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Enron Mail |
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Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: Jones, Tana </O=ENRON/OU=NA/CN=RECIPIENTS/CN=TJONES< X-To: Wesner-Soong, Sarah </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Swesner<, Whiting, Greg </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Gwhitin< X-cc: X-bcc: X-Folder: \Tana_Jones_Jan2002\Jones, Tana\Sent Items X-Origin: Jones-T X-FileName: tjones (Non-Privileged).pst -----Original Message----- From: Exchange Information <Marketing@NYMEX.com<@ENRON Sent: Wednesday, November 28, 2001 3:37 PM To: Exchange Information Subject: (01-401) MARGIN RATE CHANGE FOR LIGHT SWEET CRUDE OIL FUTURES CON TRACTS Notice No. 01-401 November 28, 2001 TO: ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS ALL NYMEX DIVISION CLEARING FIRMS ALL NYMEX DIVISION OPERATIONS MANAGERS FROM: J. Robert Collins, Jr., President SUBJECT: MARGIN RATE CHANGE FOR LIGHT SWEET CRUDE OIL FUTURES CONTRACTS. Effective Date: Thursday, November 28, 2001 (close of business) Futures Contracts: Light Sweet Crude Oil Futures Contract Months: All Months Rate Change: NYMEX Division Margins on Light Sweet Crude Oil Futures Contracts Clearing Member (Maintenance Margin): Old: $2,000 New: $2,500 Member Customer (Initial Margin): Old: $2,200 New: $2,750 Non-Member Customer (Initial Margin): Old: $2,700 New: $3,375 The margin credit for NYMEX Light Sweet Crude/IPE Brent Crude Oil futures spread positions will also be increased, from $1,500 to $2,000 (at the Clearing Member level), as of Thursday, November 28, 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 Light Sweet Crude Oil Futures Contracts and the margin credit for the NYMEX Light Sweet Crude Oil/IPE Brent Crude Oil futures spread positions.
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