The New York Mercantile Exchange, Inc. today announced margin rates for the three new catastrophe risk futures contracts that will begin trading on March 4 for trade date March 5.
Margins for the nationwide catastrophe risk futures contacts will be $8,800 for clearing members, $8,800 for members, and $10,800 for customers.
The margins for the Texas to Maine and the Florida catastrophe risk futures contracts will $3,500 for clearing members, $3,850 for members, and $4,725 for customers.
