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Enron Mail |
Notice No. 01-45
February 01, 2001 TO: ALL NYMEX MEMBERS AND MEMBER FIRMS ALL NYMEX CLEARING FIRMS ALL NYMEX OPERATIONS MANAGERS FROM: Neal Wolkoff Executive Vice President SUBJECT: REVISED PALLADIUM FUTURES MARGIN RATE CHANGE FOR FEBRUARY 2, 9, and 16, 2001, TO AFFECT ALL MONTHS The following changes are applicable to all palladium futures contract months. This notice supercedes the January 30, 2001 notice that previously cited increases for the February and March 2001 futures contracts only. MARGIN RATE CHANGE FOR FEBRUARY 2, 2001 Effective Date: Friday, February 2, 2001 (close of business) Futures Contract: Palladium Futures Contract Months: All Months NYMEX Division Margins on Palladium Futures Contracts Clearing Member (Maintenance Margin): Old: $15,000 New: $30,000 Member Customer (Initial Margin): Old: $16,500 New: $33,000 Non-Member Customer (Initial Margin): Old: $20,250 New: $40,500 MARGIN RATE CHANGE FOR FEBRUARY 9, 2001 Effective Date: Friday, February 9, 2001 (close of business) Futures Contract: Palladium Futures Contract Months: All Months NYMEX Division Margins on Palladium Futures Contracts Clearing Member (Maintenance Margin): Old: $30,000 New: $40,000 Member Customer (Initial Margin): Old: $33,000 New: $44,000 Non-Member Customer (Initial Margin): Old: $40,500 New: $54,000 MARGIN RATE CHANGE FOR FEBRUARY 16, 2001 Effective Date: Friday, February 16, 2001 (close of business) Futures Contract: Palladium Futures Contract Months: All Months NYMEX Division Margins on Palladium Futures Contracts Clearing Member (Maintenance Margin): Old: $40,000 New: $50,000 Member Customer (Initial Margin): Old: $44,000 New: $55,000 Non-Member Customer (Initial Margin): Old: $54,000 New: $67,500 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 Palladium 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& refdoc=(01-45)" 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.
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