Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

Nymex To Raise Natural Gas Margins

Date 20/03/2002

The New York Mercantile Exchange, Inc., today announced that it would increase the margins on its natural gas futures and swaps contracts as of the close of business tomorrow.

The spot month margins will be raised to $4,000 from $2,500 for clearing members; to $4,400 from $2,750 for members; and to $5,400 from $3,375 for customers. Margins in other months will be increased as follows:

  Clearing Members Members Customers
Second Month $3,500 from $2,500 $3,850 from $2,750 $4,725 from $3,375
Third through sixth months $3,000 from $2,000 $3,300 from $2,200 $4,050 from $2,700
Seventh month and beyond $2,500 from $1,500 $2,750 from $1,650 $3,375 from $2,025