They are:
Clearing Member/ | Member Customer Initial Margin | Non-Member Customer Initial Margin | |
Maintenance Margin | |||
NATURAL GAS | |||
Henry Hub Swap (First Month) (NN) | $1,000 | $1,100 | $1,350 |
Henry Hub Swap (Second Month) (NN) | $875 | $963 | $1,181 |
Henry Hub Swap (Third through sixth months) (NN) | $750 | $825 | $1,013 |
Henry Hub Swap (Seventh month and beyond) (NN) | $625 | $688 | $844 |
Alberta Gas Swap (NA) | $225 | $248 | $304 |
Chicago Basis Swap (NB) | $200 | $220 | $270 |
Henry Hub Basis Swap (HB) | $150 | $165 | $203 |
Houston Ship Channel Basis Swap (NH) | $200 | $220 | $270 |
San Juan Basis Swap (NJ) | $200 | $220 | $270 |
Southern California Basis Swap (NS) | $300 | $330 | $405 |
Transco Zone 6 Basis Swap (NZ) | $375 | $413 | $507 |
Northwest Pipeline, Rockies Basis Swap (NR) | $250 | $275 | $338 |
Panhandle Basis Swap (PH) | $200 | $220 | $270 |
ELECTRICITY | |||
Palo Verde Electricity (KV) | $2,000 | $2,200 | $2,700 |
Mid-Columbia Electricity (KM) | $2,000 | $2,200 | $2,700 |
PJM Interconnection-West Electricity (QJ) | $2,500 | $2,750 | $3,375 |
CRUDE OIL AND PETROLEUM PRODUCTS | |||
West Texas Intermediate Crude Oil Calendar Swap (CS) | $2,000 | $2,200 | $2,700 |
Dubai Crude Oil Calendar Swap (DC) | $2,000 | $2,200 | $2,700 |
Light Louisiana Sweet Crude Oil Futures (LS) | $2,000 | $2,200 | $2,700 |
West Texas Sour Crude Oil Futures (TS) | $2,000 | $2,200 | $2,700 |
West Texas Intermediate Midland Crude Oil (CM) | $2,000 | $2,200 | $2,700 |
Mars Blend Crude Oil (MB) | $2,000 | $2,200 | $2,700 |
New York Harbor Heating Oil Crack Spread Calendar Swap (HK) | $1,400 | $1,540 | $1,890 |
New York Harbor Unleaded Gasoline Crack Spread Calendar Swap (UK) | $1,400 | $1,540 | $1,890 |
U.S. Gulf Coast Unleaded 87 Octane Gasoline Crack Spread Calendar Swap (RU) | $1,400 | $1,540 | $1,890 |
Gulf Coast No. 2 Heating Oil Crack Spread Calendar Swap (RD) | $1,400 | $1,540 | $1,890 |
Unleaded 87 Octane Gasoline Up-Down Spread Calendar Swap (UU) | $1,600 | $1,760 | $2,160 |
No. 2 Heating Oil Up-Down Spread Calendar Swap (UT) | $260 | $286 | $351 |
The spot month assessments, effective on the last day for clearing submissions, will be: | |||
NATURAL GAS | |||
Alberta Gas Swap | $750 | ||
Chicago Basis Swap | $750 | ||
Henry Hub Basis Swap | $750 | ||
Houston Ship Channel Basis Swap | $750 | ||
San Juan Basis Swap | $750 | ||
Southern California Basis Swap | $750 | ||
Transco Zone 6 Basis Swap | $750 | ||
Northwest Pipeline, Rockies Basis Swap | $750 | ||
Panhandle Basis Swap | $750 | ||
ELECTRICITY | |||
Palo Verde Electricity | $3,500 | ||
Mid-Columbia Electricity | $3,500 | ||
PJM Interconnection-West Electricity | $3,500 | ||
CRUDE OIL | |||
Light Louisiana Sweet Crude Oil Futures | $3,000 | ||
West Texas Sour Crude Oil Futures | $3,000 | ||
West Texas Intermediate Midland Crude Oil | $3,000 | ||
Mars Blend Crude Oil | $3,000 | ||
The intra-commodity spread margins will be: | |||
Clearing Member/Maintenance Margin | Member CustomerInitial Margin | Non-MemberCustomerInitial Margin | |
NATURAL GAS | |||
Henry Hub Swap (First month) | $125 | $138 | $152 |
Henry Hub Swap (Second through 12th Months) | $63 | $69 | $93 |
Henry Hub Swap (13th Month and beyond) | $25 | $28 | $38 |
Alberta Gas Swap | $250 | $275 | $338 |
Chicago Basis Swap | $250 | $275 | $338 |
Henry Hub Basis Swap | $250 | $275 | $338 |
Houston Ship Channel Basis Swap | $250 | $275 | $338 |
San Juan Basis Swap | $250 | $275 | $338 |
Socal Basis Swap | $250 | $275 | $338 |
Transco Zone 6 Basis Swap | $250 | $275 | $338 |
Northwest Pipeline, Rockies Basis Swap | $250 | $275 | $338 |
Panhandle Basis Swap | $250 | $275 | $338 |
ELECTRICITY | |||
Palo Verde Electricity | $2,000 | $2,200 | $2,700 |
Mid-Columbia Electricity | $2,000 | $2,200 | $2,700 |
PJM Interconnection-West Electricity | $2,500 | $2,200 | $2,700 |
CRUDE OIL AND PETROLEUM PRODUCTS | |||
West Texas Intermediate Crude Oil Calendar Swap | $400 | $440 | $540 |
Dubai Crude Oil Calendar Swap | $400 | $440 | $540 |
Light Louisiana Sweet Crude Oil Futures | $400 | $440 | $540 |
West Texas Sour Crude Oil Futures | $400 | $440 | $540 |
West Texas Intermediate Midland Crude Oil | $400 | $440 | $540 |
Mars Blend Crude Oil | $400 | $440 | $540 |
New York Harbor Heating Oil Crack Spread Calendar Swap | $200 | $220 | $270 |
New York Harbor Unleaded Gasoline Crack Spread Calendar Swap | $200 | $220 | $270 |
U.S. Gulf Coast Unleaded 87 Octane Gasoline Crack Spread Calendar Swap | $200 | $220 | $270 |
U.S. Gulf Coast No. 2 Heating Oil Crack Spread Calendar Swap | $200 | $220 | $270 |
Unleaded 87 Octane Gasoline Up-Down Spread Calendar Swap | $200 | $220 | $270 |
No. 2 Heating Oil Up-Down Spread Calendar Swap | $200 | $220 | $270 |