FCOJ To Be Listed On New York Cotton Exchange

Effective Thursday, January 8, 2004, frozen concentrated orange juice futures and options contracts ("FCOJ-1") will be listed on the New York Cotton Exchange ("NYCE"). As of the close of business on Wednesday, January 7, 2003, FCOJ-1 will be delisted from the Citrus Associates of the New York Cotton Exchange, Inc. ("Citrus"). The delisting from Citrus and the listing on NYCE will have no effect on FCOJ-1 positions carried by the New York Clearing Corp. ("NYCC") or who may trade FCOJ-1.

In order to make the transition from Citrus to NYCE transparent and seamless, NYCE by-laws and rules have been amended to incorporate the FCOJ-1 terms and conditions and trading practices. A spread sheet is attached which shows the Citrus rule or by-law number and its new NYCE number. The new NYCE rules may be found at the NYBOT web site by clicking on the words "Rule Books" in the upper right hand corner then scrolling down to NYCE. If you would like a copy of the amendments with the language additions or deletions, you may contact the Corporate Secretary's Office at +1 212-748-4082.

FCOJ-1 will have its own Margin, Settlement and Warehouse and Delivery Committees. In addition, the members of the Citrus Board of Directors have been appointed to the Board of Citrus Advisors which will operate as the Citrus contract specification committee.

Click here for spreadsheet.