The New York Board of Trade (NYBOT®) announced today that effective with the opening of business Monday July 29, 2002, the margin requirements for its Finex and NYFE markets are as follows:
| AUSTRALIAN DOLLAR/CANADIAN DOLLAR (AS) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
2,660 CAD |
2,000 CAD |
| Hedge (Per Contract) |
|
1,330 CAD |
1,000 CAD |
| AUSTRALIAN DOLLAR/U.S. DOLLAR (AU) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
2,394 USD |
1,800 USD |
| Hedge (Per Contract) |
|
1,197 USD |
900 USD |
| U.S. DOLLAR INDEX (DX) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
1,995 USD |
1,500 USD |
| Hedge (Per Contract) |
|
998 USD |
750 USD |
| EURO/JAPANESE YEN (EJ) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
199,500 JY |
150,000 JY |
| Hedge (Per Contract) |
|
99,750 JY |
75,000 JY |
| EURO DOLLAR (EO) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
1,995 USD |
1,500 USD |
| Hedge (Per Contract) |
|
998 USD |
750 USD |
| EURO DOLLAR LARGE (EU) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
3,990 USD |
3,000 USD |
| Hedge (Per Contract) |
|
1,995 USD |
1,500 USD |
| EURO/CANADIAN DOLLAR (EP) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
2,660 CAD |
2,000 CAD |
| Hedge (Per Contract) |
|
1,330 CAD |
1,000 CAD |
| EURO/BRITISH POUND (GB) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
798 BP |
600 BP |
| Hedge (Per Contract) |
|
399 BP |
300 BP |
| U. S. DOLLAR/SWEDISH KRONA (KU) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
46,550 SEK |
35,000 SEK |
| Hedge (Per Contract) |
|
23,275 SEK |
17,500 SEK |
| U.S. DOLLAR/NORWEGIAN KRONE (NS) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
43,890 NOK |
33,000 NOK |
| Hedge (Per Contract) |
|
21,945 NOK |
16,500 NOK |
| EURO/AUSTRALIAN DOLLAR (RA) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
3,990 AUD |
3,000 AUD |
| Hedge (Per Contract) |
|
1,995 AUD |
1,500 AUD |
| EURO/SWEDISH KRONA (RK) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
11,970 SK |
9,000 SK |
| Hedge (Per Contract) |
|
5,985 SK |
4,500 SK |
| BRITISH POUND/JAPANESE YEN (SY) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
465,500 JY |
350,000 JY |
| Hedge (Per Contract) |
|
232,750 JY |
175,000 JY |
| U.S. DOLLAR/CANADIAN DOLLAR (YD) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
5,320 CD |
4,000 CD |
| Hedge (Per Contract) |
|
2,660 CD |
2,000CD |
| US DOLLAR/SWISS FRANC (YF) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
7,980 SF |
6,000 SF |
| Hedge (Per Contract) |
|
3,990 SF |
3,000 SF |
| U.S. DOLLAR/BRITISH POUND (YP) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
3,325 USD |
2,500 USD |
| Hedge (Per Contract) |
|
1,663 USD |
1,250 USD |
| US DOLLAR/JAPANESE YEN (YY) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
532,000 JY |
400,000 JY |
| Hedge (Per Contract) |
|
266,000 JY |
200,000 JY |
| NEW ZEALAND DOLLAR/US DOLLAR (ZX) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
2,261 USD |
1,700 USD |
| Hedge (Per Contract) |
|
1,131 USD |
850 USD |
| NYSE COMPOSITE INDEX (YX) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
11,000 USD |
11,000 USD |
| Hedge (Per Contract) |
|
11,000 USD |
11,000 USD |
| NYSE COMPOSITE INDEX SMALL (YS) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
1,100 USD |
1,100 USD |
| Hedge (Per Contract) |
|
1,100 USD |
1,100 USD |
| NYSE COMPOSITE INDEX LARGE (YL) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
22,000 USD |
22,000 USD |
| Hedge (Per Contract) |
|
22,000 USD |
22,000 USD |
| RUSSELL 1000 INDEX FUTURES (R) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
12,000 USD |
12,000 USD |
| Hedge (Per Contract) |
|
12,000 USD |
12,000 USD |
| RUSSELL 1000 INDEX LARGE FUTURES (RQ) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
24,000 USD |
24,000 USD |
| Hedge (Per Contract) |
|
24,000 USD |
24,000 USD |
| RUSSELL 1000 INDEX LARGE FUTURES (RM) |
| |
|
Initial |
Maintenance |
| Spec (Per Contract) |
|
1,200 USD |
1,200 USD |
| Hedge (Per Contract) |
|
1,200 USD |
1,200 USD |
Margin rates for all other NYBOT products remain unchanged. A complete grid of margin rates for all NYBOT products is available at www.nybot.com.
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.
