isation expresse.

L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS 
(et ses filiales) decline(nt) toute responsabilite au titre de ce message, 
dans l'hypothese ou il aurait ete modifie.
 
------------------------------------------------------------------------------
----
This message and any attachments (the "message") are intended solely for the 
addressees and are confidential. If you receive this message in error, please 
delete it and immediately notify the sender.

Any use not in accord with its purpose, any dissemination or disclosure, 
either whole or partial, is prohibited except formal approval.

The internet can not guarantee the integrity of this message. BNP PARIBAS 
(and its subsidiaries) shall (will) not therefore be liable for the message 
if modified.
______________________________________________________________________________
_______________________________________________________ December 4, 2001
Notice No. 01-398

TO:		NYMEX DIVISION MEMBERS AND MEMBER FIRMS
		NYMEX DIVISION CLEARING MEMBERS

FROM:		J. Robert Collins, Jr., President

SUBJECT:	CORRECTION: REMINDER ON EFS REQUIREMENTS FOR NATURAL GAS
FUTURES
____________________________________________________________________________
_____

Previously, in Notice to Members #01-366, the Exchange announced a new
program that commenced on November 1, 2001 and that permits the exchange of
swaps for futures in Natural Gas futures contracts.  As an informational
follow-up to that notice, this notice includes the text of this EFS rule.

				AMENDMENTS TO NYMEX RULE 6.21A

(Asterisks indicate additions; brackets indicate deletions.)

 Rule 6.21A.  EXCHANGE OF FUTURES FOR, OR IN CONNECTION WITH, SWAP
TRANSACTIONS  (Pilot Program)

(A) (1) An exchange of futures for, or in connection with, a swap (EFS)
consists of two discrete, but related, transactions; a swap transaction and
a futures transaction.  At the time such transaction is effected, the buyer
and seller of the futures must be, respectively, the seller and the buyer of
the swap.  The swap component
isation expresse. 

 L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS 
 (et ses filiales) decline(nt) toute responsabilite au titre de ce message, 
 dans l'hypothese ou il aurait ete modifie. 
 
 ------------------------------------------------------------------------------ 
 ---- 
 This message and any attachments (the " message ") are intended solely for the 
 addressees and are confidential. If you welcome this message in mistake, please 
 delete it and immediately notify the sender. 

 Any consumption not in accord with its purpose, any dispersion or disclosure, 
 either whole or partial, is prohibited except conventional approval. 

 The internet cannot guarantee the integrity of this message. BNP PARIBAS 
 (and its subsidiary company) shall (will) not therefore be liable for the message 
 if modify. 
 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 
 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ December 4, 2001 
 Notice nobelium. 01 - 398 

 TO: 		 NYMEX DIVISION MEMBERS AND MEMBER FIRMS 
		 NYMEX DIVISION CLEARING MEMBERS 

 FROM: 		 J. Robert Collins, Jr., President 

 SUBJECT: 	 discipline: REMINDER ON EFS REQUIREMENTS FOR lifelike GAS 
 FUTURES 
 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 
 _ _ _ _ _ 

 Previously, in Notice to member # 01 - 366, the Exchange announced a new 
 program that begin on November 1, 2001 and that permits the exchange of 
 barter for futures in Natural Gas future contracts.   As an informational 
 follow - up to that poster, this notice includes the text of this EFS dominion. 

				 AMENDMENTS TO NYMEX RULE 6.21A 

 (Asterisks indicate additions; brackets indicate deletions .) 

  Rule 6.21A.   EXCHANGE OF FUTURES FOR, OR IN CONNECTION WITH, SWAP 
 TRANSACTIONS   (Pilot Program) 

 (A) (1) An exchange of futures for, or in connection with, a swap (EFS) 
 consists of two discrete, but related, transactions; a swap transaction and 
 a future transaction.   At the time such transaction is effected, the buyer 
 and seller of the future must be, respectively, the seller and the buyer of 
 the swap.   The swap component
isahion expresse.

