Nymex To Change Margins On New York Harbor Heating Oil Crack Spread Swap Futures

Nymex To Change Margins On New York Harbor Heating Oil Crack Spread Swap Futures The New York Mercantile Exchange, Inc., announced that it will change the margins on its New York harbor heating oil crack spread calendar swap futures contract at the close of business Monday.

The margins on the first month will increase to $2,275 for clearing members, to $2,503 for members, and to $3,071 for customers.

Margins on the second through sixth months will increase to $2,013 for clearing members, to $2,214 for members, and to $2,718 for customers.

Margins on the seventh through 11th months will increase to $1,925 for clearing members, to $2,118 for members, and to $2,599 for customers.

All of the new margins will increase from $1,838 for clearing members, $2,022 for members, and $2,481 for customers.

Margins on all other months are unchanged.

Margins on inter–month spreads involving all months of the contract will decrease to $100 from $240 for clearing members, to $110 from $264 for members, and to $135 from $324 for customers