Members and their customers should be aware that the trading migration will occur
automatically after the close of business of the final day that the Affected Contracts are listed for
trading in Dublin. If any Member or its customers do not wish to have their open Affected
Contracts become subject to the trading rules of NYMEX Europe Limited, they will need to
liquidate or offset such open positions prior to delisting for trading of these contracts on
NYMExX's trading facility in Dublin.

Members are required to notify all customers with positions in the Affected Contracts regarding
the information contained in this Notice and to identify the pricing convention preferred by
customers seeking to re-establish their positions on the NEL market.

NYMEX will continue to update Members regarding the final day of trading on the Dublin facility
and the expected launch date of trading on NYMEX Europe Limited.

Any questions regarding this Notice should be directed to Thomas LaSala, Senior Vice
President, Compliance and Risk Management, at (212) 299-2897, Sean Keating, Senior Vice
President, Clearing, at 299-2135, or Charlie Bebel, Vice President, Clearing, at 299-2130.

Forward Looking and Cautionary Statements

NYMEX Holdings has attempted, wherever possible, to make statements in good faith, as of the
date of this release, by using words such as anticipates, believes, expects, and words and
terms of similar substance in connection with any discussion of its present and future operations
within the industry. Any forward-looking statements made by, or on behalf of, NYMEX Holdings
and NYMEX Europe involve a number of risks, trends, uncertainties, and other factors which
may cause actual results to differ materially, including receipt of the necessary Commodity
Futures Trading Commission and Financial Services Authority approval; timely performance and
cooperative effort of exchange partners; and changes in financial or business conditions at
NYMEX.


August 25, 2005
Via E-Mail

Office of the Secretariat

Commodity Futures Trading Commission
Three Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

Re: _ Self-Certification of Notice to NYMEX Members. NYMEX
Submission 05.148: Notification of Migration of Listing of
Trading of Certain Listed Futures Contracts from NYMEX
to New NYMEX Affiliate in London.

Dear Ms. Jean Webb:

The New York Mercantile Exchange ("NYMEX" or the "Exchange") is self-certifying to
the Commodity Futures Trading Commission (“CFTC” or “Commission”) the attached Notice to
Members, which will inform NYMEX Members of the impending migration of the listing for
trading o f NYMEX Brent Crude Oil Futures and NYMEX Northwest Europe Gas Oil Futures
Contracts from the NYMEX Trading Facility in Dublin to NYMEX Europe Limited.

The attached Notice to Members was submitted as an attachment to the voluntary request for
Commission Rule Approval filed on August 19, 2005, as well as a subsequent amended submission
filed on August 25, 2005 (NYMEX Submission 05.144: Migration of Listing of Trading of Certain
Listed Futures Contracts from NYMEX to New NYMEX Affiliate in London). The attached Notice
to Members will be issued on Friday, August 26, 2005. Pursuant to Section Sc(c) of the Commodity
Exchange Act (“Act”) and CFTC Rule 40.6, the Exchange hereby certifies that the attached
procedure complies with the Act, including regulations under the Act.

Should you have any questions concerning the above, please contact Nancy Minett, Vice
President, Compliance, at (212) 299-2940.

Very truly yours,

Thomas F. LaSala
Senior Vice President
Compliance and Risk Management

ce: Brian Regan
Nancy Minett


Notice No. 05-345

August 26, 2005

TO: All Exchange Members, Member Firms and Clearing Managers

FROM: James E. Newsome, President

RE: Migration of the Listing for Trading of NYMEX Brent Crude Oil Futures and

NYMEX Northwest Europe Gas Oil Futures Contracts from the NYMEX Trading
Facility in Dublin to NYMEX Europe Limited

As Members are aware, NYMEX Europe Limited (or “NEL”), a recently formed U.K. affiliate of
NYMEX, has applied to the U.K. Financial Services Authority ("FSA") for an order designating it
as a U.K. recognized investment exchange ("RIE") in London. The application is in review and
as of this writing NYMEX Europe does not have a confirmation of, or firm date for, the issuance
of such order by the FSA.

In anticipation of approval of the RIE designation request submitted by NEL, NYMEX wishes to
inform its Members and market participants of operational procedures relating to the migration
of the listing for trading of Brent Crude Oil Futures (commodity symbol SC) and Northwest
Europe Gas Oil Futures (commodity symbol GR) Contracts (the "Affected Contracts") from the
NYMEX trading facility in Dublin to NYMEX Europe Limited. NYMEX will further update the
Membership as more information becomes available concerning a launch date for trading on
NYMEX Europe Limited. NYMEX has filed a migration plan with the Commission, and unless
advised to the contrary, expects the Commission to approve the following procedures.

