The New York Mercantile Exchange, Inc. today announced margin changes for some of its carbon and nitrogen oxide based emission allowance futures contracts, beginning at the close of business on July 7.
Margins for the current vintage of the seasonal nitrogen oxide emission allowance futures contract will decrease to $1,500 from $2,000 for clearing members, to $1,650 from $2,200 for members, and to $2,025 from $2,700 for customers.
Margins for the 2012 vintage of the annual nitrogen oxide emission allowance futures contract will decrease to $3,000 from $3,500 for clearing members, to $3,300 from $3,850 for members, and to $4,050 from $4,725 for customers.
Margins for the 2011 vintage of the annual nitrogen oxide emission allowance futures contract will decrease to $3,500 from $4,000 for clearing members, to $3,850 from $4,400 for members, and to $4,725 from $5,400 for customers.
Margins for the 2010 vintage of the annual nitrogen oxide emission allowance futures contract will decrease to $4,500 from $5,000 for clearing members, to $4,950 from $5,500 for members, and to $6,075 from $6,750 for customers.
Margins for the 2009 vintage of the annual nitrogen oxide emission allowance futures contract will increase to $6,000 from $3,500 for clearing members, to $6,600 from $3,850 for members, and to $8,100 from $4,725 for customers.
Margins for the 2012 and 2009 vintages of the seasonal nitrogen oxide emission allowance futures contract will decrease to $1,200 from $1,300 for clearing members, to $1,320 from $1,430 for members, and to $1,620 from $1,755 for customers.
Margins for the 2011 vintage of the seasonal nitrogen oxide emission allowance futures contract 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 2010 vintage of the seasonal nitrogen oxide emission allowance futures contract will decrease to $750 from $900 for clearing members, to $825 from $990 for members, and to $1,013 from $1,215 for customers.
Margins for the sulfur dioxide emission allowance futures contract will increase to $7,000 from $5,000 for clearing members, to $7,700 from $5,500 for members, and to $9,450 from $6,750 for customers.
Margins for the European Union Allowance (EUA) futures contract will increase to €1,200 from €750 for clearing members, to €1,320 from €825 for members, and to €1,620 from €1,013 for customers.
Margins for the Certified Emission Reduction (CER) 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.