NYMEX to Change Cinergy and Entergy Electricity Margin Rates

The New York Mercantile Exchange will raise the initial margins on its July and August 1999 Cinergy and Entergy electricity futures contracts as of the close of business May 25. The rates will be raised to USD7,000 from USD6,000 for clearing members; to USD7,700 from USD6,600 for members; and to USD9,450 from USD8,100 for customers. Margins on spreads involving those months will be increased to USD4,400 from USD3,400 for clearing members; to USD4,840 from USD3,740 for members; and to USD5,940 from USD4,590 for customers.