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Enron Mail |
Notice No. 01-51
February 5, 2001 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: WESTERN ELECTRICITY FUTURES CONTRACTS Effective Date: Tuesday, February 6, 2001 (close of business) Futures Contracts: California Oregon Border, Palo Verde, and Mid-Columbia Electricity Futures Contract Months: All months Rate Change: NYMEX Division Margins on California Oregon Border, Palo Verde, and Mid-Columbia Electricity Futures Contracts Clearing Member (Maintenance Margin): Old: $3,000 New: $6,000 Member Customer (Initial Margin): Old: $3,300 New: $6,600 Non-Member Customer (Initial Margin): Old: $4,050 New: $8,100 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 California Oregon Border, Palo Verde, and Mid-Columbia Electricity Futures Contracts. __________________________________________________ Please click on the link below to indicate you have received this email. "http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com& refdoc=(01-51)" 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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