New York Mercantile Exchange To Change Margins For Some Financially Settled Monthly Electricity Futures Contracts

The New York Mercantile Exchange, Inc., today announced that it will increase the margins for its ISO New England internal hub location marginal pricing swap futures peak and off-peak contracts; and the Northern Illinois hub monthly electricity futures peak and off-peak contracts, effective at the close of business tomorrow.

Margins for the ISO New England internal hub location marginal pricing swap futures peak contract will increase to $4,000 from $2,000 for clearing members, to $4,400 from $2,200 for members, and to $5,400 from $2,700 for customers.

Margins for the ISO New England internal hub location marginal pricing swap futures off-peak contract will increase to $3,500 from $3,000 for clearing members, to $3,850 from $3,300 for members, and to $4,725 from $4,050 for customers.

Margins for the Northern Illinois hub monthly electricity futures peak contract will increase to $3,000 from $1,500 for clearing members, to $3,300 from $1,650 for members, and to $4,050 from $2,025 for customers.

Margins for the Northern Illinois hub monthly electricity futures off-peak contract will increase to $2,000 from $1,500 for clearing members, to $2,200 from $1,650 for members, and to $2,700 from $2,025 for customers.