Notice to Members
Notice No. 317
08/24/2004
Margin Rate Changes for Light, Sweet Crude Oil, Light, Sweet Crude Oil Calendar Swap, and Light, Sweet Crude Oil e-miNY(sm) Futures Contracts
Effective Date: Wednesday, August 25, 2004 (close of business)
Futures Contracts: Light, Sweet Crude Oil (CL), Light, Sweet Crude Oil Calendar Swap (CS), and Light, Sweet Crude Oil e-miNY (QM) Futures Contracts
Contract Months: October 2004 and November 2004 Only
Rate Change:  


NYMEX Division Outright Margins on CL, CS, and QM
Contract
Clearing Member /
Maintenance Margin
Member Customer
Initial Margin
Non-Member Customer
Initial Margin
New
Old
New
Old
New
Old
CL
$3,000
$2,500
$3,300
$2,750
$4,050
$3,375
CS
$3,000
$2,500
$3,300
$2,750
$4,050
$3,375
QM
$1,500
$1,250
$1,650
$1,375
$2,025
$1,688


This notice supersedes all previous notices regarding outright margins for the NYMEX Division Light, Sweet Crude Oil, Light, Sweet Crude Oil Calendar Swap, and Light Sweet Crude Oil e-miNY Futures contracts.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com