Notice to Members
Notice No. 252
08/07/2001
Margin Rate Change for Crude Oil, Heating oil, and Unleaded Gasoline Futures Contracts.
Effective Date: Tuesday August 7, 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: $2,500
 New: $2,000
Member Customer (Initial Margin):
Old: $2,750
 New: $2,200
Non-Member Customer (Initial Margin):
Old: $3,375
 New: $2,700

The margin credit for NYMEX Light Sweet Crude/IPE Brent Crude Oil futures spread positions will also be decreased, from $2,000 to $1,500 (at the Clearing Member level), as of Tuesday, August 7, 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): $1,500
Member Customer (Initial Margin): $1,650
Non-Member Customer (Initial Margin): $2,025

Less: NYMEX Light Sweet/IPE Brent Crude Spread Credit:
  
Clearing Member (Maintenance Margin): $1,500
Member Customer (Initial Margin): $1,650
Non-Member Customer (Initial Margin): $2,025

Net Spread Margin:
  
Clearing Member (Maintenance Margin): $500
Member Customer (Initial Margin): $550
Non-Member Customer (Initial Margin): $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 Oil futures spread positions.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com