The New York Mercantile Exchange, Inc. today announced margin changes for its crude oil and related futures contracts, beginning at the close of business tomorrow.
Margins for the October, November, and December 2006 months of the crude oil (CL), Brent crude oil (SC), and crude oil financial (WS) futures contracts will decrease to $3,000 from $3,500 for clearing members, to $3,300 from $3,850 for members, and to $4,050 from $4,725 for customers.
The margins for the September, October, November, and December 2006 months of the crude oil calendar swap and Brent crude oil calendar swap futures contracts will decrease to $3,000 from $3,500 for clearing members, to $3,300 from $3,850 for members, and to $4,050 from $4,725 for customers.
Margins for the October, November and December 2006 months of the NYMEX miNYTM crude oil futures contract will decrease to $1,500 from $1,750 for clearing members, to $1,650 from $1,925 for members, and to $2,025 from $2,363 for customers.
Margins for the October, November and December 2006 months of the Brent bullet swap (BB), Brent (ICE) calendar swap (CY), and NYMEX Brent swap (BN) futures contracts will decrease to $3,000 from $3,500 for clearing members, to $3,300 from $3,850 for members, and to $4,050 from $4,725 for customers.
FTSE Mondo Visione Exchanges Index:
NYMEX To Change Margins For Crude Oil And Related Futures Contracts
Date 12/09/2006
