IR GO
March 31, 2006

Via E-Mail

Office of the Secretariat

Commodity Futures Trading Commission
Three Lafayette Centre

1155 21st Street, N.W.

Washington, D.C. 20581

Re: Rule Certification. NYMEX Submission 06.44 — Notification of
Amendments to Exchange Rules 7.07, What Constitutes One Warehouse,
and 7.11, Reporting Receipts and Withdrawals.

Dear Ms. Jean Webb:

The New York Mercantile Exchange, Inc. ("NYMEX" or the "Exchange") is notifying
the Commodity Futures Trading Commission (““CFTC” or “Commission”) of the attached
contract amendments to Rule 7.07, What Constitutes One Warehouse, and Rule 7.11, Reporting
Receipts and Withdrawals. |The Executive Committee voted in open session to approve these
amendments and they were sent to the Board of Directors for ratification. The purpose of the
tule changes is to provide a more representative reporting of unwarranted material in Exchange-
Approved Metals Depositories and Warehouses. They are proposed to go in effect on Monday,
April 3, 2006.

Pursuant to Section 5c(c) of the Commodity Exchange Act (“Act”) and CFTC Rule 40.6,
the Exchange hereby certifies that this clarification complies with the Act, including regulations
under the Act.

Should you have any questions concerning the above, please contact Jay Gottlieb,
Director, Research, at (212) 299-2607; or the undersigned at (212) 299-2390.

Very truly yours,

Robert A. Levin
Senior Vice President, Research


Amendments to Rules 7.07 and 7.11

Strikethrough-indieates-deletions; underlining indicates additions

7.07 What Constitutes One Warehouse

For purposes of delivery of metals upon contract by warehouse or vault receipts, ene an
approved warehouse or vault shall be understood to mean a single warehouse or vault; or, a
number of contiguous warehouses or vaults comprising one system. of warehouses or vaults
under one name or management; hi aut yt a3 F-vaults-that

#e which have been specifically identified
in the application for approval and all managed or operated by one firm or warehouseman.

7.11 Reporting Receipts and Withdrawals

All warehouses licensed by the Exchange shall report all receipts and deliveries of metals
tenderable against Exchange contracts on forms furnished by the Exchange, or facsimiles
thereof, prior to the time designated by the Exchange.

All metals bearing an approved brand included in the official lists of the Exchange should be
included in the report, including cathodes of an approved refiner. Copper in bond must be
Teported.

All metals held by a warehouse as identified in and in compliance with Rule 7.07 must be
teported even though they are not weighed into contract units or indications given by the storer
that they are intended for Exchange delivery

The report shall be sent on the day any change occurs in the stock. REPORTS SHOULD NOT
BE WITHHELD AND ACCUMULATED WITH ANOTHER DAY'S RECEIPTS OR
WITHDRAWALS. The tonnage actually received in or withdrawn from the warehouse each day
must be reported the same day.

For warehouses outside the Port of New York, transmission of the reports by fax is required.

A check on the 15th of each month of your records against actual inventory should be made to
uncover any possible error or omission in previous reports.
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