I had just called down to the back office and said, hey aren't we due some 
$$$ back soon since margins should be going down?????  Fat chance......


From: Sara Shackleton@ECT on 12/12/2000 02:31 PM
To: Joseph Deffner/HOU/ECT@ECT, Sarah Wesner/Corp/Enron@Enron, Mary 
Cook/HOU/ECT@ECT
cc:  

Subject: (00-423) Natural Gas Margin Increase

FYI!!!!!!!!!!!!!!!!!!!!!!!!
----- Forwarded by Sara Shackleton/HOU/ECT on 12/12/2000 02:30 PM -----

	exchangeinfo@nymex.com
	12/12/2000 02:07 PM
		 
		 To: sara.shackleton@enron.com
		 cc: 
		 Subject: (00-423) Natural Gas Margin Increase


Notice No. 00-423
December 12, 2000

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

FROM: Neal Wolkoff, Executive Vice President

SUBJECT: MARGIN RATE CHANGE

Effective Date: Wednesday, December 13, 2000 (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

Effective Date:  Wednesday, December 13, 2000 (close of business)

Clearing Member (Maintenance Margin): Old:  $12,000  New:  $14,000

Member Customer (Initial Margin):            Old:  $13,200  New:  $15,400

Non-Member Customer (Initial Margin):   Old:  $16,200  New:  $18,900

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.


__________________________________________________
Please click on the link below to indicate you have received this
email.

"
http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&r
efdoc=(00-423)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.