The New York Mercantile Exchange, Inc. today announced margin changes for its crude oil and related futures contracts, beginning at the close of business tomorrow.
Margins for the August to December 2008 crude oil, crude oil calendar swap, and crude oil financial futures contracts will increase to $9,250 from $8,750 for clearing members, to $10,175 from $9,625 for members, and to $12,488 from $11,813 for customers. Margins for all other months will increase to $8,750 from $8,500 for clearing members, to $9,625 from $9,350 for members, and to $11,813 from $11,475 for customers.
The margins for the August through December NYMEX miNYTM crude oil futures contracts will increase to $4,625 from $4,375 for clearing members, to $5,088 from $4,813 for members, and to $6,244 from $5,906 for customers. Margins for all other months will increase to $4,375 from $4,250 for clearing members, to $4,813 from $4,675 for members, and to $5,906 from $5,738 for customers.
The margins for the NYMEX MACI index futures contract will increase to $1,817 from $1,742 for clearing members, to $1,999 from $1,916 for members, and to $2,453 from $2,352 for customers.
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NYMEX To Change Margins For Crude Oil, Related Futures Contracts
Date 01/07/2008
