NYMEX To Change Margins For Petroleun Products Futures Contracts On NYMEX Clearport®

The New York Mercantile Exchange, Inc. yesterday announced margin changes for some of its petroleum products futures contracts on NYMEX ClearPort® beginning at the close of business tomorrow.

The margins for the WTI-Brent calendar swap futures contract will increase to $1,000 from $700 for clearing members, to $1,100 from $770 for members, and to $1,350 from $945 for customers.

Margins for the European gasoil 0.2 CIF Northwest Europe vs. gasoil, European naphtha crack spread, RBOB up-down calendar swap, and Singapore fuel oil spread swap futures contracts will decrease to $1,800 from $2,000 for clearing members, to $1,980 from $2,200 for members, and to $2,430 from $2,700 for customers.

Margins for the European gasoil 0.2 FOB Mediterranean vs. gasoil swap futures 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.

Margins for the European ULSD 50 PPM CIF Northwest Europe swap futures contract will decrease to $30,000 from $35,000 for clearing members, to $33,000 from $38,500 for members, and to $40,500 from $47,250 for customers.

The margins for the first month of the East-West fuel oil spread 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. All other months will remain the same.

Margins for the European ULSD 50 PPM CIF Northwest Europe vs. gasoil 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.

The margins for the 1% fuel oil Northwest Europe crack spread swap futures contract will increase to $3,000 from $2,200 for clearing members, to $3,300 from $2,420 for members, and to $4,050 from $2,970 for customers.

The margins for the 3.5% fuel oil Rotterdam crack swap futures contract will increase to $3,500 from $2,200 for clearing members, to $3,850 from $2,420 for members, and to $4,725 from $2,970 for customers.

Margins for the Singapore gasoil vs. Rotterdam gasoil swap futures contract will increase to $2,000 from $1,500 for clearing members, to $2,200 from $1,650 for members, and to $2,700 from $2,025 for customers.

Margins for the European gasoil crack spread 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.

The margins for the Gulf Coast No. 6 fuel oil 3.0% sulfur swap futures contract will increase to $3,000 from $2,500 for clearing members, to $3,300 from $2,750 for members, and to $4,050 from $3,375 for customers.

The margins for the Gulf Coast No. 6 fuel oil crack swap futures contract will decrease to $2,000 from $2,415 for clearing members, to $2,200 from $2,657 for members, and to $2,700 from $3,260 for customers.

The margins for the Gulf Coast No. 2 heating oil crack calendar 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 the Russian export blend crude oil (REBCO) futures contract will increase to $5,000 from $4,000 for clearing members, to $5,500 from $4,400 for members, and to $6,750 from $5,400 for customers.

The margins for the European Argus gasoline crack spread swap futures contract will decrease to $2,000 from $3,000 for clearing members, to $2,200 from $3,300 for members, and to $2,700 from $4,050 for customers.

Margins for the New York Harbor conventional gasoline vs. RBOB swap futures contract will increase to $700 from $500 for clearing members, to $770 from $550 for members, and to $945 from $675 for customers.

The margins for the Singapore naphtha 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 Singapore fuel oil 180cst calendar swap futures contract will increase to $20,000 from $15,000 for clearing members, to $22,000 from $16,500 for members, and to $27,000 from $20,250 for customers.

The margins for the European naphtha calendar swap futures contract will increase to $39,000 from $28,000 for clearing members, to $42,900 from $30,800 for members, and to $52,650 from $37,800 for customers.

Margins for the No.2 heating oil up-down spread calendar swap futures contract will increase to $1,200 from $1,000 for clearing members, to $1,320 from $1,100 for members, and to $1,620 from $1,350 for customers.

The margins for the European 3.5% fuel oil Rotterdam calendar swap futures contract will increase to $18,000 from $15,000 for clearing members, to $19,800 from $16,500 for members, and to $24,300 from $20,250 for customers.