Nymex To Decrease Margins for Heating Oil Crack Spread Calendar Swap Futures

The New York Mercantile Exchange, Inc., announced today that it will decrease the margins on its New York Harbor heating oil crack spread calendar swap futures contracts at the close of business tomorrow.

The margins on the first month with decrease to $2,100 from $2,538 for clearing members, to $2,310 from $2,792 for members, and to $2,835 from $3,426 for customers.

The margins on the second through sixth months will decrease to $2,013 from $2,538 for clearing members, to $2,214 from $2,792 for members, and to $2,718 from $3,426 for customers.

The margins on the seventh through 11th month will decrease to $1,750 from $1,925 for clearing members, to $1,925 from $2,118 for members, to $2,363 from $2,599 for customers.

The margins on all other months will decrease to $1,663 from $1,838 for clearing members, to $1,829 from $2,022 for members, and to $2,245 from $2,481 for customers.