The margins on the first two months of the benchmark futures contract will remain unchanged at $4,000 for clearing members, $4,400 for members, and $5,400 for customers. Margins on the third and fourth months will be decreased to $3,750 from $4,000 for clearing members, to $4,125 from $4,400 for members, and to $5,063 from $5,400 for customers.
Margins for the fifth through eighth months will increase to $4,250 from 4,000 for clearing members, to $4,675 from $4,400 for members, and to $5,738 from $5,400 for customers.
Margins for the ninth month 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 the 10th through 16th months remain unchanged at $2,500 for clearing members, $2,750 for members, and $3,375for customers.
Margins for the 17th through 20th months will increase to $3,000 from $1,500 for clearing members, to $3,300 from $1,650 for members, and to $4,050 from $2,025 for customers.
Margins for all other months are unchanged at $1,500 for clearing members, $1,650 for members, and $2,025 for customers.
Henry Hub swap futures contract margins will remain unchanged for the first two months at $1,000 for clearing members, $1,100 for members, and $1,350 for customers.
Margins on the third and fourth months will decrease to $938 from $1,000 for clearing members, to $1,031 from $1,100 for members, and to $1,266 from $1,350 for customers.
Margins for the fifth to eighth months will increase to $1,063 from $1,000 for clearing members, $1,169 to $1,100 for members and to $1,434 from $1,350 for customers.
Margins for the ninth month will decrease to $750 from $1,000 for clearing members, to $825 from $1,100 for members, and to $1,013 from $1,350 for customers.
Margins for the 10th through 16th months remain unchanged at $625 for clearing members, $688 for members, and $844 for customers.Margins for the 17th through 20th months will increase to $750 from $375 for clearing members, to $825 from $413 for members, and to $1,013 from $506 for customers.Margins for all other months remain unchanged at $375 for clearing members, $413 for members, and $506 for customers.
Intra–commodity spread margins on the benchmark contracts will decrease for the third through 16th months to $500 for clearing members, $550 for members, and $675 for customers. The margins on the third and fourth months will decrease from $1,000 for clearing members, $1,100 for members, and $1,350 for customers; for the fifth through eighth months from $1,500 for clearing members, $1,650 for members, and $2,025 for customers; for the ninth month from $1,000 for clearing members, $1,100 for members, and $1,350 for customers; and for the 10th through 16th months from $750 for clearing members, $825 for members, and $1,013 for customers.
The intra–commodity spread margins for all other months will remain unchanged.
Intra–commodity spread margins for the third through 16th months of the Henry Hub swap futures contract will decrease to $125 for clearing members, $138 for members, and $169 for customers. The margins for the third and fourth months will decrease from $250 for clearing members, $275 for members, and $338 for customers; for the fifth through eighth months from $375 for clearing members, $413 for members, and $506 for customers; for the ninth month from $250 for clearing members, $275 for members, and $338 for customers; and for the 10th through 16th months from $188 for clearing members, $206 for members, and $253 for customers.
The intra–commodity spread margins on all other months will remain unchanged.
