NYBOT's European Warehouses To Invoice In U.S. Dollars

The New York Board of Trade (NYBOT®) announced today that since the price of delivery of Exchange Coffee is based on U.S. Dollars, all storage invoicing done by the warehouses and the deliverers shall also be in U.S. Dollars regardless of the delivery port. Under NYBOT's Coffee, Sugar and Cocoa Exchange (CSCE) Coffee "C" rules, it requires the deliverer to give the receiver one business day free of storage and to bill the receiver for any remaining prepaid storage.

On July 11, 2001, NYBOT established Antwerp, Belgium and Bremen/Hamburg, Germany, as approved delivery points for its Coffee "C" tenderable coffees. The ports became effective with the December 2002 contract, which began trading July 16, 2001.

NYBOT also approved on September 12, 2002, numerous coffee warehouses, weighmasters and Master Coffee Samplers in Antwerp, Belgium and Bremen/Hamburg, Germany.

The New York Board of Trade (NYBOT) is the parent company of the Coffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges and their subsidiaries and divisions, NYBOT offers an expanding range of agricultural, currency and index products. Information about the New York Board of Trade can be found at www.nybot.com.