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NYMEX To Change Margins For RBOB Gasoline, Related Futures Contracts

Date 07/11/2007

The New York Mercantile Exchange, Inc. announced today that it will change margins for the RBOB gasoline, RBOB financial, RBOB calendar swap, and NYMEX miNYTM RBOB futures contracts, beginning at the close of business tomorrow. 

Margins for the first month of the RBOB, RBOB financial, and RBOB calendar swap futures contracts will increase to $5,500 from $5,000 for clearing members, to $6,050 from $5,500 for members, and to $7,425 from $6,750 for customers. The margins for the second to sixth months will increase to $5,000 from $4,750 for clearing members, to $5,500 from $5,225 for members, and to $6,750 from $6,413 for customers. Margins for the seventh to 10th 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. The margins for all other months increase to $4,000 from $3,750 for clearing members, to $4,400 from $4,125 for members, and to $5,400 from $5,063 for customers.

Margins for the first month of the NYMEX miNY RBOB futures contract will increase to $2,750 from $2,500 for clearing members, to $3,025 from $2,750 for members, and to $3,713 from $3,375 for customers. The margins for the second to sixth months will increase to $2,500 from $2,375 for clearing members, to $2,750 from $2,613 for members, and to $3,375 from $3,206 for customers. Margins for the seventh to 10th months will increase to $2,125 from $2,000 for clearing members, to $2,338 from $2,200 for members, and to $2,869 from $2,700 for customers. The margins for all other months will increase to $2,000 from $1,875 for clearing members, to $2,200 from $2,063 for members, and to $2,700 from $2,531 for customers.