The New York Mercantile Exchange, Inc. today announced margins for the DME Brent and Oman crude oil financial futures contacts, effective at the close of business on June 2.
Margins for the DME Brent crude oil financial futures contract will be $7,000 for clearing members, $7,700 for members, and $9,450 for customers.
The margins for the DME Oman crude oil financial futures contract will be $7,800 for clearing members, $8,580 for members, and $10,530 for customers.
Intra-commodity margins for the first month of both contracts will be $450 for clearing members, $495 for members, and $608 for customers. The intra-commodity margins for the second to 18th months will be $400 for clearing members, $440 for members, and $540 for customers. Intra-commodity margins for the 19th to 42nd months will be $300 for clearing members, $330 for members, and $405 for customers. The intra-commodity margins for all other months will be $300 for clearing members, to $330 for members, and to $405 for customers.
FTSE Mondo Visione Exchanges Index:
NYMEX Announces Margins For DME Brent And Oman Crude Oil Financial Futures Contracts
Date 30/05/2008