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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Tana Jones X-To: Greg Whiting, Sarah Wesner X-cc: X-bcc: X-Folder: \Tanya_Jones_June2001\Notes Folders\All documents X-Origin: JONES-T X-FileName: tjones.nsf ----- Forwarded by Tana Jones/HOU/ECT on 03/23/2001 09:06 AM ----- exchangeinfo@nymex.com 03/23/2001 08:20 AM To: tana.jones@enron.com cc: Subject: (01-101) ARGIN RATE CHANGE FOR CRUDE OIL, HEATING OIL, AND UNLEADED GASOLINE FUTURES CONTRACTS Notice No. 01-101 March 23, 2001 TO: ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS ALL NYMEX DIVISION CLEARING FIRMS ALL NYMEX DIVISION OPERATIONS MANAGERS FROM: Neal Wolkoff, Executive Vice President SUBJECT: MARGIN RATE CHANGE FOR CRUDE OIL, HEATING OIL, AND UNLEADED GASOLINE FUTURES CONTRACTS. Effective Date: Friday, March 23, 2001 (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 Clearing Member (Maintenance Margin): Old: $3,000 New: $2,500 Member Customer (Initial Margin): Old: $3,300 New: $2,750 Non-Member Customer (Initial Margin): Old: $4,050 New: $3,375 The margin credit for NYMEX Light Sweet Crude/IPE Brent Crude Oil futures spread positions will also be decreased, from $2,500 to $2,000 (at the Clearing Member level), as of Thursday, March 21, 2001. The net margin after the spread will remain unchanged. NYMEX Light Sweet Crude/IPE Brent Crude Oil Futures Spread NYMEX Light Sweet Crude: Clearing Member (Maintenance Margin): $2,500 Member Customer (Initial Margin): $2,750 Non-Member Customer (Initial Margin): $3,375 Less: NYMEX Light Sweet/IPE Brent Crude Spread Credit: Clearing Member (Maintenance Margin): $2,000 Member Customer (Initial Margin): $2,200 Non-Member Customer (Initial Margin): $2,700 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 Oil 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 =(01-101)" 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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