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FTSE Mondo Visione Exchanges Index:

NYBOT Announces New Cocoa Margin Requirements

Date 21/02/2003

The New York Board of Trade® (NYBOT®) announced today that effective with the opening of business on Tuesday, February 25, 2003, the margin requirements for its cocoa contract are:

COCOA (CC)

Margin rates for all other NYBOT products remain unchanged.

  Initial Maintenance
Spec (Per Contract) 1,820 USD 1,300 USD
Hedge/Member (Per Contract) 1,300 USD 1,300 USD
Spread-Spec 280 USD 200 USD
Spread-Hedge/Member 200 USD 200 USD

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.