As of the launch date of NYMEX Europe Limited as an RIE, all open positions in the Affected
Contracts will no longer be listed or traded on the NYMEX trading facility in Dublin and will be
listed and traded only on and subject to the rules of NYMEX Europe Limited. However, all such
Affected Contracts will continue to be cleared by NYMEX, Inc. in its capacity as the clearing
organization contracted by NYMEX Europe Limited for this service (and NEL will be responsible
to the FSA for the applicable requirements as a RIE). In addition, the clearing rules of NYMEX,
Inc. will continue to govern the clearing and settlement of all Affected Contracts following the
migration of trading.

Pursuant to the authority set forth in NYMEX's Bylaws and Rules, NYMEX intends to delist the
Affected Contracts from trading on the NYMEX trading facility in Dublin and provide for the
migration of the trading of the Affected Contracts on NEL. This change in listed contracts, will
apply to all open positions in the Affected Contracts as of the launch date of NYMEX Europe
Limited. All product specifications and other terms and conditions rules then in effect for the
Affected Contracts will remain the same.

All open interest will automatically be transferred in accordance with the following procedure.

As of the close of trading of the Dublin facility on the Friday on which the Dublin facility ceases
trading all open positions in Brent Crude Oil Futures and Northwest Europe Gas Oil Futures (the
“Affected Contracts”) carried by NYMEX, Inc. Clearing Members will be automatically closed out


and new positions in the Affected Contracts on NEL opened on the same side of the market and
at the same quantity as the original positions of those Clearing Members in the Affected
Contracts. NYMEX, Inc. in its capacity as clearing house for the Dublin trading floor and for
NEL, will direct each of its Clearing Members carrying open interest in Affected Contracts to
execute a “back office” bookkeeping entry for each Affected Contract. NYMEX, Inc. (in its
capacity as clearing house) and the Clearing Member(s) will, therefore, each effect entries to
reflect: 1) close out the open Dublin positions; and 2) open the equivalent positions as of the
close of trading on the Dublin facility’s final trading day.

At the option of the customer, these back office bookkeeping entries could occur either at the
original trade price of the customer's NYMEX position or at the closing settlement price on the
day of the transfer. Unless notified by a Clearing Member to the contrary, all Affected Contracts
will be offset and re-established by NYMEX, Inc. at the settlement price(s) established on the
last trading day in Dublin. Clearing Members carrying open positions in the Affected Contracts
will need to check with each customer as to which pricing convention is preferred and must
notify NYMEX, Inc.’s Clearing Department of any customer positions to be closed out and re-
established at the original trade price by no later than 3:00 p.m. (NY time) on the final trading
day in Dublin. On the next business day, NYMEX, Inc. will record bookkeeping entries in the
form of position transfers both “to” and “from” NYMEX, Inc. for all gross open positions on its
books based upon the PCS received by Clearing Members on the final trading day in Dublin.
The bookkeeping entries will be recorded “AS OF” the final Dublin trading day’s trade date and
will be contained in the final trade data distributed by NYMEX, Inc. on the next business day. All
such entries will additionally be denoted as having been conducted opposite a special Clearing
Member designation, denoting the Exchange as a counterparty. Further, in the event that any
other specific request for “AS OF” trades are made noting that the actual trade took place in
Dublin prior to the last Dublin trading day’s close, the Clearing House will also create a similar
bookkeeping entry at the settlement price on the last trading day in Dublin unless advised
otherwise that day by the Clearing Member(s).

As noted, the material economic terms of each contract will not change. However, Members
and their customers should be aware of the following differences in the Affected Contracts
following the migration of trading to NYMEX Europe Limited:

1. On and after the launch date the trading of the Affected Contracts will take place only on
NYMEX Europe Limited, which will be an FSA-regulated RIE, and, unlike the NYMEX
trading facility in Dublin, will not be a CFTC regulated designated contract market.

2. The rules governing the trading (but not the clearance or settlement) of such contracts
will be those of NYMEX Europe Limited, not those of NYMEX, Inc., and the trading of
such contracts will be subject to English law, not U.S. law. (The settlement and
clearance of the Affected Contracts will continue to be governed by NYMEX, Inc.
clearing rules and U.S. law. Assuming the receipt of an Order from the CFTC that has
been requested, all Affected Contracts of customers and margin funds supporting such
position would continue to be held in customer segregated accounts and subject to
CFTC customer segregated account requirements.)

3. itis possible that for some Members and customers the tax treatment of the Affected
Contracts may be affected by the migration of trading to NYMEX Europe Limited
depending upon each Member's or customer's particular circumstances. Accordingly,
each Member and their customers should take the advice of their tax advisors as to the
potential effect of the migration of the trading of the Affected Contracts.

2