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Enron Mail |
February 1, 2001
Notice No.: 01-48 2001/2002 NEW YORK MERCANTILE EXCHANGE, INC. AND COMMODITY EXCHANGE, INC. COMMITTEES The Committees for 2001/2002 are now in the process of being formed. If yo= u=20 are interested in serving on any Exchange committee or wish to recommend th= at=20 a non-member, industry participant be appointed to a committee, please fill= =20 out the attached committee request form and return the form NOT LATER THAN= =20 FRIDAY, FEBRUARY 16, 2001 to Donna M. Talamo, Office of the Corporate=20 Secretary, New York Mercantile Exchange, Inc, One North End Avenue, Room=20 1548, New York, NY 10282 (or fax at 212-301-4645). The number of requests usually exceeds the number of committee positions=20 available. However, we will do our best to accommodate as many requests as= =20 possible. There will also be the opportunity for appointments during the= =20 year as special committees are formed and vacancies occur. Your interest i= n=20 serving on an Exchange committee is sincerely appreciated. Attached for your reference is a list of the various Exchange committees wi= th=20 a brief description of each. Inquiries regarding the aforementioned may be directed to Donna M. Talamo a= t=20 (212) 299-2372. NEW YORK MERCANTILE EXCHANGE, INC. COMMODITY EXCHANGE, INC. 2001/2002=20 COMMITTEE DESCRIPTIONS NYMEX ACCESSc ADVISORY COMMITTEE: Responsible for reviewing and recommendi= ng=20 action to the Board on proposals and programs with respect to enhancing the= =20 use of NYMEX ACCESSc in Exchange trading both domestically internationally. NYMEX ACCESSc TRADE REVIEW COMMITTEE: Responsible for reviewing the=20 circumstances surrounding NYMEX ACCESSc transactions to determine whether a= =20 transaction should be cancelled. ADJUDICATION COMMITTEE: Responsible for hearing and deciding all=20 disciplinary proceedings brought against members by the Compliance Departme= nt=20 upon the recommendation of the Business Conduct Committee. ALUMINUM ADVISORY COMMITTEE: Responsible for providing technical advice to= =20 the Board with respect to appropriate amendments to the Exchange=01,s alumi= num=20 contract to keep it current and relevant. APPEALS COMMITTEE: Responsible for reviewing actions by the Adjudication= =20 Committee when requested to do so by a respondent subject to an adverse fin= al=20 decision of the Adjudication Committee. ARBITRATION COMMITTEE: Conducts Arbitrations between members and between= =20 members and the trading public with respect to disputes concerning=20 transactions and business on the Exchange. BUSINESS CONDUCT COMMITTEE: Responsible for reviewing Compliance=20 recommendations with respect to disciplinary actions against members and=20 recommending appropriate action to the Adjudication Committee or Board. BY-LAWS COMMITTEE: Responsible for drafting all amendments and proposals f= or=20 By-Laws on the Exchange. CHAIRTABLE FOUNDATION COMMITTEE: Initiates, oversees, reviews and recommen= ds=20 charitable organizations that are in need of contributions by the NYMEX=20 Foundation to the Executive Committee. The Committee works closely with=20 members and their respective charities to positively promote the efforts of= =20 the Exchange. CLEARING HOUSE COMMITTEE: Responsible for the oversight of the Exchange=01= ,s=20 clearing house, especially with respect to the analysis and recommendation= =20 for the implementation of new procedures affecting clearing. COAL ADVISORY COMMITTEE: Responsible for providing technical advice to the= =20 Board with respect to the development of a coal contract. COMPLIANCE REVIEW COMMITTEE: Responsible for reviewing the Exchange=01,s= =20 compliance and self regulatory programs. CONTROL COMMITTEE: Consists of subcommittees for each commodity trading on= =20 the Exchange and is responsible for reviewing and when necessary endeavorin= g=20 to correct any circumstances which might interfere with the orderly=20 functioning of the markets. COPPER ADVISORY COMMITTEE: Responsible for providing technical advise to t= he=20 Board with respect to appropriate