Nymex To Change Margins On Henry Hub Natural Gas Futures, Swap Futures, And e-miNY(sm) Futures Contracts

The New York Mercantile Exchange, Inc., announced today that it will change the margins on its Henry Hub natural gas futures, swap futures, and e-miNY^sm futures contracts at the close of business tomorrow.

The Exchange will decrease the margins on the spot month of the standard-sized futures contract to $5,500 from $8,500 for clearing members, to $6,050 from $9,350 for members, and to $7,425 from $11,475 for customers. Margins on the second month will be decreased to $3,500 from $7,500 for clearing members, to $3,850 from $8,250 for members, and to $4,725 from $10,125 for customers. Margins on the third month will be decreased to $3,000 from $5,000 for clearing members, to $3,300 from $5,500 for members, and to $4,050 from $6,750 for customers. Margins on the fourth to 10th months will be decreased 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 on the 11th to 15th months will be increased 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. Margins on all other months will remain unchanged.

Margins on the spot month of the Henry Hub swaps futures contract will be decreased to $1,375 from $2,125 for clearing members, to $1,513 from $2,338 for members, and to $1,856 from $2,869 for customers. Margins on the second month will be decreased to $875 from $1,875 for clearing members, to $963 from $2,063 for members, and to $1,181 from $2,531 for customers. Margins on the third month will be decreased to $750 from $1,250 for clearing members, to $825 from $1,375 for members, and to $1,013 from $1,688 for customers. Margins on the fourth to 10th months will be decreased to $750 from $875 for clearing members, to $825 from $963 for members, and to $1,013 from $1,181 for customers. Margins on the 11th to 15th months will be increased to $750 from $625 for clearing members, to $825 from $688 for members, and to $1,013 from $844 for customers. Margins on all other months will remain unchanged.

The margins on the first month of e-miNY^sm natural gas futures will be decreased to $2,750 from $4,250 for clearing members, to $3,025 from $4,675 for members, and to $3,713 from $5,738 for customers. Margins on the second month will be decreased to $1,750 from $3,750 for clearing members, to $1,925 from $4,125 for members, and to $2,363 from $5,063 for customers.