and press Return.
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