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

Date 12/12/2003

The New York Mercantile Exchange, Inc., announced today that it will increase the margins on the spot month of its Henry Hub natural gas futures, swap futures, and e-miNYsm futures contracts at the close of business on December 15.

The Exchange will increase the margins on the standard-sized futures contract to $10,000 from $8,500 for clearing members, to $11,000 from $9,350 for members, and to $13,500 from $11,475 for customers.

Margins on the Henry Hub swaps futures contract will be increased to $2,500 from $2,125 for clearing members, to $2,750 from $2,338 for members, and to $3,375 from $2,869 for customers.

Margins on the first month of the e-miNYsm natural gas futures will increase to $5,000 from $4,250 for clearing members, to $5,500 from $4,675 for members, and to $6,750 from $5,738 for customers.