The New York Mercantile Exchange, Inc. announced today that it will change margins for its ethanol futures contracts, beginning at the close of business tomorrow.
Margins for the Chicago and New York ethanol (Platts) swap futures contracts will decrease to $4,000 from $5,000 for clearing members, to $4,400 from $5,500 for members, and to $5,400 from $6,750 for customers.
The margins for the NYMEX ethanol physical futures contract will decrease to $4,000 from $4,500 for clearing members, to $4,400 from $4,950 for members, and to $5,400 from $6,075 for customers.
