Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Nymex To Increase Margin Rates On Henry Hub Natural Gas Futures, Swap Futures, And e-miNY<SUP>sm</SUP> Futures Contracts

Date 10/12/2003

The New York Mercantile Exchange, Inc., announced today that it will increase the margins on its Henry Hub natural gas futures, swap futures, and e-miNYsm futures contracts at the close of business tomorrow.

The Exchange will increase the margins on the spot and second months of the standard-sized futures contract to $8,500 from $7,000 for clearing members, to $9,350 from $7,700 for members, and to $11,475 from $9,450 for customers. Margins on the third month will be increased to $8,000 from $7,000 for clearing members, to $8,800 from $7,700 for members, and to $10,800 from $9,450 for customers. Margins on all other months will remain unchanged.

Margins on the spot and second months of the Henry Hub swaps futures contract will be increased to $2,125 from $1,750 for clearing members, to $2,338 from $1,925 for members, and to $2,869 from $2,363 for customers. Margins on the third month will be increased to $2,000 from $1,375 for clearing members, to $2,200 from $1,513 for members, and to $2,700 from $1,856 for customers. Margins on all other months will remain unchanged.

The margins on the first month and second months of e-miNYsm natural gas futures will increase to $4,250 from $3,500 for clearing members, to $4,675 from $3,850 for members, and to $5,738 from $4,725 for customers.