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EXCHANGE TO LOWER PALLADIUM MARGINS


FOR IMMEDIATE RELEASE
Contact: Nachamah Jacobovits
(212) 299-2430
EXCHANGE TO LOWER PALLADIUM MARGINS

NEW YORK, NY, March 8, 2001 -- The New York Mercantile Exchange, Inc., will 
decrease the margins on its palladium futures contract for all but the March 
2001 contract at the close of business on Wednesday, March 14.

For the April 2001 palladium contract and beyond, clearing member margins 
will be decreased to $5,000 from $50,000, member margins will be decreased to 
$5,500 from $55,000, and customer margins will be decreased to $6,750 from 
$67,500.

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