Notice to Members

Notice No. 67
02/02/2007

Updated Inter-Exchange Margins for Financially Settled Softs Futures Contracts

Effective Date: Monday, February 5, 2007 (close of business)

Futures Contracts: NYMEX Frozen Orange Juice Futures (FJ), NYMEX Cotton Futures (TT), and NYMEX Sugar #11 Futures (YO)

Contract Months : All Months

Inter-Exchange Spread Credit For NYMEX Frozen Orange Juice Futures contracts
Spread	Ratio		Clearing Member			Member Customer			Non-Member customer
Spread	Ratio		Margin Per Contract	Spread Charge Per Contract	Spread Credit Per Contract	Margin Per Contract	Spread Charge Per Contract	Spread Credit Per Contract	Margin Per Contract	Spread Charge Per Contract	Spread Credit Per Contract
NYMEX / NYBOT	1:1	Old	1200	240	960	1320	264	1056	1620	324	1296
NYMEX / NYBOT	1:1	New	1500	300	1200	1650	330	1320	2025	405	1620

Inter-Exchange Spread Credit For NYMEX Cotton Futures contracts
Spread	Ratio		Clearing Member			Member Customer			Non-Member customer
Spread	Ratio		Margin Per Contract	Spread Charge Per Contract	Spread Credit Per Contract	Margin Per Contract	Spread Charge Per Contract	Spread Credit Per Contract	Margin Per Contract	Spread Charge Per Contract	Spread Credit Per Contract
NYMEX / NYBOT	1:1	Old	1500	300	1200	1650	330	1320	2025	405	1620
NYMEX / NYBOT	1:1	New	1000	200	800	1100	220	880	1350	270	1080

Inter-Exchange Spread Credit For NYMEX Sugar #11 Futures contracts
Spread	Ratio		Clearing Member			Member Customer			Non-Member customer
Spread	Ratio		Margin Per Contract	Spread Charge Per Contract	Spread Credit Per Contract	Margin Per Contract	Spread Charge Per Contract	Spread Credit Per Contract	Margin Per Contract	Spread Charge Per Contract	Spread Credit Per Contract
NYMEX / NYBOT	1:1	Old	750	150	600	825	165	660	1013	203	810
NYMEX / NYBOT	1:1	New	500	100	400	550	110	440	675	135	540

These spread credits will be issued in accordance with the following guidelines:

Both the related NYMEX and New York Board of Trade futures positions must reside within the same contract month.
Both positions must be held with the same clearing firm.
Initially a minimum of 50 spread positions would be claimed by a Clearing Member.
While the margin credits will be issued to a Clearing Member, a Clearing Member could apply the credits to all of its customer accounts.

Should you have any questions or require any further information, please contact exchangeinfo@nymex.com