Tana - do you have time to meet today and show me how to read this?  Sarah


From: Tana Jones@ECT on 12/07/2000 03:29 PM
To: Sarah Wesner/Corp/Enron@Enron, Greg Whiting/Corp/Enron@ENRON
cc:  

Subject: (00-420) Margin Rate Increase for Natural Gas


----- Forwarded by Tana Jones/HOU/ECT on 12/07/2000 03:28 PM -----

	exchangeinfo@nymex.com
	12/07/2000 02:07 PM
		 
		 To: tana.jones@enron.com
		 cc: 
		 Subject: (00-420) Margin Rate Increase for Natural Gas


Notice No. 00-420
December 07, 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:  Friday, December 08, 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

Clearing Member (Maintenance Margin):  Old:  $10,000  New:  $12,000

Member Customer (Initial Margin):      Old:  $11,000  New:  $13,200

Non-Member Customer (Initial Margin):  Old:  $13,500  New:  $16,200

Intra-Commodity Straddle Margin

Clearing Member and Member Customer Maintenance

Group 1:  Old:  $1,500  New:  $2,500   Group 1 ~ 1st Nearby
Group 2:  Old:  $500    New:    $2,500   Group 2 ~ 2nd Nearby
Group 3:  Old:  $500    New:    $2,500   Group 3 ~ 3rd - 6th Nearby
Group 4:  Old:  $250    New:    $1,000   Group 4 ~ 7th - 12th Nearby
Group 5:  Old:  $100    New:    $200     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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