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FTSE Mondo Visione Exchanges Index:

Nymex To Decrease Natural Gas Basis Spot Month Assessments

Date 16/04/2004

The New York Mercantile Exchange, Inc., will decrease the spot month assessments on several natural gas basis swap futures contracts at the close of business on April 28.

The spot month assessments on the basis swap futures contracts for the Henry Hub, Sumas, Northwest Pipeline Rockies, Texas Eastern Zone M–3, Transco Zone 6, TCO Appalachia, and Texas Eastern Transmission East Louisiana pricing points will be reduced to zero.

The spot month assessments on the basis swap futures contracts for the Transco Zone 3, Columbia Gulf onshore, Chicago citygate, Michcon, Houston Ship Channel, San Juan basin, Southern California, Waha, Permian, and Texas Eastern Transmission South Texas pricing points will be reduced to $100 for clearing members, $110 for members, and $135 for customers.

The spot month assessments on the basis swap futures contracts for the Panhandle pricing point will be $200 for clearing members, $220 for members, and $270 for customers.

The current assessments for all natural gas basis contracts are $500 for clearing members, $550 for members, and $675 for customers.

Spot months assessments are added to the margins for the last three business days of trading in the contract.