The New York Mercantile Exchange, Inc. today announced margin changes for some of its crude oil and petroleum products swap futures contracts on NYMEX ClearPort, beginning at the close of business tomorrow.
Margins for the first month of the Northwest Europe gasoline swap (Argus) futures contract will increase to $50,000 from $40,000 for clearing members, to $55,000 from $44,000 for members, and to $67,500 from $54,000 for customers. The margins for all other months will increase to $50,000 from $38,000 for clearing members, to $55,000 from $41,800 for members, and to $67,500 from $51,300 for customers.
Margins for the Brent bullet swap, Brent crude oil last day, and Brent (ICE) calendar futures contracts will increase to $6,000 from $4,000 for clearing members, to $6,600 from $4,400 for members, and to $8,100 from $5,400 for customers.
The margins for the European gasoil bullet swap futures contract will increase to $35,000 from $30,000 for clearing members, to $38,500 from $33,000 for members, and to $47,250 from $40,500 for customers.
Margins for the WTI-Brent (ICE) calendar and WTI-Brent (ICE) bullet swap futures contracts will increase to $1,200 from $950 for clearing members, to $1,320 from $1,045 for members, and to $1,620 from $1,283 for customers.
The margins for the Brent-Dubai swap futures contract will increase to $3,000 from $1,800 for clearing members, to $3,300 from $1,980 for members, and to $4,050 from $2,430 for customers.
Margins for the Dubai crude oil calendar swap (Platts) futures contract will increase to $5,000 from $4,000 for clearing members, to $5,500 from $4,400 for members, and to $6,750 from $5,400 for customers.
The margins for the European gasoil 0.2 FOB Mediterranean vs. gasoil swap futures contract will increase to $6,000 from $4,500 for clearing members, to $6,600 from $4,950 for members, and to $8,100 from $6,075 for customers.
Margins for the European gasoil 0.2 Rotterdam Barges vs. gasoil swap, Gulf Coast jet fuel calendar swap and Singapore jet kerosene swap (Platts) futures contracts will increase to $5,000 from $3,500 for clearing members, to $5,500 from $3,850 for members, and to $6,750 from $4,725 for customers.
The margins for the European ultra low sulfur diesel 50 PPM CIF Northwest Europe swap futures contract will increase to $30,000 from $22,000 for clearing members, to $33,000 from $24,200 for members, and to $40,500 from $29,700 for customers.
Margins for the European gasoil 10 PPM Rotterdam Barges vs. gasoil swap futures contract will increase to $12,000 from $5,000 for clearing members, to $13,200 from $5,500 for members, and to $16,200 from $6,750 for customers.
The margins for the first month of the East-West fuel oil spread swap (Platts) futures contract will increase to $9,000 from $5,000 for clearing members, to $9,900 from $5,500 for members, and to $12,150 from $6,750 for customers. Margins for all other months will remain the same.
The margins for the European ultra low sulfur diesel 50 PPM CIF Northwest Europe vs. gasoil futures contract will increase to $10,000 from $5,000 for clearing members, to $11,000 from $5,500 for members, and to $13,500 from $6,750 for customers.
Margins for the 1% fuel oil Northwest Europe crack spread swap, New York Harbor Residual fuel crack swap (Platts), and New York Harbor Residual fuel 1.0% sulfur swap (Platts) futures contracts will increase to $4,000 from $2,500 for clearing members, to $4,400 from $2,750 for members, and to $5,400 from $3,375 for customers.
The margins for the high-low sulfur fuel oil spread swap (Platts) and Gulf Coast heating oil calendar swap futures contracts will increase to $6,000 from $5,000 for clearing members, to $6,600 from $5,500 for members, and to $8,100 from $6,750 for customers.
Margins for the Singapore gasoil vs. Rotterdam gasoil swap and Gulf Coast No. 6 fuel 3.0% sulfur (Platts) swap futures contracts will increase to $3,000 from $2,000 for clearing members, to $3,300 from $2,200 for members, and to $4,050 from $2,700 for customers.
Margins for the Gulf Coast heating oil calendar swap futures contracts will increase to $6,000 from $5,000 for clearing members, to $6,600 from $5,500 for members, and to $8,100 from $6,750 for customers.
The margins for the Gulf Coast gasoline calendar swap futures contracts will increase to $7,000 from $5,000 for clearing members, to $7,700 from $5,500 for members, and to $9,450 from $6,750 for customers.
Margins for the European gasoil crack spread swap futures contract will increase to $4,000 from $3,000 for clearing members, to $4,400 from $3,300 for members, and to $5,400 from $4,050 for customers.
The margins for the Japan C&F Naphtha swap (Platts) futures contract will increase to $30,000 from $25,500 for clearing members, to $33,000 from $28,050 for members, and to $40,500 from $34,425 for customers.
Margins for the European jet CIF Northwest Europe vs. gasoil swap futures contract will increase to $10,000 from $7,500 for clearing members, to $11,000 from $8,250 for members, and to $13,500 from $10,125 for customers.
Margins for the Gulf Coast ultra low sulfur diesel swap (Platts) futures contract will increase to $5,000 from $4,500 for clearing members, to $5,500 from $4,950 for members, and to $6,750 from $6,075 for customers.
Margins for the Gulf Coast No. 6 fuel oil crack swap (Platts) futures contract will increase to $5,000 from $2,700 for clearing members, to $5,500 from $2,970 for members, and to $6,750 from $3,645 for customers.
Margins for the Mt. Belvieu propane (OPIS) swap contracts will increase to $2,000 from $1,500 for clearing members, to $2,200 from $1,650 for members, and to $2,700 from $2,025 for customers.
The margins for the European Argus gasoline crack spread swap futures contract will increase to $3,500 from $2,500 for clearing members, to $3,850 from $2,750 for members, and to $4,725 from $3,375 for customers.
Margins for the RBOB (Platts) calendar swap futures contract will increase to $7,500 from $4,500 for clearing members, to $8,250 from $4,950 for members, and to $10,125 from $6,075 for customers.
Margins for the Singapore fuel oil 380 cst calendar swap (Platts), Singapore fuel oil 180 cst calendar swap and European 1% fuel oil calendar swap (Northwest Europe) futures contracts will increase to $22,000 from $18,000 for clearing members, to $24,200 from $19,800 for members, and to $29,700 from $24,300 for customers.
The margins for the Dated Brent crude oil calendar swap futures contracts will increase to $6,000 from $4,500 for clearing members, to $6,600 from $4,950 for members, and to $8,100 from $6,075 for customers.
The margins for the European jet kerosene Northwest Europe calendar swap (Northwest Europe) futures contract will increase to $35,000 from $28,000 for clearing members, to $38,500 from $30,800 for members, and to $47,250 from $37,800 for customers.
The margins for the first month of the European Naphtha calendar swap futures contract will increase to $35,000 from $30,000 for clearing members, to $38,500 from $33,000 for members, and to $47,250 from $40,500 for customers. All other months will increase to $35,000 from $25,000 for clearing members, to $38,500 from $27,500 for members, and to $47,250 from $33,750 for customers.
Margins for the European 3.5% fuel oil Rotterdam calendar swap futures contract will increase to $22,000 from $15,000 for clearing members, to $24,200 from $16,500 for members, and to $29,700 from $20,250 for customers.
