The New York Mercantile Exchange, Inc. today announced margin changes for some of its natural gas swing swap futures contracts, beginning at the close of business tomorrow.
Margins for the SoCal natural gas swing swap futures contract will increase to $3,500 from $3,000 for clearing members, to $3,850 from $3,300 for members, and to $4,725 from $4,050 for customers.
The margins for the San Juan natural gas swing swap futures contract will increase to $4,000 from $3,000 for clearing members, to $4,400 from $3,300 for members, and to $5,400 from $4,050 for customers.
Margins for the El Paso/Permian natural gas swing swap futures contract will increase to $4,500 from $4,000 for clearing members, to $4,950 from $4,400 for members, and to $6,075 from $5,400 for customers.
The margins for the first Kern Opal natural gas swing swap futures contract will decrease to $6,000 from $7,000 for clearing members, to $6,600 from $7,700 for members, and to $8,100 from $9,450 for customers.
Margins for the Panhandle natural gas swing swap futures contract will increase to $3,000 from $2,000 for clearing members, to $3,300 from $2,200 for members, and to $4,050 from $2,700 for customers.
Margins for the Tetco M-3 natural gas swing swap futures contract will decrease to $4,000 from $5,000 for clearing members, to $4,400 from $5,500 for members, and to $5,400 from $6,750 for customers.
Margins for the Waha natural gas swing swap futures contract will increase to $2,500 from $2,000 for clearing members, to $2,750 from $2,200 for members, and to $3,375 from $2,700 for customers.
Margins for the NGPL Midcon natural gas swing swap futures contract will increase to $4,000 from $2,000 for clearing members, to $4,400 from $2,200 for members, and to $5,400 from $2,700 for customers.
Margins for the Ventura natural gas swing swap futures contract will increase to $3,500 from $2,000 for clearing members, to $3,850 from $2,200 for members, and to $4,725 from $2,700 for customers.
