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NYMEX To Raise Margin Rates On Natural Gas Futures, Henry Hub Natural Gas Swaps, And Natural Gas

Date 17/12/2002

The New York Mercantile Exchange, Inc., today announced margin rate increases on the first month of its natural gas futures and Henry Hub natural gas swaps, and e-miNY natural gas futures contracts as of the close of business on Wednesday, December 18.

The margins for the spot month of natural gas futures will be raised to $5,000 from $4,500 for clearing members, to $5,500 from $4,950 for members, and to $6,750 from $6,075 for customers. The margins for all other months remain unchanged.

The margins on the spot month of Henry Hub natural gas swaps will be raised to $1,250 from $1,125 for clearing members, to $1,375 from $1,238 for members, and to $1,688 from $1,519 for customers. The margins for all other months remain unchanged.

The margins on the spot month of e-miNY natural gas futures margins will be raised to $2,000 from $1,800 for clearing members, to $2,200 from $1,980 for members, and to $2,700 from $2,430 for customers. On those days when a second month is listed, the margins on the second month will remain at current levels.