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The New York Mercantile Exchange, Inc. today announced the margins for its new Russian export blend crude oil (REBCO) futures contract that will be offered for trading on CME Globex® beginning on October 22 for trade date October 23.
Margins will be $3,000 for clearing members, $3,300 for members, and $4,050 for customers.
Intra-commodity spread margins for the first month will be $400 for clearing members, $440 for members, and $540 for customers. Intra-commodity spread margins for the second to fifth months will be $250 for clearing members, $275 for members, and $338 for customers. Intra-commodity spread margins for the sixth through 12th months will be $150 for clearing members, $165 for members, and $203 for customers.
Intra-commodity spread margins for all other months will be $100 for clearing members, $110 for members, and $135 for customers.
