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Nymex Announces Margin Changes For Heating Oil Futures

Date 12/02/2003

The New York Mercantile Exchange, Inc., announced today that it will change the margins on its heating oil futures contracts and calendar swaps futures contracts at the close of business tomorrow.

The margins on heating oil futures will be decreased to $3,000 from $3,500 for clearing members, to $3,300 from $3,850 for members, and to $4,050 from $4,725 for customers.

The margins on the New York Harbor heating oil calendar swap futures contract will be decreased to $2,000 from $3,500 for clearing members, to $2,200 from $3,850 for members, and to $2,700 from $4,725 for customers.