amendments to the Exchange=01,s Copper=20 contract to keep it current and relevant. CRUDE OIL ADVISORY COMMITTEE: Responsible for providing technical advise to= =20 the Board with respect to appropriate amendments to the Exchange=01,s Crude= Oil=20 contract to keep it current and relevant. DELIVERY COMMITTEE: Responsible for reviewing particular deliveries in the= =20 Exchange=01,s contract to determine whether those deliveries are being cond= ucted=20 in accordance with contract provisions concerning timing, location and=20 quality of product delivered. ELECTRICITY ADVISORY COMMITTEE: Responsible for providing technical advise = to=20 the Board with respect to appropriate amendments to the Exchange=01,s=20 Electricity contracts to keep them current and relevant. EQUITY HOLDERS=01, ADVISORY COMMITTEE: Responsible for reviewing and=20 recommending action to the Board on proposals and programs that address the= =20 concerns of the Equity Holders. FCM ADVISORY COMMITTEE: Responsible for reviewing and recommending action = to=20 the Board on proposals and programs that address the concerns of the FCM=20 community. FACILITIES COMMITTEE: Primarily responsible for allocating and ensuring=20 proper utilization of booths on the trading floor. Also responsible for=20 reviewing and recommending to the Board all actions with respect to the=20 construction and maintenance of the Exchange's Physical plant, with primary= =20 emphasis on the trading floor. FINANCE COMMITTEE: Responsible for general supervision of Exchange financi= al=20 affairs and recommending action in that regard to the Board. FLOOR BROKER ADVISORY COMMITTEE: Responsible for reviewing and recommending action to the Board on proposals and programs that address the= =20 concerns of the floor broker community. FLOOR COMMITTEE: Responsible for maintaining orderly trading, good order a= nd=20 decorum on the floor as well as suggesting policies which affect the tradin= g=20 floor to the Board. GOVERNMENT RELATIONS COMMITTEE: Responsible for supporting and expanding= =20 communication and understanding of the NYMEX marketplace and related issues= =20 to elect government officials at the national, state and local levels. =20 Members of the NYMEX Government Relations Committee are called upon to=20 represent NYMEX at visits of political office holders to the Exchange, at= =20 federal, state and local politicians. INSTITUTIONAL MONEY MANAGEMENT ADVISORY COMMITTEE: The Committee will=20 include CTAs, CPOs, hedge funds, pension funds, investment consultants, FCM= =20 institutional marketing staff and academic specialists. The Committee=01,s= role=20 will be threefold: to advise the Exchange on the most effective ways to=20 market to institutional customers, including public and corporate pension= =20 funds, endowments and insurance companies; to advise on how to support the= =20 growth of the managed futures industry=01,s diversified funds, which trade = NYMEX=20 contracts; and to advise the Exchange on the investment and trading needs o= f=20 institutional customers related to NYMEX contract rules and specifications. LOCALS=01, ADVISORY COMMITTEE: Responsible for reviewing and recommending= =20 action to the Board on proposals and programs that address the concerns of= =20 the local community. MARGIN COMMITTEE: Responsible for reviewing the volatility of COMEX=20 contracts to determine whether margins should be altered. MARKETING COMMITTEE: Advises the Board on marketing goals and strategies, = on=20 developing tactics for reaching the goals. Separate advisory subcommittees= =20 specialize in key geographic regions to guide the Marketing Committee on th= e=20 indigenous business and cultural environments in the target areas. MEMBERSHIP COMMITTEE: Reviews matters relating to individual applications= =20 for membership, conferring of membership privileges on firms and the transf= er=20 of memberships. METALS ADVISORY COMMITTEE: Responsible for providing technical advice to t= he=20 Board with respect to appropriate amendments to the Exchange=01,s metals=20 contracts to keep them current and relevant. NATURAL GAS