Nymex Announces Series Of Palladium Margin Increases

The New York Mercantile Exchange, Inc., will increase the margins on its February and March 2001 palladium futures contracts as of the close of business on February 2, 9, and 16.

At the close of business on February 2, clearing member margins will be increased to $30,000 from $15,000, member margins will be increased to $33,000 from $16,500, and customer margins will be increased to $40,500 from $20,250.

At the close of business on February 9, clearing member margins will be increased to $40,000 from $30,000, member margins will be increased to $44,000 from $33,000, and customer margins will be increased to $54,000 from $40,500.

At the close of business on February 16, clearing member margins will be increased to $50,000 from $40,000, member margins will be increased to $55,000 from $44,000, and customer margins will be increased to $67,500 from $54,000.