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FTSE Mondo Visione Exchanges Index:

Nymex To Increase Margins On Light, Sweet Crude Oil; Heating Oil; And Natural Gas Futures And Swap Futures

Date 22/10/2004

The New York Mercantile Exchange, Inc., announced that it will increase some of the margins on its light, sweet crude oil; heating oil; and natural gas futures and swap futures contracts, including the heating oil crack spread calendar swap and e–miNYsm energy futures contracts at the close of business today.

The margins on the December 2004 through March 2005 light, sweet crude oil futures and calendar swap futures contracts will increase to $3,500 from $3,000 for clearing members, to $3,850 from $3,300 for members, and to $4,725 from $4,050 for customers.

Margins on all other months are unchanged.

Margins on the e–miNYsm crude oil futures contracts will increase to $1,750 from $1,500 for clearing members, to $1,925 from $1,650 for members, and to $2,363from $2,025 for customers.

The margins on the first month of the heating oil futures and calendar swap futures contracts will increase to $4,000 from $3,500 for clearing members, to $4,400 from $3,850 for members, and to $5,400 from $4,725 for customers.

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

Margins on all other months are unchanged.

New York harbor heating oil crack spread calendar swap futures margins for the first through sixth months will be increased to $2,538 for clearing members, to $2,792 for members, and to $3,426 for customers. The increases are from $2,275 for the first month and $2,013 for the second through sixth months for clearing members, from $2,503 for the first month and $2,214 for the second through sixth month for members, and from $3,071 for the first month and $2,718 for the second through sixth months for customers.

Margins on all other months are unchanged.

Margins on the first and second months of the standard–sized natural gas futures contract will increase to $7,500 from $6,500 for the first month and from $6,000 for the second month for clearing members; to $8,250 from $7,150 for the first month and from $6,600 for the second for members; and to $10,125 from $8,775 for the first month and from $8,100 for the second for customers.

Margins on the third month will increase to $7,250 from $6,000 for clearing members; to $7,975 from $6,600 for members; and to $9,788 from $8,100 for customers.

Margins on the fourth month will increase to $7,000 from $6,000 for clearing members; to $7,700 from $6,600 for members; and to $9,450 from $8,100 for customers.

Margins on the fifth month will increase to $6,500 from $5,500 for clearing members; to $7,150 from $6,050 for members; and to $8,775 from $7,425 for customers.

Margins on the sixth month will increase to $4,000 from $3,500 from for clearing members; to $4,400 from $3,850 for members; and to $5,400 from $4,725 for customers.

Margins on all other months are unchanged.

Margins on the first and second months of the Henry Hub swap futures contract will increase to $1,875 from $1,625 for the first month and from $1,500 for the second month for clearing members; to $2,063 from $1,788 for the first month and from $1,650 for the second for members; and to $2,531 from $2,194 for the first month and from $2,025 for the second for customers.

Margins on the third month of the Henry Hub swap futures contract will increase to $1,813 from $1,500 for clearing members; to $1,994 from $1,650 for members; and to $2,447 from $2,025 for customers.

Margins on the fourth month will increase to $1,750 from $1,500 for clearing members; to $1,925 from $1,650 for members; and to $2,363 from $2,025 for customers.

Margins on the fifth month will increase to $1,625 from $1,375 for clearing members; to $1,788 from $1,513 members; and to $2,194 from $1,856 for customers.

Margins on the sixth month will increase to $1,000 from $875 for clearing members; to $1,100 from $963 for members; and to $1,350 from $1,181 for customers.

Margins on all other months are unchanged.

Margins on the both months of the e–miNYsm natural gas futures contract will increase to $3,750 from $3,250 for the first month and from $3,000 for the second month for clearing members; to $4,125 from $3,575 for the first month and from $3,300 for the second month for members; and to $5,063 from $4,388 for the first month and from $4,050 for the second for customers.