NYMEX Announces Margins For The 11 New Balance Of Month Petroleum Products Swap Futures Contracts On NYMEX ClearPort®

The New York Mercantile Exchange, Inc. today announced margins for its 11 new balance of month (BALMO) petroleum products swap futures contacts on NYMEX ClearPort clearing and trading, beginning on December 2 for trade date December 3.

Margins for the Singapore 180cst fuel oil BALMO, Singapore 380cst fuel oil BALMO, European 3.5% fuel oil (Northwest Europe) BALMO, and European 1% fuel oil (Northwest Europe) BALMO futures contracts will be $22,000 for clearing members, $24,200 for members, and $29,700 for customers. The intra-commodity spread margins will be $2,400 for clearing members, $2,640 for members, and $3,240 for customers.

Margins for the Singapore jet kerosene BALMO futures contract will be $5,000 for clearing members, $5,500 for members, and $6,750 for customers. The intra-commodity spread margins will be $250 for clearing members, $275 for members, and $338 for customers.

Margins for the Singapore gasoil BALMO and Singapore naphtha BALMO futures contracts will be $4,000 for clearing members, $4,400 for members, and $5,400 for customers. The intra-commodity spread margins will be $250 for clearing members, $275 for members, and $338 for customers.

Margins for the Dubai crude oil BALMO futures contract will be $5,000 for clearing members, $5,500 for members, and $6,750 for customers. The intra-commodity spread margins will be $480 for clearing members, $528 for members, and $648 for customers.

Margins for the first month of the European naphtha BALMO futures contract will be $35,000 for clearing members, $38,500 for members, and $47,250 for customers. The margins for all other months will also be $35,000 for clearing members, $38,500 for members, and $47,250 for customers. Intra-commodity spread margins will be $3,800 for clearing members, $4,180 for members, and $5,130 for customers.

The margins for the New York Harbor 1% fuel oil BALMO futures contract will be $4,000 for clearing members, $4,400 for members, and $5,400 for customers. Intra-commodity spread margins will be $480 for clearing members, $528 for members, and $648 for customers.

The margins for the Gulf Coast 3% fuel oil BALMO futures contract will be $3,000 for clearing members, $3,300 for members, and $4,050 for customers. Intra-commodity spread margins will be $480 for clearing members, $528 for members, and $648 for customers.