Notice No. 01-78
March 02, 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 HENRY HUB NATURAL GAS FUTURES CONTRACTS

Effective Date:  Friday, March 02, 2001 (close of business)
Futures Contract: Henry Hub Natural Gas Futures
Contract Months: All Months
Rate Change:

NYMEX Division Margins on Henry Hub Natural Gas Futures Contracts
Clearing Member (Maintenance Margin): Old:  $6,000a/$5,000b  New:  $4,500
Member Customer (Initial Margin): Old:  $6,600/$5,500  New:  $4,950
Non-Member Customer (Initial Margin): Old:  $8,100/$6,750  New:  $6,075

a April 2001 futures contract only, b all subsequent futures contract months.

Intra-Commodity Straddle Margins

Clearing Member and Member Customer Maintenance
Group 1: Old:  $2,500 New:  $1,000  Group 1 ~ 1st Nearby
Group 2: Old:  $2,500 New:  $   500  Group 2 ~ 2nd Nearby
Group 3: Old:  $2,500 New:  $   500  Group 3 ~ 3rd - 6th Nearby
Group 4: Old:  $1,000 New:  $   250  Group 4 ~ 7th - 12th Nearby
Group 5: Old:  $  200 New:  $   100  Group 5 ~ Greater than 12th
                                                        Nearby
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 
Henry Hub Natural Gas Futures Contract.



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