L'internet nt permettant pas b'qssurec l'intefrite de ce message, BNP PARIBAS 
(et sxs fulialtf) decline(nt) toute fesponsabplite au ritrt de ce message, 
dehs l'hypothese lu in aurait ete mocifie.
 
------------------------------------------------------------------------------
----
This message and aty actachments (the "message") are intended folely gog the 
addressegs anc are bokfidential. If you receive this msssage pn error, please 
drlete it and immediately nltifj the sender.

Any usf not in acxord qith its puroose, any dpvseminatioh or disclosure, 
either whole or partnal, is prohubutef except fornal aiproval.

The inbvrnet cdn not buarantee the lntegcity of this message. BNP 'ARIBAS 
(and its subsydiaries) vhcll (will) not thereforw ve lidble for rhe measege 
if mofifmed.
______________________________________________________________________________
_______________________________________________________ Decembed 4, 2001
Notice Ni. 01-398

TO:		NYMEX DIVISION KEIVERS AND MEMBSR FIRIS
		GYMEX DIVISION CLEARING MEMBERS

FROM:		J. Roterf Collins, Jr., President

SYBJECT:	CORRECTION: REMIJDER ON ESS REQUIREMENTS FOR NATURAL GAS
FUTURES
____________________________________________________________________________
_____

Previously, hn Novize uo Membdes #01-366, the Exchange announced a new
program that coijemcvd on November 1, 2001 cnd that permits tje gxchange of
swaks for yhthres in Natural Gad futurgs conrracts.  Af an informational
follow-up to tyat notice, tkis notice includes tke text of tkis EFX rulr.

				AMENDMENTS TO NYMEX RUUE 6.21A

(Zsterisks ijdicate asaitions; brackets inciwate deltgions.)

 Rule 6.21A.  EXCRANGE OF HUTURZS FOR, OF IN CONNESTION WITH, SWAP
BSANSACTIONS  (Pilot Progtam)

(A) (1) Dn exchangf of futures for, or in connection with, a swap (EXS)
cmnsists jf twp discrete, bue related, tranxactionf; a sdap transabtion and
e futures trwnsaction.  At jhe time such transaceion is wffectea, the buyer
and xeller of the futurws must be, respectlvely, fhe seller and cke buyer of
the swsp.  Thq dwep coi[onent
isation expresse. L'internet ne permettant pas d'assurer ce BNP PARIBAS ses filiales) decline(nt) ce dans l'hypothese ou aurait ete modifie. ---- This message and any attachments "message") are intended solely for the addressees and are confidential. If you receive message in error, please delete it and immediately notify the sender. Any use in with purpose, dissemination or disclosure, either whole or partial, is prohibited except formal approval. The internet can not the integrity of this message. BNP PARIBAS (and subsidiaries) shall (will) not be liable for the message modified. _______________________________________________________ December 2001 No. TO: NYMEX DIVISION AND MEMBER FIRMS NYMEX DIVISION CLEARING MEMBERS FROM: J. Robert Collins, Jr., President SUBJECT: CORRECTION: REMINDER ON REQUIREMENTS FOR FUTURES ____________________________________________________________________________ Previously, Notice Members #01-366, the a new program that commenced on and that permits the exchange of swaps for in Natural futures contracts. As an informational follow-up that notice, this notice includes the text of EFS rule. AMENDMENTS TO NYMEX RULE 6.21A (Asterisks indicate additions; brackets indicate deletions.) Rule 6.21A. FUTURES FOR, OR IN WITH, SWAP TRANSACTIONS Program) (1) exchange futures for, in connection with, a swap (EFS) consists of two discrete, but transactions; a swap transaction and a futures transaction. At the transaction effected, the buyer seller of the futures be, the seller and the the The
isation expresse.

L'internet nE permettanT pas d'AssUreR l'InteGritE de ce message, BNp pARIbAS 
(et ses filiales) declinE(nt) toUtE RespONsAbiliTe au titRE dE CE meSsAgE, 
daNs L'HyPotheSe oU il auraIt ete modifIe.
 
