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Nymex Decreases Margins On Some Natural Gas, Henry Hub Swap, And Natural Gas e-miNY<SUP>sm</sup> Futures Contracts

Date 06/01/2005

The New York Mercantile Exchange, Inc., will decrease the margins on some of the NYMEX Division natural gas, Henry Hub swap, and natural gas e–miNYsm futures contracts at the close of business tomorrow.

Margins on the spot month and second month of the natural gas futures contract will decrease to $7,000 from $8,500 for clearing members, to $7,700 from $9,350 for members, and to $9,450 from $11,475 for customers. Margins on the third month will decrease to $6,000 from $7,500 for clearing members, to $6,600 from $8,250 for members, and to $8,100 from $10,125 for customers. Margins on all other months are unchanged.

Margins on the spot month and second month of the Henry Hub swap futures contract will decrease to $1,750 from $2,125 for clearing members, to $1,925 from $2,338 for members, and to $2,363 from $2,869 for customers. Margins on the third month will decrease to $1,500 from $1,875 for clearing members, to $1,650 from $2,063 for members, and to $2,025 from $2,531 for customers. Margins on all other months are unchanged.

Margins on both months of the natural gas e–miNYsm futures contract will decrease to $3,500 from $4,250 for clearing members, to $3,850 from $4,675 for members, and to $4,725 from $5,738 for customers.