Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Nymex To Increase Margin Rates For Natural Gas Futures, Henry Hub Swaps, And e-miNY Natural Gas Futures Contracts

Date 22/08/2002

The New York Mercantile Exchange, Inc., will raise the margins on the first six months of its natural gas futures and Henry Hub natural gas swaps, and on its e-miNY natural gas futures contracts as of the close of business tomorrow.

The margins on natural gas futures will increase to $3,000 from $2,500 for clearing members; to $3,300 from $2,750 for members; and to $4,050 from $3,375 for customers.

The margins on Henry Hub swaps will increase to $750 from $625 for clearing members; to $825 from $688 for members; and to $1,012 from $844 for customers.

e-miNY natural gas futures margins will increase to $1,200 from $1,000 for clearing members; to $1,320 from $1,100 for members; and to $1,620 from $1,350 for customers.