ADVISORY COMMITTEE: Responsible for providing technical advise = to=20 the Board with respect to appropriate amendments to the Exchange=01,s Natur= al=20 Gas Contract to keep it current and relevant. OPTIONS ADVISORY COMMITTEE: Responsible for providing technical advice to= =20 the Board with respect to appropriate amendments to the Exchange=01,s optio= ns=20 contract to keep them current and relevant. PETROLEUM PRODUCTS ADVISORY COMMITTEE (Heating Oil and Gasoline): Responsib= le=20 for providing technical advise to the Board with respect to appropriate=20 amendments to the Exchange=01,s Heating Oil and Gasoline contracts to keep = them=20 current and relevant. PLATINUM ADVISORY COMMITTEE: Responsible for providing technical advise to= =20 the Board with respect to appropriate amendments to the Exchange=01,s Plati= num=20 contract to keep it current and relevant. PRECIOUS METALS ADVISORY COMMITTEE: Responsible for providing technical=20 advise to the Board with respect to appropriate amendments to the Exchange= =01,s=20 Gold and Silver contracts to keep them current and relevant. PROPANE ADVISORY COMMITTEE: Responsible for providing technical advise to= =20 the Board with respect to appropriate amendments to the Exchange=01,s Propa= ne=20 contract to keep it current and relevant. RULES COMMITTEE: Responsible for making recommendations to the Board for= =20 consolidating the rules of the NYMEX Division and COMEX Division and=20 amendments to and deletions from Term Sheet Rules. SETTLEMENT COMMITTEE: Establishes the settlement price of the Exchange=01,= s=20 contracts on a daily basis, pursuant to procedures set forth in the rules o= f=20 the Exchange. STOCK INDEX & FUTURES COMMITTEE: Responsible for providing technical advis= e=20 to the Board with respect to the development of equity-related futures=20 products. TECHNOLOGY COMMITTEE: Responsible for reviewing and recommending action to= =20 the Board on proposals and programs with respect to enhancing the use of=20 technology in Exchange trading, clearing, information and communications=20 systems. TRAINING AND EDUCATION COMMITTEE: Oversees, reviews, directs and in some= =20 cases, participates in the various training programs that support the=20 Membership, their staff and the operation of the Exchange. This includes= =20 training programs for floor and back office staff in support of the=20 Membership and NYMEX ACCESSc certification and training. Reviews and=20 recommends to the Board, training and education proposals and plans that ma= y=20 have significant impact on the successful implementation of the Exchange=01= ,s=20 policies, procedures and strategies. NEW YORK MERCANTILE EXCHANGE, INC. COMMODITY EXCHANGE, INC. 2001/2002 COMMITTEE REQUEST FORM _______________________________ Name (Please print) ______________________ Trading Badge Symbol _______________________________ Firm Affiliation _______________________________ _______________________________ Address ____________________________ Telephone Number ______________________ e-mail Address I am: (Please check at least one of the boxes below.) 1. <caron< a NYMEX Division Member 2. <caron< a COMEX Division Member 3. <caron< Other I am interested in serving on the following Exchange committees: 1. __________________________ 2. __________________________ 3. ___________________________ 4. ____________________________ 5. __________________________ 6. __________________________ 7. ___________________________ 8. ____________________________ 9. __________________________ 10. __________________________ PLEASE RETURN TO MS. DONNA TALAMO, OFFICE OF THE CORPORATE SECTRETARY, NEW= =20 YORK MERCANTILE EXCHANGE, INC., ONE NORTH END AVENUE, ROOM 1548, NEW YORK,= =20 NY 10282 (OR FAX 212-301-4645) NOT LATER THAN FRIDAY, FEBRUARY 16, 2001. __________________________________________________ Please click on the link below to indicate you have received this email. "http://208.206.41.61/email/email_log.cfm?useremail=3Dsara.shackleton@enron= .com& refdoc=3D(01-48)" 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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