Notice to Members
Notice No. 82
02/21/2003
Margin Rate Change for Light Louisiana Sweet Crude Oil, West Texas Sour Crude Oil, WTI Midland Crude Oil, and Mars Blend Crude Oil Futures Contracts, Including Inter-Commodity Spread Credits
Effective Date: Thursday February 27th, 2003 (close of business)
Futures Contracts: Light Louisiana Sweet Crude Oil (LS), West Texas Sour Crude Oil (TS), WTI Midland Crude Oil (CM), Mars Blend Crude Oil (MB)
Contract Months: All Months
Rate Change:  

NYMEX Division Margin Rates for Light Louisiana Sweet Crude Oil,
West Texas Sour Crude Oil, WTI Midland Crude Oil, and Mars Blend Crude Oil Futures Contracts
Clearing Member (Maintenance Margin): Old: $2,400 New: $3,000
Member Customer (Initial Margin): Old: $2,640 New: $3,300
Non-Member Customer (Initial Margin): Old: $3,240 New: $4,050

NYMEX Division Inter-Commodity Spread Credits

Spread Ratio New % Credit Old % Credit New $RequirementA New PriorityB Old Priority
LS/CL 1:01 98% 90% $120 1 43
MB/CL 1:01 98% 90% $120 2 44
TS/CL 1:01 98% 80% $120 3 45
CM/CL 1:01 98% 85% $120 4 47
LS/TS 1:01 95% 85% $300 9 61
LS/CM 1:01 95% 85% $300 10 62
LS/MB 1:01 95% 85% $300 11 63
TS/CM 1:01 95% 85% $300 12 64
TS/MB 1:01 95% 85% $300 13 65
CM/MB 1:01 95% 85% $300 14 66
A Based on margin rates effective February 27th, 2003, B For a complete list of revised NYMEX Division inter-commodity spread credits refer to NYMEX Notice To Members 03-83.

This notice supersedes all previous notices regarding outright margins for the NYMEX Light Louisiana Sweet Crude Oil, West Texas Sour Crude Oil, WTI Midland Crude Oil, Mars Blend Crude Oil Futures Contracts.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com