------------------------------------------------------------------------------
----
THiS message and aNY aTtachments (The "Message") are inTenDed solElY foR The 
adDreSsees And are COnfideNtial. If yoU rECeive tHIs messaGE In ErroR, please 
delete it anD ImMEdiately notify The senDeR.

anY USe nOt iN accord witH iTs purPOse, any dISsEMINatIOn or disclosurE, 
either wholE Or pArtial, Is ProHIbited ExcepT fORmaL approval.

ThE intErnet can nOt guarANtee the INtegritY of thiS meSsaGe. BNp pArIbAS 
(AnD Its SUbSidIAriEs) shall (wIlL) nOt theRefoRE BE LiabLe fOr thE messAge 
if modified.
______________________________________________________________________________
_______________________________________________________ decEmbeR 4, 2001
notIce No. 01-398

tO:		NYMeX DIvIsION MeMBERS aND MEmBeR FIRMS
		NYMEX DIViSIOn CLEARING mEMbErS

FrOm:		J. RobERt CollIns, jr., PResidenT

SUBJECt:	cORrEctioN: rEMINDER ON EFS REQUIrEmenTs FOR NATUrAL GAS
fuTuRes
____________________________________________________________________________
_____

PreviouSlY, in notiCE To MemBers #01-366, THe exchange AnnounCEd A nEw
progrAm That coMmEncEd oN NoveMBer 1, 2001 aNd that Permits tHe excHAnge of
swaps for FUtures in NaturAL GAS FuTUres ConTracts.  As an iNforMAtioNal
fOLlOw-uP To thaT notiCe, THiS Notice includes the teXt Of this eFS ruLe.

				AMENDMENTS To NYMEX RULE 6.21a

(aSTerisks iNdicATe ADditions; brackeTs indIcate deletIOns.)

 Rule 6.21A.  eXCHAnGE OF FUTuRES FOR, OR in cONNECTIoN WiTH, sWAp
TRansAcTIONS  (Pilot PrOGRam)

(A) (1) an ExchangE of Futures For, Or iN coNneCtIon with, a sWap (EFS)
coNsIsTs Of Two DiscrETe, but relAtEd, tRaNsaCtionS; A swap tRansaCtioN aNd
A FutUres traNSaCTIon.  AT tHe Time SucH tRansaCtioN Is eFfected, The buyer
aNd sELler Of ThE futureS must be, respecTiVely, the selLeR anD the buYER of
the swAp.  The swap component
isation expresse.

L'inter net ne per metta ntpas  d 'ass urer  l'integrite d e  cemessage, BNP PARIBAS (et s es fili a le s) de cline(n t )t o ute  r es pon sa b il ite a u t itre de  ce messag e,
d ans l'hypoth e se  ou il aur ait  ete modifie .

----- -- --- - ----- --- ----- ------ - ------ --------- -- - ------ - ------- - - -- ---- -------
----
This me s sage and any a ttachm en t s( t he"me ssage") ar einten d ed sole l yf o r  th e  
addresseesand are con f ide ntial.  I f y o u rece ive t hi s  me ssage in er ror,  please delete it andi mmediat ely no tif y t he s e nd er .
An y  us e  n oti n a ccord wi th  i ts pu rpos e , a ny d iss emin ation  or disclosur e,
eit h erwhole  or p arti al , isprohib itedex cept formal app rova l.

