Nymex Revises Palladium Margin Increases To Include All Months

The New York Mercantile Exchange, Inc., today announced that it will increase the margins on all of its palladium futures contracts as of the close of business on February 2, 9, and 16.

Previously, the Exchange announced that these increases would only apply to the February and March 2001 futures contracts.

The increases include the following:

• At the close of business on February 2, clearing member margins will be increased to $30,000 from $15,000, member margins will be increased to $33,000 from $16,500, and customer margins will be increased to $40,500 from $20,250.
• At the close of business on February 9, clearing member margins will be increased to $40,000 from $30,000, member margins will be increased to $44,000 from $33,000, and customer margins will be increased to $54,000 from $40,500.
• At the close of business on February 16, clearing member margins will be increased to $50,000 from $40,000, member margins will be increased to $55,000 from $44,000, and customer margins will be increased to $67,500 from $54,000.