NYMEX Announces Margins For New Diesel And Gasoline Futures Contracts

The New York Mercantile Exchange, Inc. today announced margin rates for its new diesel and gasoline futures contracts that will begin trading on May 13 for trade date May 14.

Margins for the New York Harbor ultra low sulfur diesel and Gulf Coast ultra low sulfur diesel futures contracts will be $4,250 for clearing members, $4,675 for members, and $5,738 for customers. Margins for the Gulf Coast gasoline futures contract will be $4,000 for clearing members, $4,400 for members, and $5,400 for customers.

The intra-commodity spread margins for the New York Harbor ultra low sulfur diesel and Gulf Coast ultra low sulfur diesel futures contracts will be $480 for clearing members, $528 for members, and $648 for customers. The intra-commodity spread margins for the Gulf Coast gasoline futures contract will be $500 for clearing members, $550 for members, and $675 for customers.

Spot assessment margins for the new contracts will be $3,000 for clearing members, $3,300 for members, and $4,050 for customers.