NYBOT Makes Statement Concerning Refco, LLC

The New York Board of Trade® (NYBOT®) is closely monitoring the recent situation concerning Refco, LLC. Refco continues to be a Member of the Exchange and also a Member of the New York Clearing Corporation (NYCC), which clears all Exchange trades. Refco, LLC, has met and continues to meet its obligations and remains in good standing.

The New York Clearing Corporation, in compliance with Exchange rules and Commodity Futures Trading Commission (CFTC) regulations, continues to segregate funds and customer positions held by Refco. The NYCC has restricted the withdrawal of any capital by Refco, unless approved by the Exchange.

The New York Board of Trade (NYBOT) is New York’s original futures exchange, where the world trades food, fiber and financial products. For well over a century, the New York Board of Trade has provided reliability, integrity and security in a global marketplace for cocoa, coffee, cotton, ethanol, orange juice, pulp, and sugar, as well as currency and index futures and options. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.