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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Tana Jones X-To: Greg Whiting X-cc: X-bcc: X-Folder: \Tanya_Jones_Dec2000\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf ----- Forwarded by Tana Jones/HOU/ECT on 09/12/2000 11:02 AM ----- Mary Lynne Ruffer 09/12/2000 10:24 AM To: Tana Jones/HOU/ECT@ECT cc: Subject: Re: (00-323) Margin Change for Crude Oil, Unleaded Gasoline, and Heating Oil Pls change my name to Greg Whiting. Thanks. From: Tana Jones on 09/12/2000 08:52 AM To: Mary Lynne Ruffer/HOU/ECT@ECT cc: Subject: (00-323) Margin Change for Crude Oil, Unleaded Gasoline, and Heating Oil Mary Lynne, These notices will be coming by email on a going forward basis. ----- Forwarded by Tana Jones/HOU/ECT on 09/12/2000 08:51 AM ----- exchangeinfo@nymex.com 09/12/2000 09:38 AM To: tana.jones@enron.com cc: Subject: (00-323) Margin Change for Crude Oil, Unleaded Gasoline, and Heating Oil Notice No. 00-323 September 12, 2000 TO: ALL NYMEX MEMBERS AND MEMBER FIRMS ALL NYMEX CLEARING FIRMS ALL NYMEX OPERATIONS MANAGERS FROM: Neal Wolkoff, Executive Vice President SUBJECT: MARGIN RATE CHANGE Effective Date: Tuesday, September 12, 2000 (close of business) Futures Contracts: Crude Oil Futures Unleaded Gasoline Futures Heating Oil Futures Contract Months: All Months Rate Change: NYMEX Division Margins on Crude Oil, Unleaded Gasoline, and Heating Oil Futures Contracts Effective at Close of Business on Tuesday, September 12, 2000 Clearing Member (Maintenance Margin) Old: $2,500 New: $3,000 Member Customer (Initial Margin) Old: $2,750 New: $3,300 Non-Member Customer (Initial Margin) Old: $3,375 New: $4,050 The margin credit for NYMEX Light Sweet Crude/IPE Brent Crude Oil futures spread positions will also be increased, from $2,000 to $2,500 (at the Clearing Member level), as of Tuesday, September 12, 2000. The net margin after the spread will remain unchanged. Effective at Close of Business on Tuesday, September 12, 2000 Clearing Member(Maintenance Margin) NYMEX Light Sweet Crude: $3,000 Less NYMEX Light Sweet/IPE Brent Crude Spread Credit: $2,500 Net Margin of Spread: $500 Member Customer (Initial Margin) NYMEX Light Sweet Crude: $3,300 Less NYMEX Light Sweet/IPE Brent Crude Spread Credit: $2,750 Net Margin of Spread: $550 Non-Member Customer (Initial Margin) NYMEX Light Sweet Crude: $4,050 Less NYMEX Light Sweet/IPE Brent Crude Spread Credit: $3,375 Net Margin of Spread: $675 Should you have any questions regarding these changes, please contact Artie McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855. This notice supersedes all previous notices regarding outright margins for the NYMEX Crude Oil, Unleaded Gasoline, or Heating Oil Futures Contracts and the margin credit for the NYMEX Light Sweet Crude Oil/IPE Brent Crude futures spread positions. __________________________________________________ Please click on the link below to indicate you have received this email. " http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdoc =(00-323)" Note: If you click on the above line and nothing happens, please copy the text between the quotes, open your internet browser, paste it into the web site address and press Return.
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