Nymex To Raise Palladium Margins

The New York Mercantile Exchange, Inc., today announced that it would increase the margins on its December 2002 palladium futures contracts as of the close of business today to $10,000 from $5,000 for clearing members; to $11,000 from $5,500 for members; and to $13,500 from $6,750 for customers.

The margins for all other months remain unchanged.