----- Forwarded by Tana Jones/HOU/ECT on 03/23/2001 09:06 AM -----

	exchangeinfo@nymex.com
	03/23/2001 08:22 AM
		 
		 To: tana.jones@enron.com
		 cc: 
		 Subject: (01-104) MARGIN RATE CHANGE FOR MIDDLE EAST SOUR CRUDE OIL FUTURES 
CONTRACTS


Notice No. 01-104
March 23, 2001

TO:
ALL NYMEX DIVISION MEMBERS AND MEMBER FIRMS
ALL NYMEX DIVISION CLEARING FIRMS
ALL NYMEX DIVISION OPERATIONS MANAGERS

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT:
MARGIN RATE CHANGE FOR MIDDLE EAST SOUR CRUDE OIL FUTURES CONTRACTS

Effective Date:  Friday, March 23, 2001 (close of business)
Futures Contract: Middle East Sour Crude Oil Futures
Contract Months: All Months
Rate Change:

NYMEX Division Margins for Middle East Sour Crude Oil Futures Contracts

Clearing Member (Maintenance Margin): Old:  $2,500 New:  $1,500
Member Customer (Initial Margin): Old:  $2,750 New:  $1,650
Non-Member Customer (Initial Margin): Old:  $3,375 New:  $2,025

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 
Middle East Sour Crude Oil Futures Contracts.



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