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NYBOT Announces Margin RequirementsFor New FCOJ Contracts

Date 19/02/2004

The New York Board of Trade® (NYBOT®) announced today that effective with the commencementof trading scheduled for Friday, February 20, 2004, and until furthernotice, the margin requirements for the new FCOJ-A, FCOJ-B and FCOJ-DIFFcontracts are as follows: New Page 1

               

 FCOJ #1 (OJ)

Initial Maintenance
Spec (Per Contract)  700 USD (n/c)  500 USD (n/c)
Hedge (Per Contract)  500 USD (n/c) 500 USD (n/c)
Hedge Spread(Per Spread) 250 USD (n/c) 250 USD (n/c)
Spec Spread (Per Spread) 350 USD (n/c) 250 USD (n/c)

FCOJ-A (OJ)

Initial Maintenance
Spec (Per Contract) 700 USD  500 USD
Hedge (Per Contract)  500 USD  500 USD
Hedge Spread(Per Spread) 250 USD 250 USD
Spec Spread (Per Spread) 350 USD 250 USD
FCOJ-B (OB)
Initial   Maintenance
Spec (Per Contract) 700 USD 500 USD
Hedge (Per Contract) 500 USD 500 USD
FCOJ -DIFF (OD)
Initial Maintenance
Spec (Per Contract) 210 USD 150 USD
Hedge (Per Contract) 150 USD 150 USD
Hedge Spread(Per Spread) 75 USD 75 USD
Spec Spread (Per Spread) 105 USD 75 USD

                

Margin rates for all other NYBOT products remain unchanged. A complete grid of margin rates for all NYBOT products is availableat www.nybot.com.

The New York Board of Trade (NYBOT) is the parent company of theCoffee, Sugar and Cocoa Exchange, Inc. (CSCE) and the New York Cotton Exchange (NYCE). Through its two exchanges, NYBOT offersan expanding range of agricultural and financial products. Information about the New York Board of Trade can be found at www.nybot.com and www.nybotlive.com.