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NYMEX: Margins Announced For e-miNY Energy Futures<SUP>SM</SUP>

Date 14/06/2002

The New York Mercantile Exchange, Inc., today announced the margins for the e-miNYSMcrude oil and natural gas futures contracts that will be 40% of the size of the margins for the standard sized contracts.

The initial margins on e-miNY crude oil futures will be $800 for NYMEX Division clearing member firms; $880 for NYMEX Division members; and $1,080 for customers. The initial margins on e-miNY natural gas futures will be $1,000 for NYMEX Division clearing member firms; $1,100 for NYMEX Division members; and $1,350 for customers.

The intra-commodity spread margin rates for the e-miNY crude oil futures contract will be $160 for NYMEX Division clearing member firms; $176 for NYMEX Division members; and $216 for customers. The intra-commodity spread margin rates for the e-miNY natural gas futures contract will be $200 for NYMEX Division clearing member firms; $220 for NYMEX Division members; and $270 for customers.

Margins on spreads between the two e-miNY energy futures contracts will be $1,080 for NYMEX Division clearing member firms; $1,188 for NYMEX Division members; and $1,458 for customers.

Margins between either e-miNY contract and the underlying standard-sized contract will be reduced, with the rates varying based on the ratio of the e-miNY to the standard-sized futures contract.