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Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable X-From: exchangeinfo@nymex.com X-To: tana.jones@enron.com X-cc: X-bcc: X-Folder: \Tanya_Jones_Dec2000\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf November 13, 2000 Notice to Member No. 389 New York Mercantile Exchange to Base Certain enymex Contracts on Platts=20 Benchmarks The New York Mercantile Exchange and Platts, the world's premier energy=20 market information service, have signed a letter of intent for Platts prici= ng=20 benchmarks to be used in enymex contracts for crude oil, refined oil=20 products, natural gas, electricity, and metals. Platts, a division of The McGraw-Hill Companies (NYSE: MHP), will also=20 provide enymex with real-time news and market commentary. The Exchange will license Platts=01, price assessments and benchmarks as a = basis=20 for commodities contracts traded on enymex, an internet-based platform for= =20 trading and clearing forward contracts for physical commodities. The syste= m=20 is scheduled for launch during the second quarter of 2001. "Every day, more than $10 billion worth of energy commerce is based on=20 Platts' exclusive and authoritative price assessments," said Harry Sachinis= ,=20 president of Platts. "With this agreement, Platts will extend its leadershi= p=20 to the emerging world of energy e-commerce. It is significant that the worl= d=01, s largest energy exchange, the New York Mercantile Exchange, has chosen to= =20 base its enymex contracts on Platts benchmarks." Exchange Chairman Daniel Rappaport said, "We are proud that enymex will hav= e=20 standing behind it the two biggest names in providing price transparency to= =20 the energy and metals industries. This agreement brings us one step closer = to=20 the Exchange=01,s goal of extending the same leadership and credibility to = a B2B=20 marketplace as we have so successfully offered these industries through our= =20 bricks-and-mortar business. Most importantly, it will enable us to offer= =20 clearing services and an open marketplace for popular over-the-counter=20 products." Platts is the world's largest and most authoritative provider of energy=20 market information, with more than 325 professionals worldwide and products= =20 ranging from real-time and Internet-based news services, to market reports,= =20 databases, magazines and conferences. The company is also a leading provide= r=20 of news, pricing and analysis on the global metals market. Additional=20 information is available at www.platts.com and www.plattsmetals.com. Founded in 1888, The McGraw-Hill Companies is a global information services= =20 provider meeting worldwide needs in the financial services, education and= =20 business information markets through leading brands such as Standard & Poor= =01, s, BusinessWeek and McGraw-Hill Education. The corporation has more than 4= 00=20 offices in 32 countries. Sales in 1999 were $4.0 billion. Additional=20 information is available at www.mcgraw-hill.com. __________________________________________________ Please click on the link below to indicate you have received this email. "http://208.206.41.61/email/email_log.cfm?useremail=3Dtana.jones@enron.com&= refdo c=3D(00-389)" 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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