Nymex To Decrease Margins On Financially Settled PJM Monthly Electricity Futures

The New York Mercantile Exchange, Inc., said that it will decrease the margins on its financially settled PJM monthly electricity futures contract at the close of business on Monday.

Margins on the first and second months will decrease to $2,500 from $3,000 for clearing members, to $2,750 from $3,300 for members, and to $3,375 from $4,050 for customers.

Margins on the third month will decrease to $2,000 from $2,500 for clearing members, to $2,200 from $2,750 for members, and to $2,700 from $3,375 for customers.

Margins for the fourth month will decrease to $1,000 from $2,000 for clearing members, to $1,100 from $2,200 for members, and to $1,350 from $2,700 for customers.

Margins for the fifth through 14th months will decrease to $1,000 from $1,500 for clearing members, to $1,100 from $1,650 for members, and to $1,350 from $2,025 for customers.

Margins for all other months are unchanged.Intra–commodity spread margins will decrease for all months to $250 from $500 for clearing members, to $275 from $550 for members, and to $338 from $675 for customers.