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The New York Mercantile Exchange, Inc. announced today that it will change margins for its coal futures contracts, beginning at the close of business tomorrow.
Margins for the Central Appalachian (CAPP) coal futures contract will increase to $8,000 from $7,000 for clearing members, to $8,800 from $7,700 for members, and to $10,800 from $9,450 for customers.
Margins for the Western Rail Powder Basin coal swap futures contract will increase to $2,500 from $1,500 for clearing members, to $2,750 from $1,650 for members, and to $3,375 from $2,025 for customers.
Margins for the Eastern Rail CSX coal swap futures contract will increase to $5,000 from $4,000 for clearing members, to $5,500 from $4,400 for members, and to $6,750 from $5,400 for customers.
