NYBOT Announces Mini "C" Margin Requirements

The New York Board of Trade(NYBOT®) announced today that effective with the opening of business on Friday, March 15, 2002, and until further notice, members shall require from customers who are members or members of the trade the following margin rates:

Commodity Coffee Mini (MK)
Outright Margin $500
Spread $70

Spread MK - KC
Action Long-Short
Ratio 3 to 1
Saving Percentage 80%

The original margin for a customer who is not a member shall be no less than 140% of the above prescribed amounts.

Margin rates for all other NYBOT products remain unchanged.

A complete grid of margin rates for all NYBOT products is available on the NYBOT web page 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 Tradecan be found at www.nybot.com.