Notice to Members
Notice No. 359
10/19/2000
Margin Rate Change
 
Effective Date:
 Friday, October 20, 2000 (close of business)
Futures Contract:
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 Friday, October 20, 2000
 Old New
Clearing Member (Maintenance Margin)
$5,000
$4,000
Member Customer (Initial Margin)
$5,500
$4,400
Non-Member Customer (Initial Margin)
$6,750
$5,400


The margin credit for NYMEX Light Sweet Crude/IPE Brent Crude Oil futures spread positions will also be decreased, from $4,500 to $3,500 (at the Clearing Member level), as of Fridday, October 20, 2000. The net margin after the spread will remain unchanged.

Effective at Close of Business Friday, October 20, 2000
NYMEX Light Sweet Crude Margin
 Less:
NYMEX Light Sweet/IPE Brent Crude Spread Credit
Net Margin of Spread
Clearing Member
(Maintenance Margin)
$4,000
 $3,500
$500
Member Customer
(Initial Margin)
$4,400
 $3,850
$550
Non-Member Customer
(Initial Margin)
$5,400
 $4,725
$675


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.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com