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The New York Mercantile Exchange, Inc. today announced margin changes for some of its freight, crude oil, and petroleum products swap futures contracts on NYMEX ClearPort, beginning at the close of business on October 8.
Margins for the first month of the Northwest Europe gasoline swap futures contract will decrease to $40,000 from $42,000 for clearing members, to $44,000 from $46,200 for members, and to $54,000 from $56,700 for customers. The margins for all other months will decrease to $38,000 from $40,000 for clearing members, to $41,800 from $44,000 for members, and to $51,300 from $54,000 for customers.
Margins for the Brent crude oil financial, Brent (ICE) calendar swap, and Brent crude oil last day 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 WTI-Brent (ICE) calendar swap futures contract will decrease to $600 from $2,000 for clearing members, to $660 from $2,200 for members, and to $810 from $2,700 for customers.
Margins for the WTI-Brent (ICE) bullet swap futures contract will decrease to $600 from $1,000 for clearing members, to $660 from $1,100 for members, and to $810 from $1,350 for customers.
The margins for the Brent-Dubai swap futures contract will decrease to $1,800 from $2,000 for clearing members, to $1,980 from $2,200 for members, and to $2,430 from $2,700 for customers.
Margins for the European gasoil 0.2 CIF Northwest Europe vs. gasoil swap futures contract will increase to $2,500 from $1,500 for clearing members, to $2,750 from $1,650 for members, and to $3,375 from $2,025 for customers.
The margins for the European ultra low sulfur diesel 50 PPM CIF Mediterranean vs. gasoil swap futures contract will decrease to $10,000 from $12,000 for clearing members, to $11,000 from $13,200 for members, and to $13,500 from $16,200 for customers.
Margins for the European gasoil 0.2 FOB Mediterranean vs. gasoil swap futures contract will increase to $4,500 from $3,000 for clearing members, to $4,950 from $3,300 for members, and to $6,075 from $4,050 for customers.
The margins for the European gasoil 0.2 Rotterdam Barges vs. gasoil swap futures contract will decrease to $3,500 from $4,000 for clearing members, to $3,850 from $4,400 for members, and to $4,725 from $5,400 for customers.
Margins for the European naphtha crack spread futures contract will decrease to $3,000 from $4,000 for clearing members, to $3,300 from $4,400 for members, and to $4,050 from $5,400 for customers.
The margins for the European ultra low sulfur diesel 50 PPM CIF Northwest Europe swap futures contract will decrease to $22,000 from $25,000 for clearing members, to $24,200 from $27,500 for members, and to $29,700 from $33,750 for customers.
Margins for the first month of the East-West fuel oil spread swap futures contract will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers. The margins for all other months will remain the same.
Margins for the 3.5% fuel oil Rotterdam vs. 5.3% FOB Mediterranean spread swap futures contract will decrease to $3,000 from $3,400 for clearing members, to $3,300 from $3,740 for members, and to $4,050 from $4,590 for customers.
The margins for the dated-to-frontline Brent swap futures contract will increase to $750 from $400 for clearing members, to $825 from $440 for members, and to $1,013 from $540 for customers.
Margins for the Gulf Coast gasoline calendar swap and Gulf Coast low sulfur diesel futures contracts will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers.
The margins for the first month of the European gasoil (ICE) calendar swap futures contract will decrease to $28,000 from $30,000 for clearing members, to $30,800 from $33,000 for members, and to $37,800 from $40,500 for customers. The margins for all other months will remain unchanged.
Margins for the European jet CIF Northwest Europe vs. gasoil swap futures contract will increase to $7,500 from $6,000 for clearing members, to $8,250 from $6,600 for members, and to $10,125 from $8,100 for customers.
The margins for the up-down Gulf Coast ultra low sulfur diesel vs. NYMEX heating oil spread swap futures contract will increase to $5,000 from $2,000 for clearing members, to $5,500 from $2,200 for members, and to $6,750 from $2,700 for customers.
Margins for the Gulf Coast gasoline vs. Gulf Coast heating oil spread swap futures (Platts) 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.
