Nymex To Lower Palladium Margins

The New York Mercantile Exchange, Inc., will decrease the margins on its palladium futures contract for all but the March 2001 contract at the close of business on Wednesday, March 14.

For the April 2001 palladium contract and beyond, clearing member margins will be decreased to $5,000 from $50,000, member margins will be decreased to $5,500 from $55,000, and customer margins will be decreased to $6,750 from $67,500.