Notice to Members

Notice No. 45
02/01/2001

REVISED Palladium Futures Margin Rate Change for February 2, 9, and 16, 2001, TO AFFECT ALL MONTHS

The following changes are applicable to all palladium futures contract months. This notice supercedes the January 30, 2001 notice that previously cited increases for the February and March 2001 futures contracts only.

MARGIN RATE CHANGE FOR FEBRUARY 2, 2001






	Effective Date:				Friday, February 2, 2001 (close of business)



	Futures Contract:				Palladium Futures



	Contract Months:				All Months

NYMEX Division Margins on Palladium Futures Contracts

	Old	New




Clearing Member (Maintenance Margin)	$15,000	$30,000



Member Customer (Initial Margin)	$16,500	$33,000



Non-Member Customer (Initial Margin)	$20,250	$40,500

MARGIN RATE CHANGE FOR FEBRUARY 9, 2001






	Effective Date:				Friday, February 9, 2001 (close of business)



	Futures Contract:				Palladium Futures



	Contract Months:				All Months

NYMEX Division Margins on Palladium Futures Contracts

	Old	New




Clearing Member (Maintenance Margin)	$40,000	$50,000



Member Customer (Initial Margin)	$44,000	$55,000



Non-Member Customer (Initial Margin)	$54,000	$67,500

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