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The New York Mercantile Exchange, Inc. today announced margin changes for its natural gas index swap futures contracts, beginning at the close of business tomorrow.
The margins for the first and second months of the Dominion natural gas index swap futures contract will decrease to $1,500 from $1,800 for clearing members, to $1,650 from $1,980 for members, and to $2,025 from $2,430 for customers. Margins for all other months will remain unchanged.
The margins for the first and second months of the PG&E Citygate natural gas index swap futures contract 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. Margins for all other months will remain unchanged.
The margins for the first and second months of the Rockies Kern Opal, Transco Zone 6, and TETCO M-3 natural gas index swap futures contracts 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 unchanged.
