(00-356) Margin Rate Change for Palo Verde, COB, and Mid-Columbia ,
 Notice No. 00-356
October 18, 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: Thursday, October 19, 2000  (close of business)

Futures Contracts: California Oregon Border, Palo Verde, and Mid-Columbia 
Electricity Futures

Contract Months: All months
Rate Change:

NYMEX Division Margins on California Oregon Border, Palo Verde, and 
Mid-Columbia Electricity Futures Contracts

Effective Date: Thursday, October 19, 2000  (close of business)

Clearing Member (Maintenance Margin): Old: $9,000     New: $5,000

Member Customer (Initial Margin): Old: $9,900     New: $5,500

Non-Member Customer (Initial Margin): Old: $12,150     New: $6,750

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 
California Oregon Border, Palo Verde, and Mid-Columbia River Electricity 
Futures Contracts.



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