NYBOT Announces New Cotton & Sugar 14 Margin Requirements

The New York Board of Trade (NYBOT®) announced that effective with the opening of business on Wednesday, December 26, 2001, and until further notice, members will require from customers who are members or members of the trade the following margin rates:

Commodity	Original Margin	Spot Month Charge	Spread
Cotton (CT)	$1,000 ( $200 increase)	$ 0 (unchanged)	$400 ( $100 increase)
Sugar 14 (SE)	(unchanged)	$ 0 (unchanged)	$250 ($100 increase)

Margin rates for all other NYBOT products remain unchanged. A complete grid of margin rates for all NYBOT products is available on the NYBOT website.

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.