Margins for the Gulf Coast jet fuel vs. New York Harbor No. 2 heating oil spread swap and Gulf Coast No. 6 fuel oil 3.0% sulfur swap futures (Platts) contracts will decrease to $2,000 from $3,000 for clearing members, to $2,200 from $3,300 for members, and to $2,700 from $4,050 for customers.
The margins for the New York Harbor residual fuel 1.0% sulfur swap futures (Platts) contract will decrease to $2,500 from $3,000 for clearing members, to $2,750 from $3,300 for members, and to $3,375 from $4,050 for customers.
Margins for the Brent-Oman financial spread futures contract will decrease to $1,290 from $2,000 for clearing members, to $1,419 from $2,200 for members, and to $1,742 from $2,700 for customers.
The margins for the U.S. Gulf Coast No. 2 heating oil crack spread calendar swap futures contract 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.
Margins for the first month of the RBOB crack spread swap futures contract will decrease to $3,200 from $5,000 for clearing members, to $3,520 from $5,500 for members, and to $4,320 from $6,750 for customers. The margins for the second through fifth months will decrease to $3,000 from $4,000 for clearing members, to $3,300 from $4,400 for members, and to $4,050 from $5,400 for customers. Margins for all other months will remain the same.
The margins for the U.S. Gulf Coast unleaded 87 gasoline crack spread calendar swap futures (Platts) contract will decrease to $3,500 from $4,500 for clearing members, to $3,850 from $4,950 for members, and to $4,725 from $6,075 for customers.
Margins for the New York Harbor conventional gasoline vs. RBOB swap futures contract will increase to $1,500 from $700 for clearing members, to $1,650 from $770 for members, and to $2,025 from $945 for customers.
The margins for the Singapore fuel oil 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.
The margins for the Singapore fuel oil 380cst swap futures (Platts) contract will decrease to $18,000 from $20,000 for clearing members, to $19,800 from $22,000 for members, and to $24,300 from $27,000 for customers.
Margins for the Singapore gasoil calendar swap futures (Platts) contract will decrease to $4,000 from $5,000 for clearing members, to $4,400 from $5,500 for members, from $5,400 from $6,750 for customers.
The margins for the first month of the TC2 Rotterdam to USAC futures contract will increase to $4,000 from $2,000 for clearing members, to $4,400 from $2,200 for members, and to $5,400 from $6,750 for customers. Margins for all other months will remain the same.
Margins for the Singapore fuel oil 180 cst swap futures contract will decrease to $18,000 from $19,000 for clearing members, to $19,800 from $20,900 for members, and to $24,300 from $25,650 for customers.
The margins for the 1% fuel oil swap, Northwest Europe (Platts) futures contract will decrease to $18,000 from $20,000 for clearing members, to $19,800 from $22,000 for members, and to $24,300 from $27,000 for customers.
Margins for the European 1% fuel oil Rotterdam calendar swap futures contract will decrease to $22,000 from $25,000 for clearing members, to $24,200 from $27,500 for members, and to $29,700 from $33,750 for customers.
The margins for the jet kerosene swap, Northwest Europe (Platts) futures contract will decrease to $28,000 from $30,000 for clearing members, to $30,800 from $33,000 for members, and to $37,800 from $40,500 for customers.
Margins for the first month of the European Naphtha swap (Platts) futures contract will decrease to $30,000 from $37,000 for clearing members, to $33,000 from $40,700 for members, and to $40,500 from $49,950 for customers. The margins for all other months will remain unchanged.
Margins for the No. 2 heating oil up-down spread calendar swap futures (Platts) contract will increase to $1,500 from $1,000 for clearing members, to $1,650 from $1,100 for members, and to $2,025 from $1,350 for customers.
The margins for the 3.5% fuel oil swap, Rotterdam (Platts) futures contract will decrease to $15,000 from $17,000 for clearing members, to $16,500 from $18,700 for members, and to $20,250 from $22,950 for customers.
Margins for the up-down Gulf Coast low sulfur diesel vs. NYMEX heating oil spread swap futures contract will increase to $1,800 from $1,000 for clearing members, to $1,980 from $1,100 for members, and to $2,430 from $1,350 for customers.
