The New York Mercantile Exchange, Inc., today announced that it will increase the margins on its natural gas swing swap futures contracts, effective at the close of business on October 5.
Margins for the Dominion swing swap futures contract will increase to $3,500 from $2,125 for clearing members; to $3,850 from $2,338 for members; and to $4,725 from $2,869 for customers.
Margins for the Kern River and PG&E Citygate swing swap futures contracts will increase to $3,750 from $2,625 for clearing members; to $4,125 from $2,888 for members; and to $5,063 from $3,544 for customers.
Margins for the San Juan swing swap futures contract will increase to $3,500 from $3,375 for clearing members; to $3,850 from $3,713 for members; and to $4,725 from $4,556 for customers.
Margins for the SoCal swing swap futures contract will increase to $4,000 from $3,625 for clearing members; to $4,400 from $3,988 for members; and to $5,400 from $4,894 for customers.
Margins for the Sumas swing swap futures contract will increase to $3,000 from $2,375 for clearing members; to $3,300 from $2,613 for members; and to $4,050 from $3,206 for customers.
Margins for the Tetco M-3 and Transco Zone 6 swing swap futures contracts will increase to $4,000 from $2,250 for clearing members; to $4,400 from $2,475 for members; and to $5,400 from $3,038 for customers.
Margins for the Chicago Citygate and El Paso Permian swing swap futures contracts will increase to $3,600 from $2,969 for clearing members; to $3,960 from $3,266 for members; and to $4,860 from $4,008 for customers.
Margins for the Houston Ship Channel and Waha swing swap futures contracts will increase to $5,000 from $2,969 for clearing members; to $5,500 from $3,266 for members; and to $6,750 from $4,008 for customers.
Margins for the Panhandle swing swap futures contract will increase to $3,500 from $2,969 for clearing members; to $3,850 from $3,266 for members; and to $4,725 from $4,008 for customers.
FTSE Mondo Visione Exchanges Index: 99,697.69 -384.04
Nymex To Increase Margins For Natural Gas Swing Swap Futures Contracts
Date 04/10/2005