The New York Mercantile Exchange, Inc. today announced margin changes for some of its natural gas basis swap futures contracts, beginning at the close of business on Friday.
The margins for the first month of the Texas Eastern Zone M-3 basis swap futures contract will decrease to $900 from $3,000 for clearing members, to $990 from $3,300 for members, and to $1,215 from $4,050 for customers. Margins for the second to fifth months will decrease to $900 from $2,000 for clearing members, to $990 from $2,200 for members, and to $1,215 from $2,700 for customers. Margins for the sixth to 10th months will decrease to $900 from $1,000 for clearing members, to $990 from $1,100 for members, and to $1,215 from $1,350 for customers. Margins for all other months will remain the same.
