Nymex Announces Margins For New Natural Gas Basis Swap Futures Contracts

The New York Mercantile Exchange, Inc., today announced the margins for its seven new natural gas basis swap futures contracts that will launch at on NYMEX ClearPort^sm on February 21 for the February 22 trade date.

Margins on the spot months of the ANR Louisiana basis swap futures, Tennessee 500 Leg basis swap futures, Trunkline, LA basis swap futures, and Texas Gas, Zone SL basis swap futures contracts will be $50 for clearing members, $55 for members, and $68 for customers. Margins on all other months will be $25 for clearing members, $28 for members, and $34 for customers.

Margins on the spot month of the Tennessee Zone 0 basis swap futures contract will be $150 for clearing members, $165 for members, and $203 for customers. Margins on all other months will be $75 for clearing members, $83 for members, and $101 for customers.

Margins on the spot months of the Kern River, Wyoming basis swap futures and Questar basis swap futures contracts will be $500 for clearing members, $550 for members, and $675 for customers. Margins on the second month will be $250 for clearing members, $275 for members, and $338 for customers. Margins on the third and fourth months will be $225 for clearing members, $248 for members, and $304 for customers. Margins on the fifth through 11th months will be $125 for clearing members, $138 for members, and $169 for customers. Margins on all other months will be $75 for clearing members, $83 for members, and $101 for customers.

Margins on the inter-month spreads for all months of the ANR Louisiana basis swap futures, Tennessee 500 Leg basis swap futures, Trunkline, LA basis swap futures, Texas Gas, Zone SL basis swap futures, Tennessee Zone 0 basis swap futures, Kern River, Wyoming basis swap futures, and Questar basis swap futures contracts will be $25 for clearing members, $28 for members, and $34 for customers.

Spot assessment margins on the ANR Louisiana basis swap futures, Tennessee 500 Leg basis swap futures, Trunkline, LA basis swap futures, Texas Gas, Zone SL basis swap futures, and Tennessee Zone 0 basis swap futures contracts will be $100 for clearing members, $110 for members, and $135 for customers.

Spot assessment margins on the Kern River, Wyoming basis swap futures and Questar basis swap futures contracts will be $500 for clearing members, $550 for members, and $675 for customers.