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Nymex To Raise Margins On Natural Gas Futures, Henry Hub Swap Futures, And e-miNY<SUP>sm</SUP> Natural Gas Futures

Date 27/02/2003

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

The margins on the natural gas futures contract will increase for the first month to $11,000 from $9,000 for clearing members; to $12,100 from $14,850 for members; and to $13,500 from $12,150 for customers. The margins on all other months will remain unchanged.

The margins on the first month of the Henry Hub swap futures contract will increase to $2,750 from $2,250 for clearing members; to $3,025 from $2,475 for members; and to $3,713 from $3,038 for customers. The margins on all other months will remain unchanged.

The margins on the first month of e-miNYsm natural gas futures contracts will be raised to $4,400 from $3,600 for clearing members; to $4,840 from $3,960 for members; and to $5,940 from $4,860 for customers. The margins the second month will remain unchanged.