Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Nymex To Increase Gasoline Margins

Date 25/08/2003

The New York Mercantile Exchange, Inc., announced today that it will increase the margins on the September 2003 unleaded gasoline futures contract and the August 2003 New York harbor gasoline calendar swap futures contract and unleaded gasoline crude oil crack spread contract at the close of business tomorrow.

The margins for the unleaded gasoline futures contract and the New York harbor unleaded gasoline calendar swap futures contract will be increased to $5,000 from $4,000 for clearing members, to $5,500 from $4,400 for members, and to $6,750 from $5,400 for customers.

The margins on the unleaded gasoline crude oil crack spread contract will be increased to $2,625 from $2,275 for clearing members, to $2,888 from $2,503 for members, and to $3,544 from $3,071 for customers.