Nymex To Decrease Margins On Heating Oil Futures And Calendar Swap Futures

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

The margins on the spot month of the heating oil futures contact will decrease to $3,500 from $4,000 for clearing members, to $3,850 from $4,400 for members, and to $4,725 from $5,400 for customers.

Margins on the second through sixth months will decrease to $3,250 from $3,750 for clearing members, to $3,575 from $4,125 for members, and to $4,388 from $5,063 for customers.

Margins on the seventh through 11th 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 for all other months will decrease to $2,250 from $2,750 for clearing members, to $2,475 from $3,025 for members, and to $3,038 from $3,713 for customers.