03/12/2003
| Effective Date: | Thursday, March 13, 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), Light Sweet Crude Oil (CL), Brent Crude Oil (SC), WTI Crude Oil Calendar Swap (CS), Crude Oil e-miNY (QM) |
| 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, Mars Blend Crude Oil,
Light Sweet Crude Oil, and Brent Crude Oil Futures Contracts
| Clearing Member (Maintenance Margin): | Old: $4,000 | New: $5,500 |
| Member Customer (Initial Margin): | Old: $4,400 | New: $6,050 |
| Non-Member Customer (Initial Margin): | Old: $5,400 | New: $7,425 |
NYMEX Division Margin Rates for WTI Crude Oil Calendar Swap Futures Contracts
| Clearing Member (Maintenance Margin): | Old: $2,000 | New: $5,500 |
| Member Customer (Initial Margin): | Old: $2,200 | New: $6,050 |
| Non-Member Customer (Initial Margin): | Old: $2,700 | New: $7,425 |
NYMEX Division Margin Rates for Crude Oil e-miNYsm Futures Contracts
| Clearing Member (Maintenance Margin): | Old: $1,600 | New: $2,200 |
| Member Customer (Initial Margin): | Old: $1,760 | New: $2,420 |
| Non-Member Customer (Initial Margin): | Old: $2,160 | New: $2,970 |
Should you have any questions regarding these changes, please contact Arthur McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855. 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, Light Sweet Crude Oil, WTI Crude Oil Calendar Swap, and Crude Oil e-miNYsm Futures Contracts.