Notice to Members
Notice No. 397
10/22/2004
Margin Rate Changes for Light, Sweet Crude Oil, Light, Sweet Crude Oil Calendar Swap, and Light, Sweet Crude Oil e-miNY Futures Contracts
Effective Date: Friday, October 22, 2004 (close of business)
Futures Contracts: Light, Sweet Crude Oil (CL) Futures Contract
  Light, Sweet Crude Oil Calendar Swap (CS)
  Light, Sweet Crude Oil e-miNY (QM) Futures Contract
 
Contract Months: Revised Outright Margin for December 2004, January 2005, February 2005, and March 2005 Only



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
$3,500
$3,000
$3,850
$2,300
$4,725
$4,050
CS
$3,500
$3,000
$3,850
$3,300
$4,725
$4,050
QM
$1,750
$1,500
$1,925
$1,650
$2,363
$2,025

This notice supersedes all previous notices regarding outright margins for 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