Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Nymex Sets Margins For New Products

Date 14/11/2002

The New York Mercantile Exchange, Inc., today announced the initial margins for the new contracts that will be introduced tomorrow.

They are:

  Clearing Member/ Maintenance Margin Member Customer Initial Margin Non-Member Customer Initial Margin
ELECTRICITY
NYISO A (KA) $1,500 $1,650 $2,025
NYISO G (KG) $1,500 $1,650 $2,025
NYISO J (KJ) $1,500 $1,650 $2,025
NATURAL GAS BASIS SWAPS
MichCon Basis (NF) $50 $55 $68
Permian Basis (PM) $175 $193 $236
Texas Eastern Zone M-3 Basis (NX) $50 $55 $68
TCO Basis (TC) $325 $358 $439
PGE&E Malin Basis (PB) $650 $715 $878
PGE&E Citygate Basis (PC) $1,000 $1,100 $1,350
NGPL Tex / OK Basis (PD) $150 $165 $203
NGPL LA Basis (NY) $200 $220 $270
ANR Oklahoma Basis (NE) $100 $110 $135
SUMAS Basis (NK) $200 $220 $270
NGPL Mid-Continent Basis (NL) $150 $165 $203
Northern Natural Gas Demarcation Basis (PE) $75 $83 $101
Northern Natural Gas Ventura, Iowa Basis (PF) $400 $440 $540
Dominion Transmission Inc. ýýý Appalachia Basis (PG) $200 $220 $270
OIL SWAPS
WTI-Bow River Swap (MA) $2,400 $2,640 $3,240
Gulf Coast Gasoline vs. Gulf Coast Heating Oil Spread Swap (MD) $600 $660 $810
Gulf Coast Jet vs. NYMEX No. 2 Heating Oil Spread Swap (ME) $600 $660 $810
Gulf Coast No. 6 Fuel Oil 3.0%S Swap (MF) $2,400 $2,640 $3,240
Gulf Coast No. 6 Fuel Oil Crack Swap (MG) $2,400 $2,640 $3,240
Los Angeles CARB Gasoline Swap (MH) $2,400 $2,640 $3,240
Los Angeles CARB Gasoline vs. NYMEX Gasoline Swap (MI) $600 $660 $810
New York Harbor Conv. Gasoline vs. NYMEX Unleaded Gasoline Spread Swap (MJ) $600 $660 $810
New York Harbor LS Diesel vs. NYMEX No. 2 Heating Oil Spread Swap (MK) $600 $660 $810
New York Harbor Residual Fuel Crack Swap (ML) $600 $660 $810
New York Harbor Residual Fuel 1.0%S Swap (MM) $2,400 $2,640 $3,240
NYMEX Gasoline vs. NYMEX Heating Oil Swap (MR) $600 $660 $810
NYMEX Gasoline Calendar Swap (MS) $2,400 $2,640 $3,240
NYMEX New York Harbor Heating Oil Calendar Swap (MP) $2,400 $2,640 $3,240
L.A. Jet Fuel vs. NYMEX No. 2 Heating Oil Spread Swap (MQ) $600 $660 $810


The intra-commodity straddle margins for the additional products are:

  Clearing Member/ Maintenance Margin Member Customer Initial Margin Non-Member Customer Initial Margin
ELECTRICITY
NYISO A (KA) $1,500 $1,650 $2,025
NYISO G (KG) $1,500 $1,650 $2,025
NYISO J (KJ) $1,500 $1,650 $2,025
NATURAL GAS BASIS SWAPS
MichCon Basis (NF) $25 $28 $34
Permian Basis (PM) $25 $28 $34
Texas Eastern Zone M-3 Basis (NX) $25 $28 $34
TCO Basis (TC) $25 $28 $34
PGE&E Malin Basis (PB) $25 $28 $34
PGE&E Citygate Basis (PC) $25 $28 $34
NGPL Tex / OK Basis (PD) $25 $28 $34
NGPL LA Basis (NY) $25 $28 $34
ANR Oklahoma Basis (NE) $25 $28 $34
SUMAS Basis (NK) $25 $28 $34
NGPL Mid-Continent Basis (NL) $25 $28 $34
Northern Natural Gas Demarcation Basis (PE) $25 $28 $34
Northern Natural Gas Ventura, Iowa Basis (PF) $25 $28 $34
Dominion Transmission Inc. ýýý Appalachia Basis (PG) $25 $28 $34
OIL SWAPS
WTI-Bow River Swap (MA) $480 $528 $648
Gulf Coast Gasoline vs. Gulf Coast Heating Oil Spread Swap (MD) $240 $264 $324
Gulf Coast Jet vs. NYMEX No. 2 Heating Oil Spread Swap (ME) $240 $264 $324
Gulf Coast No. 6 Fuel Oil 3.0%S Swap (MF) $480 $528 $648
Gulf Coast No. 6 Fuel Oil Crack Swap (MG) $480 $528 $648
Los Angeles CARB Gasoline Swap (MH) $480 $528 $648
Los Angeles CARB Gasoline vs. NYMEX Gasoline Swap (MI) $240 $264 $324
New York Harbor Conv. Gasoline vs. NYMEX Unleaded Gasoline Spread Swap (MJ) $240 $264 $324
New York Harbor LS Diesel vs. NYMEX No. 2 Heating Oil Spread Swap (MK) $240 $264 $324
New York Harbor Residual Fuel Crack Swap (ML) $480 $528 $648
New York Harbor Residual Fuel 1.0%S Swap (MM) $480 $528 $648
NYMEX Gasoline vs. NYMEX Heating Oil Swap (MR) $240 $264 $324
NYMEX Gasoline Calendar Swap (MS) $480 $528 $648
NYMEX New York Harbor Heating Oil Calendar Swap (MP) $480 $528 $648
L.A. Jet Fuel vs. NYMEX No. 2 Heating Oil Spread Swap (MQ) $240 $264 $324


The spot month assessments are:

ELECTRICITY
NYISO A (KA) $3,500
NYISO G (KG) $3,500
NYISO J (KJ) $3,500
NATURAL GAS BASIS SWAPS
MichCon Basis (NF) $750
Permian Basis (PM) $750
Texas Eastern Zone M-3 Basis (NX) $750
TCO Basis (TC) $750
PGE&E Malin Basis (PB) $750
PGE&E Citygate Basis (PC) $750
NGPL Tex / OK Basis (PD) $750
NGPL LA Basis (NY) $750
ANR Oklahoma Basis (NE) $750
SUMAS Basis (NK) $750
NGPL Mid-Continent Basis (NL) $750
Northern Natural Gas Demarcation Basis (PE) $750
Northern Natural Gas Ventura, Iowa Basis (PF) $750
Dominion Transmission Inc. - Appalachia Basis (PG) $750