Margins on the spot month of the Dow Jones South Path 15 electricity price index futures contract will be $7,000 for clearing members, $7,700 for members, and $9,450 for customers. Margins on the second month will be $4,000 for clearing members, $4,400 for members, and $5,400 for customers. Margins on all other months will be $3,000 for clearing members, $3,300 for members, and $4,050 for customers.
Margins on the spot month of the Dow Jones North Path 15 electricity price index futures contract will be $7,500 for clearing members, $8,250 for members, and $10,125 for customers. Margins on the second month will be $4,500 for clearing members, $4,950 for members, and $6,075 for customers. Margins on all other months will be $3,000 for clearing members, $3,300 for members, and $4,050 for customers.
Margins on the spot month of the Dow Jones Mid–Columbia electricity price index futures contract will be $6,000 for clearing members, $6,600 for members, and $8,100 for customers. Margins on all other months will be $4,500 for clearing members, $4,950 for members, and $6,075 for customers.
Margins on the spot month of the Dow Jones Palo Verde electricity price index futures contract will be $6,500 for clearing members, $7,150 for members, and $8,775 for customers. Margins on the second month will be $8,000 for clearing members, $8,800 for members, and $10,880 for customers. Margins on all other months will be $6,000 for clearing members, $6,600 for members, and $8,100 for customers.
Margin rates for intra–commodity spreads on the four new contracts involving the spot month will be $2,000 for clearing members, $2,200 for members, and $2,700 for customers. Rates for spreads involving the second month will be $2,500 for clearing members, $2,750 for members, and $3,375 for customers. Margins on spreads between all other months will be $1,500 for clearing members, $1,650 for members, and $2,025 for customers.
