08/08/2002
This notice supersedes all previous notices regarding spot month margin assessments for the above referenced NYMEX energy futures contracts.
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| Notice to Members |
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| Notice No. 195 08/08/2002 |
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| Change in Spot Month Margin Assenssments for Natural Gas,WTI Crude Oil, Heating Oil, Unleaded Gasoline, and Appalachian Coal Futures Contracts |
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| Currently, a $3,000 spot month assessment is imposed on positions as of the close of business on the business day preceding termination. Beginning with the termination of the September 2002 contracts, the spot month assessment on the above referenced energy futures contracts will take place in two increments. First, $600 on positions at the close of business on the business day preceding termination. Second, an additional $2,400 on positions at the close of business on the day of termination for Clearing Member positions.
This notice supersedes all previous notices regarding spot month margin assessments for the above referenced NYMEX energy futures contracts. |
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| Should you have any questions or require any further information, please contact exchangeinfo@nymex.com |