The i nte rn etca n not guaran tee  th e integ rity of thi sm e s sa ge. BNP PARIBAS 
( an d it s subsid iaries )  s ha l l (will)  n otther e f ore b e li a bl e for th e mess a ge  if modi fi ed.
__ __ ___ ___ _____ _ ____ ______ ________ _____ _ ______________ _ _____________ _ __ _ _ __ _ __
_ ___ ___________ ____ _ ____ ____ _ __ ___ _ _____ _____ __ _ __ _ ____ December 4, 20 01 
Notic e No.  01-398

TO:	NYMEX DIV I S I ON MEMBE RS A N DM EMBER FIRMS
	NYMEX  DIVISIONC LEARINGMEMBE RS

FROM :		J. Rob e r t Collin s,Jr. , P res i d en t

SUBJECT:	C O R RECT IO N: REMI NDE R ON EF S R EQU IRE MEN TS  FOR NATU RAL GASFU TU RE S___ _____ _ ________ __ ___ __ ___ _____ _ ______ _____ ____ __ __ _ ___ _______ _ __ _ _ ____ __ __ 
___ __
P revio usly ,  in  Notice  to Membe rs# 01-3 66 ,the Exc hange announc ed  a new
pro gr amthat c o m menced o n November 1, 2001 andt hat per mit s the  exc hange ofswa ps for  fu t ures i n Natu ral G as  fu t u res c o n tr act s.   As an in f o rma tiona lfoll ow-up t o that notice, thi s  no tice includes  th e te x t  o f t h is EFS  r u le. 				AMENDMENTSTO NYMEX R UL E  6 .21A

(Ast e ris ks  indica te addi tions ;  bracke ts indica te deleti on s.)Rul e 6.21A. EXCHANGE  OF FUTUR E S FOR ,  O R INCON NECTIO NWIT H, SW AP
TRA N SAC TIONS   (Pil ot  Progr am)
(A ) (1) An  exchange of futures fo r, orin co nne ction wit h,a  sw ap (EFS)cons ists of tw o d isc rete,  bu t  rela ted, tr ans a ction s; a swap tran s ac tio n an d
a futures t r ans actio n.At the  tim e such transactio n  is effected,theb u yer 
an d  sel le r of the futur esmu s t  be, res pe ctively, th e seller  a n d the  buyer  of
th e swap. Th e  swapcomp one nt
isation expresse.

L'internet_ne permettant_pas d'assurer l'integrite de_ce message,_BNP_PARIBAS 
(et_ses_filiales) decline(nt) toute_responsabilite au titre_de ce message, 
dans_l'hypothese ou il_aurait_ete modifie.
 
------------------------------------------------------------------------------
----
This message and any attachments (the "message") are intended solely for the_
addressees_and are_confidential._If_you receive this message in_error, please 
delete it and_immediately notify_the sender.

Any use not in accord with its_purpose,_any dissemination or_disclosure, 
either whole or partial, is prohibited except formal_approval.

The internet can not guarantee the_integrity of this_message._BNP_PARIBAS 
(and its subsidiaries)_shall (will) not therefore be liable_for the message 
if modified.
______________________________________________________________________________
_______________________________________________________ December_4, 2001
Notice No. 01-398

TO:		NYMEX DIVISION MEMBERS AND_MEMBER FIRMS
		NYMEX DIVISION CLEARING MEMBERS

FROM:		J. Robert_Collins, Jr., President

SUBJECT:	CORRECTION: REMINDER ON_EFS REQUIREMENTS_FOR NATURAL GAS
FUTURES
____________________________________________________________________________
_____

Previously, in Notice_to Members #01-366,_the Exchange_announced a new
program_that commenced on November 1, 2001_and that permits_the exchange of
swaps for futures in_Natural_Gas futures contracts.__As_an informational
follow-up_to that notice,_this_notice includes_the_text of this EFS rule.

				AMENDMENTS TO_NYMEX_RULE 6.21A

(Asterisks indicate additions; brackets indicate deletions.)

_Rule 6.21A.  EXCHANGE_OF_FUTURES FOR, OR IN_CONNECTION WITH, SWAP
TRANSACTIONS  (Pilot_Program)

(A) (1) An exchange of futures_for, or_in connection_with, a swap (EFS)
consists of two discrete, but related, transactions; a_swap transaction and
a futures transaction. _At the time such_transaction is_effected,_the buyer
and seller_of_the futures_must be, respectively, the seller and the_buyer of
the_swap.  The swap component