Nymex Announces Margins For Four Additional Freight Futures Contracts

The New York Mercantile Exchange, Inc., today announced the margin rates for its four new freight futures contracts which begin trading on May 23.

Margins on all months of the Freight Route TC2 futures contract will be $1,200 for clearing members, $1,320 for members, and $1,620 for customers. Margins on all months of the Freight Route TD5 futures contract will be $950 for clearing members, $1,045 for members, and $1,283 for customers. Margins on all months of the Freight Route TD3 futures contract will be $600 for clearing members, $660 for members, and $810 for customers. Margins on the Freight Route TD7 futures contract will be $500 for clearing members, $550 for members, and $675 for customers.

Intra-commodity spread margin rates for the Freight Route TC2 and Freight Route TD5 futures contracts will be $150 for clearing members, $165 for members, and $203 for customers. Intra-commodity spread margin rates for the Freight Route TD3 futures contract will be $100 for clearing members, $110 for members, and $135 for customers. Intra-commodity spread margin rates for the Freight Route TD7 futures contract will be $50 for clearing members, $55 for members, and $68 for customers.