Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Nymex Announces Margins For Brent Futures Trading

Date 30/08/2001

The New York Mercantile Exchange, Inc., today announced margins for the Brent futures contract it will introduce on September 5.

Initial margins will be: $2,000 for clearing members; $2,200 for members; $2,700 for customers.

The inter-commodity spread margins will be: $400 for spreads involving the spot month; $250 for spreads involving the second through sixth nearby months; $150 for spreads involving the seventh through 12th nearby months; $100 for spreads involving all other months.

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