The New York Mercantile Exchange, Inc. today announced margin changes for its sulfur dioxide and seasonal nitrogen oxide emission allowance futures contracts, beginning at the close of business tomorrow.
Margins for the sulfur dioxide emission allowance futures contract will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,110 for customers.
Margins for the current vintage of the seasonal nitrogen oxide emission allowance 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 2009, 2010, and 2011 vintages of the seasonal nitrogen oxide emission allowance futures contract will increase to $800 from $600 for clearing members, to $880 from $660 for members, and to $1,080 from $810 for customers.