Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Nymex To Increase Margins On Some Gasoline And Heating Oil Futures Contracts

Date 16/03/2005

The New York Mercantile Exchange, Inc., will increase the margins on its gasoline, New York Harbor gasoline calendar swap, heating oil, and New York Harbor heating oil calendar swap futures contracts at the close of business tomorrow.

Margins on all months of the gasoline and New York Harbor gasoline calendar swap futures contracts and the spot month of the heating oil and New York Harbor heating oil calendar swap futures contracts will increase to $4,000 from $3,500 for clearing members, to $4,400 from $3,850 for members, and to $5,400 from $4,725 for customers.

Margins on the second through sixth months of the heating oil and New York Harbor heating oil calendar swap futures contracts will increase to $3,750 from $3,250 for clearing members, to $4,125 from $3,575 for members, and to $5,063 from $4,388 for customers.

Margins on the seventh through 11th months 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.

Margins on all other months remain unchanged.