New York, N.Y., May 29, 2008 -- The New York Mercantile Exchange, Inc. today announced margin changes for the DME Oman crude oil futures contact, effective at the close of business on June 2.
Margins will increase to $7,800 from $7,500 for clearing members, to $8,580 from $8,250 for members, and to $10,530 from $10,125 for customers.
Intra-commodity margins for the first month will increase to $450 from $400 for clearing members, to $495 from $440 for members, and to $608 from $540 for customers. The intra-commodity margins for the second to 18th months will increase to $400 from $250 for clearing members, to $440 from $275 for members, and to $540 from $338 for customers. Intra-commodity margins for the 19th to 42nd months will increase to $300 from $150 for clearing members, to $330 from $165 for members, and to $405 from $203 for customers. The intra-commodity margins for all other months will increase to $300 from $100 for clearing members, to $330 from $110 for members, and to $405 from $135 for customers.
FTSE Mondo Visione Exchanges Index:
NYMEX To Change Margins For DME Oman Crude Oil Futures Contracts
Date 30/05/2008