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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: exchangeinfo@nymex.com X-To: tana.jones@enron.com X-cc: X-bcc: X-Folder: \Tanya_Jones_Dec2000\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf Notice No. 00-377 November 6, 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: Monday, November 6, 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 Date: Monday, November 6, 2000 Clearing Member (Maintenance Margin): Old: $4,000 New: $3,000 Member Customer (Initial Margin): Old: $4,400 New: $3,300 Non-Member Customer (Initial Margin): Old: $5,400 New: $4,050 The margin credit for NYMEX Light Sweet Crude/IPE Brent Crude Oil futures spread positions will also be decreased, from $3,500 to $2,500 (at the Clearing Member level), as of Monday, November 6, 2000. The net margin after the spread will remain unchanged. NYMEX Light Sweet Crude/IPE Brent Crude Oil Futures Spread Effective Date: Monday, November 6, 2000 NYMEX Light Sweet Crude: Clearing Member (Maintenance Margin): $3,000 Member Customer (Initial Margin): $3,300 Non-Member Customer (Initial Margin): $4,050 Less: NYMEX Light Sweet/IPE Brent Crude Spread Credit: Clearing Member (Maintenance Margin): $2,500 Member Customer (Initial Margin): $2,750 Non-Member Customer (Initial Margin): $3,375 Net Spread Margin: Clearing Member (Maintenance Margin): $500 Member Customer (Initial Margin): $550 Non-Member Customer (Initial Margin): $675 Should you have any questions regarding these changes, please contact Arthur 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&refdo c=(00-377)" 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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