The New York Mercantile Exchange, Inc. today announced changes to the intra-commodity spread margins for its Brent crude oil financial, Brent crude oil last day, Brent (ICE) calendar swap futures contracts, effective at the close of business tomorrow.
Intra-commodity spread margins for the first month of the Brent crude oil financial and Brent crude oil last day futures contracts will increase to $450 from $400 for clearing members, to $495 from $440 for members, and to $608 from $540 for customers. Intra-commodity spread margins for second to 18th months will increase to $400 from $250 for clearing members, to $440 from $275 for members, and to $540 from $338 for customers. Intra-commodity spread margins for 19th to 42nd months will increase to $300 from $150 for clearing members, to $330 from $165 for members, and to $405 from $203 for customers. Intra-commodity spread margins for all other months will increase to $300 from $100 for clearing members, to $330 from $110 for members, and to $405 from $135 for customers.
Intra-commodity spread margins for the first month of the Brent (ICE) calendar swap futures contract will increase to $450 from $400 for clearing members, to $495 from $440 for members, and to $608 from $540 for customers. Intra-commodity spread margins for the second to 18th months will be $400 for clearing members, $440 for members, and $540 for customers. Intra-commodity spread margins for all other months will be $300 for clearing members, $330 for members, and $405 for customers.
FTSE Mondo Visione Exchanges Index:
NYMEX To Change Margins For Brent Crude Oil, Related Futures Contracts
Date 29/05/2008
