NYBOT Announces New Coffee Margin Requirements

The New York Board of Trade® (NYBOT®) announced today that effective with the opening of business on Friday, September 19, 2003, and until further notice, members shall require from customers who are members or members of the trade the following margin rates:

COFFEE (KC)
	Initial	Maintenance
Spec (Per Contract)	1,960 USD	1,400 USD
Hedge (Per Contract)	1,400 USD	1,400 USD

COFFEE MINI (MK)
	Initial	Maintenance
Spec (Per Contract)	665 USD	475 USD
Hedge (Per Contract)	475 USD	475 USD

Margin rates for all other NYBOT products remain unchanged. A completegrid 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 YorkCotton Exchange (NYCE®). Through its two exchanges, NYBOT offers an 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.