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Nymex Announces Margins For New Gasoil Futures Contract

Date 06/04/2005

The New York Mercantile Exchange, Inc., today announced margin rates for its new Northwest Europe gasoil futures contract.

Margins on the spot month of the gasoil futures contract will be $3,000 for clearing members, $3,300 for members, and $4,050 for customers. Margins on the second through sixth months will be $2,800 for clearing members, $3,080 for members, and $3,780 for customers. Margins on the seventh through 11th months will be $2,250 for clearing members, $2,475 for members, and $3,038 for customers. Margins on all other months will be $1,750 for clearing members, $1,925 for members, and $2,363 for customers.

Margins on inter-month spreads involving the spot month of the new gasoil futures contract will be $200 for clearing members, $220 for members, and $270 for customers. Margins on inter-month spreads involving the second through 11th months will be $125 for clearing members, $138 for members, and $169 for customers. Margins on inter-month spreads involving all other months will be $75 for clearing members, $83 for members, and $101 for customers.