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The New York Mercantile Exchange, Inc. today announced margin changes for its New York Harbor heating oil crack spread calendar swap futures contract, effective at the close of business tomorrow.
Margins for the first month will increase to $4,000 from $3,150 for clearing members, to $4,400 from $3,465 for members, and to $5,400 from $4,253 for customers. The margins for the second month will increase to $4,000 from $3,050 for clearing members, to $4,400 from $3,355 for members, and to $5,400 from $4,118 for customers. Margins for the third to 11th months will increase to $4,000 from $2,900 for clearing members, to $4,400 from $3,190 for members, and to $5,400 from $3,915 for customers. The margins for all other months will increase to $4,000 from $2,800 for clearing members, to $4,400 from $3,080 for members, and to $5,400 from $3,780 for customers.
