(01-34) Margin Rate Change for Propane ,
 ----- Forwarded by Tana Jones/HOU/ECT on 01/29/2001 01:32 PM -----

	exchangeinfo@nymex.com
	01/29/2001 01:19 PM
		 
		 To: tana.jones@enron.com
		 cc: 
		 Subject: (01-34) Margin Rate Change for Propane


Notice No. 01-34
January 29, 2001

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:    Tuesday, January 30, 2001 (close of business)

Futures Contract:  Propane Gas Futures

Contract Months: All Months

Rate Change:
NYMEX Division Margins for Propane Gas Futures Contracts

Effective Date:    Tuesday, January 30, 2001 (close of business)

Clearing Member (Maintenance Margin):            Old:  $1,900  New:  $2,500

Member Customer (Initial Margin):                Old:  $2,090  New:  $2,750

Non-Member Customer (Initial Margin):            Old:  $2,565  New:  $3,375

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 
Propane Gas Futures Contracts.




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