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Date: Mon, 4 Feb 2002 13:06:25 -0800 (PST)
From: marketing@nymex.com
To: marketing@nymex.com
Subject: (02-37) MARGIN RATE CHANGE FOR WTI CRUDE OIL FUTURES CONTRACTS
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Notice No. 02-37
February 4, 2002

TO:                 ALL NYMEX MEMBERS AND MEMBER FIRMS
                        ALL NYMEX CLEARING FIRMS
                        ALL NYMEX OPERATIONS MANAGERS
FROM:            J. Robert Collins, Jr., President
SUBJECT:       MARGIN RATE CHANGE FOR WTI CRUDE OIL FUTURES CONTRACTS
Effective Date: 	Tuesday February 5, 2002 (close of business)
Futures Contracts:	WTI Crude Oil Futures
Contract Months:	All Months
Rate Change:

NYMEX Division Margins on WTI Crude Oil Futures Contracts
Clearing Member (Maintenance Margin):		Old:  $2,500
New:  $2,000
Member Customer (Initial Margin):			Old:  $2,750
New:  $2,200
Non-Member Customer (Initial Margin):		Old:  $3,375
New:  $2,700

NYMEX Division Inter-Commodity Spread Credits for Brent Futures Contracts
Spread		Ratio	 	% Credit	$ Requirement
Priority
CL/SC		1:1		87.5%		$500			4

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 WTI
Crude Oil Futures Contracts.