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 tomorrow.
Margins for the first month of the CIG Rockies basis swap 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. The margins for the second to sixth months 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 all other months will decrease to $2,000 from $2,500 for clearing members, to $2,200 from $2,750 for members, and to $2,700 from $3,375 for customers.
The margins for the first month of the Florida Gas Zone 3 basis swap futures contract will decrease to $400 from $500 for clearing members, to $440 from $550 for members, and to $540 from $675 for customers. Margins for the second month will decrease to $400 from $700 for clearing members, to $440 from $770 for members, and to $540 from $945 for customers. The margins for the third to sixth months will decrease to $150 from $200 for clearing members, to $165 from $220 for members, and to $203 from $270 for customers. Margins for all other months will decrease to $100 from $150 for clearing members, to $110 from $165 for members, and to $135 from $203 for customers.
The margins for the first month of the Alberta basis swap futures contract will decrease to $1,000 from $1,200 for clearing members, to $1,100 from $1,320 for members, and to $1,350 from $1,620 for customers. Margins for the second month will decrease to $750 from $800 for clearing members, to $825 from $880 for members, and to $1,013 from $1,080 for customers. The margins for all other months will remain the same.
The margins for the first month of the Chicago basis swap futures contract will decrease to $500 from $600 for clearing members, to $550 from $660 for members, and to $675 from $810 for customers. Margins for all other months will remain unchanged.
The margins for the first month of the ANR Louisiana basis swap futures contract remain the same. Margins for all other months will decrease to $150 from $200 for clearing members, to $165 from $220 for members, and to $203 from $275 for customers.
The margins for the first and second months of the ANR Oklahoma basis swap futures contract will decrease to $1,400 from $1,600 for clearing members, to $1,540 from $1,760 for members, and to $1,890 from $2,160 for customers. Margins for the third to fifth months will decrease to $1,000 from $1,200 for clearing members, to $1,100 from $1,320 for members, and to $1,350 from $1,620 for customers. The margins for all other months will increase to $1,000 from $750 for clearing members, to $1,100 from $825 for members, and to $1,350 from $1,013 for customers.
Margins for the first and second months of the MichCon basis swap futures contract will decrease to $300 from $400 for clearing members, to $330 from $440 for members, and to $405 from $540 for customers. The margins for the third to fifth months will decrease to $200 from $250 for clearing members, to $220 from $275 for members, and to $270 from $338 for customers. Margins for all other months will remain unchanged.
The margins for the first month of the Houston Ship Channel basis swap futures contract will decrease to $300 from $400 for clearing members, to $330 from $440 for members, and to $405 from $540 for customers. Margins all other months will remain the same.
The margins for the first month of the San Juan basis swap futures contract will decrease to $1,000 from $1,300 for clearing members, to $1,100 from $1,430 for members, and to $1,350 from $1,755 for customers. Margins for the second month 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. The margins for the third to sixth months will decrease to $400 from $500 for clearing members, to $440 from $550 for members, and to for $540 from $675 for customers. Margins for all other months will remain unchanged.
The margins for the first to fifth months of the Sumas basis swap futures contract will remain the same. Margins for all other months will increase to $500 from $400 for clearing members, to $550 from $440 for members, and to $675 from $540 for customers.
Margins for the first month of the NGPL Mid-Con basis swap futures contract will decrease to $1,200 from $1,500 for clearing members, to $1,320 from $1,650 for members, and to $1,620 from $2,025 for customers. The margins for the second month will decrease to $1,000 from $1,200 for clearing members, to $1,100 from $1,320 for members, and to $1,350 from $1,620 for customers. Margins for all other months will remain unchanged.
The margins for the first month of the Northwest Pipeline, Rockies basis 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 second to sixth months 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 seventh to ninth months 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 all other months will decrease to $2,000 from $2,500 for clearing members, to $2,200 from $2,750 for members, and to $2,700 from $3,375 for customers.
The margins for the first month of the Kern River, Wyoming basis swap futures 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 second month will remain the same. The margins all other months will decrease to $1,500 from $2,000 for clearing members, to $1,650 from $2,200 for members, and to $2,025 from $2,700 for customers.
Margins for the first month of the El Paso Natural Gas Co. Permian Basin basis swap futures contract will decrease to $1,000 from $1,200 for clearing members, to $1,100 from $1,320 for members, and to $1,350 from $1,620 for customers. The margins for the second month 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 unchanged.
The margins for the first and second months of the Centerpoint basis swap futures contract will decrease to $1,000 from $1,200 for clearing members, to $1,100 from $1,320 for members, and to $1,350 from $1,620 for customers. Margins for the third to fifth months will decrease to $750 from $900 for clearing members, to $825 from $990 for members, and to $1,013 from $1,215 for customers. The margins for all other months will decrease to $1,000 from $1,200 for clearing members, to $1,100 from $1,320 for members, and to $1,350 from $1,620 for customers.