The New York Board of Trade (NYBOT®)announced today that effective with the opening of business on Wednesday, December 18, 2002, the Coffee "C", Coffee Mini and Cotton margin requirements are as follows:
| |
Initial |
Maintenance |
| Spec (Per Contract) |
2,100 USD |
1,500 USD |
| Hedge/Member (Per Contract) |
1,500 USD |
1,500 USD |
| |
Initial |
Maintenance |
| Spec (Per Contract) |
700 USD |
500 USD |
| Hedge/Member (Per Contract) |
500 USD |
500 USD |
| |
Initial |
Maintenance |
| Spec (Per Contract) |
1,330 USD |
950 USD |
| Hedge/Member (Per Contract) |
950 USD |
950 USD |
Additionally, also effective on Wednesday, December 18, 2002, new margin requirements will be implemented for FCOJ futures and option contracts:
| |
Initial |
Maintenance |
| Spec (Per Contract) |
700 USD |
500 USD |
| Hedge/Member (Per Contract) |
500 USD |
500 USD |
| Spread/Arbitrage - Spec (Per Spread/Arbitrage) |
350 USD |
250 USD |
| Spread/Arbitrage - Hedge/Member (Per Contract) |
250 USD |
250 USD |
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.
