Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

NYBOT Announces New Cotton And Coffee Margin Requirements

Date 22/01/2004

The New York Board of Trade® (NYBOT®) announced today that effective with the opening of business on Monday, January 26, 2004, the cotton and coffee margin requirements are as follows:

COTTON (CT)

  Initial Maintenance
Spec (Per Contract) 1,960 USD (-420) 1,400 USD (-300)
Hedge (Per Contract) 1,400 USD (-300) 1,400 USD (-300)

COFFEE (KC)

  Initial Maintenance
Spec (Per Contract) 1,820 USD (+280) 1,300 USD (+200)
Hedge (Per Contract) 1,300 USD (+200) 1,300 USD (+200)

COFFEE MINI (MK)

  Initial Maintenance
Spec (Per Contract) 630 USD (+105) 450 USD (+75)
Hedge (Per Contract) 450 USD (+75) 450 USD (+75)

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, 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.

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