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FTSE Mondo Visione Exchanges Index:

Nymex To Change Spot Month Margin Assessments For Natural Gas Basis Swap Futures

Date 20/10/2004

The New York Mercantile Exchange, Inc., announced today that it will change spot month margin assessments on natural basis swap futures contracts at the close of business today. Spot assessments are added to the margins for the last three trading days of the contracts.

The spot assessments on the Waha and Southern California basis swap futures contracts will increase to $500 from $100 for clearing members, to $550 from $110 for members, and to $675 from $149 for customers. The assessments on the Sumas basis swap futures contract will increase to the same levels from zero.

The spot assessments on the Chicago city gate and San Juan Basin basis swap futures contracts will increase to $400 from $100 for clearing members, to $440 from $110 for members, and to $540 from $149 for customers. The assessments on the Northwest Pipeline Rockies and Permian Basin basis swap futures will increase to the same levels from zero.

The ANR Pipeline Co. Oklahoma, Natural Gas Pipeline Co. of America Midcontinent, and Northern Natural Gas Demarcation basis swap futures contracts spot assessments will decrease to $350 from $500 for clearing members, to $385 from $550 for members, and to $473 from $743 for customers.