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NYMEX To Change Margins For Some Carbon And Nitrogen Oxide Based Emission Allowance Futures Contracts

Date 04/06/2008

The New York Mercantile Exchange, Inc. today announced margin changes for some of its carbon and nitrogen oxide based emission allowance futures contracts, beginning at the close of business on June 6.

Margins for the European Union Allowance (EUA) futures contract will increase to €2,000 from €1,700 for clearing members, to €2,200 from €1,870 for members, and to €2,700 from €2,295 for customers.

Margins for the Certified Emission Reduction (CER) futures contract will decrease to €750 from €1,100 for clearing members, to €825 from €1,210 for members, and to €1,013 from €1,485 for customers.

Margins for the 2010 vintage of the seasonal nitrogen oxide emission allowance futures contract will increase to $900 from $600 for clearing members, to $990 from $660 for members, and to $1,215 from $810 for customers.

Margins for the 2011 vintage of the seasonal nitrogen oxide emission allowance futures contract will increase to $1,000 from $800 for clearing members, to $1,100 from $880 for members, and to $1,350 from $1,080 for customers.

Margins for the 2009 vintage of the annual nitrogen oxide emission allowance futures contract will increase to $3,500 from $2,500 for clearing members, to $3,850 from $2,750 for members, and to $4,725 from $3,375 for customers.

Margins for the 2011 vintage of the annual nitrogen oxide emission allowance futures contract will increase to $4,000 from $3,000 for clearing members, to $4,400 from $3,300 for members, and to $5,400 from $4,050 for customers.

Margins for the 2012 vintage of the annual nitrogen oxide emission allowance futures contract will increase to $3,500 from $3,000 for clearing members, to $3,850 from $3,300 for members, and to $4,725 from $4,050 for customers.