Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

NYBOT Announces New FINEX Margins

Date 13/05/2003

The New York Board of Trade® (NYBOT®) announced today that effective with the opening of business on Thursday, May 15, 2003, the margin requirements for its FINEX exchange are as follows:

EURO/JAPANESE YEN (EJ)

  Initial Maintenance
Spec (Per Contract) 266,000 JY 200,000 JY (+75,000)
Hedge (Per Contract) 200,000 JY 200,000 JY

BRITISH POUND/SWISS FRANC (SS)

  Initial Maintenance
Spec (Per Contract) 3,990 SF 3,000 SF (+300)
Hedge (Per Contract) 3,000 SF 3,000 SF

AUSTRALIAN DOLLAR/JAPANESE YEN (YA)

  Initial Maintenance
Spec (Per Contract) 299,250 JY 225,000 JY (+75,000)
Hedge (Per Contract) 225,000 JY 225,000 JY

U.S. DOLLAR/BRITISH POUND (YP)

  Initial Maintenance
Spec (Per Contract) 3,059 USD 2,300 USD (+300)
Hedge (Per Contract) 2,300 USD 2,300 USD

SWISS FRANC/JAPANESE YEN (ZY)

  Initial Maintenance
Spec (Per Contract) 299,250 JY 225,000 JY (+50,000)
Hedge (Per Contract) 225,000 JY 225,000 JY

Margin rates for all other NYBOT products remain unchanged.

A complete grid of margin rates for all NYBOT products is available on our 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 Trade can be found at www.nybot.com and www.nybotlive.com.