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FTSE Mondo Visione Exchanges Index:

Nymex To Lower Natural Gas Margins On Nearby Months

Date 02/01/2002

The New York Mercantile Exchange, Inc., today announced that it would lower the margins on for the first 12 months listed of its natural gas futures and swaps contracts as of the close of business tomorrow.

The spot month margins will decrease to $3,500 from $4,500 for clearing members; to $3,850 from $4,950 for members; and to $4,725 from $6,075 for customers. Margins in other nearby months will be reduced as follows:

Margins will decrease to $3,000 from $4,000 for clearing members; to $3,300 from $4,400 for members; and to $4,050 from $5,400 for customers.

Third through sixth months futures and swaps margins will decrease to $2,500 from $3,000 for clearing members; to $2,750 from $3,300 for members; and to $3,375 from $4,050 for customers.

Seventh through 12th months natural gas futures and swaps margins will decrease to $2,000 from $2,500 for clearing members; to $2,200 from $2,750 for members and to $2,700 from $3,375 for customers.

The margins on the 13th through 72nd listed months of both contracts will remain at $2,000 for clearing members; $2,200 for members; and $2,700 for customers.