NYMEX To Change Margins For Finanacially Settled Electricity Futures Contracts

The New York Mercantile Exchange, Inc. today announced margin changes for its financially settled electricity futures contracts on NYMEX ClearPort®, beginning at the close of business tomorrow.

Margins for the first month of the Dow Jones NP15 and Dow Jones SP15 electricity price index swap futures contracts will decrease to $17,000 from $20,000 for clearing members, to $18,700 from $22,000 for members, and to $22,950 from $27,000 for customers. The margins for the second to sixth months will decrease to $13,000 from $16,000 for clearing members, to $14,300 from $17,600 for members, and to $17,550 from $21,600 for customers. Margins for the seventh to 11th months will decrease to $7,500 from $10,500 for clearing members, to $8,250 from $11,550 for members, and to $10,125 from $14,175 for customers. The margins for all other months will decrease to $8,000 from $11,000 for clearing members, to $8,800 from $12,100 for members, and to $10,800 from $14,850 for customers.

Margins for the first month of the Dow Jones Mid-Columbia and Dow Jones Palo Verde electricity price index swap futures contracts will decrease to $15,000 from $18,000 for clearing members, to $16,500 from $19,800 for members, and to $20,250 from $24,300 for customers. The margins for the second to sixth months will decrease to $13,000 from $16,000 for clearing members, to $14,300 from $17,600 for members, and to $17,550 from $21,600 for customers. Margins for the seventh to 11th months will decrease to $7,500 from $10,500 for clearing members, to $8,250 from $11,550 for members, and to $10,125 from $14,175 for customers. The margins for all other months will decrease to $8,000 from $11,000 for clearing members, to $8,800 from $12,100 for members, and to $10,800 from $14,850 for customers.

Margins for the first month of the Cinergy Hub LMP peak electricity futures contract will decrease to $8,000 from $10,000 for clearing members, to $8,800 from $11,000 for members, and to $10,800 from $13,500 for customers. The margins for the second to sixth months will decrease to $4,000 from $6,000 for clearing members, to $4,400 from $6,600 for members, and to $5,400 from $8,100 for customers. Margins for the seventh to 11th months will decrease to $2,000 from $4,000 for clearing members, to $2,200 from $4,400 for members, and to $2,700 from $5,400 for customers. The margins for all other months will decrease to $1,000 from $3,000 for clearing members, to $1,100 from $3,300 for members, and to $1,350 from $4,050 for customers.

Margins for the first month of the Cinergy Hub LMP off-peak electricity futures contract will decrease to $3,500 from $4,500 for clearing members, to $3,850 from $4,950 for members, and to $4,725 from $6,075 for customers. The margins for the second to sixth months will decrease to $3,000 from $4,000 for clearing members, to $3,300 from $4,400 for members, and to $4,050 from $5,400 for customers. Margins for the seventh to 11th months will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers. The margins for all other months will decrease to $2,500 from $3,000 for clearing members, to $2,750 from $3,300 for members, and to $3,375 from $4,050 for customers.

Margins for the Michigan Hub LMP off-peak electricity futures contracts will decrease to $4,000 from $4,500 for clearing members, to $4,400 from $4,950 for members, and to $5,400 from $6,075 for customers.

The margins for the first month of the PJM Western Hub LMP peak monthly electricity futures contract will decrease to $10,000 from $16,000 for clearing members, to $11,000 from $17,600 for members, and to $13,500 from $21,600 for customers. Margins for the second to fourth months will decrease to $8,000 from $10,000 for clearing members, to $8,800 from $11,000 for members, and to $10,800 from $13,500 for customers. The margins on the fifth and sixth months will decrease to $4,000 from $6,000 for clearing members, to $4,400 from $6,600 for members, and to $5,400 from $8,100 for customers.

Margins for all other months will not change.

The margins for the first month of the PJM Western Hub LMP off-peak monthly and NYISO Zone A off-peak electricity futures contracts will decrease to $4,500 from $5,500 for clearing members, to $4,950 from $6,050 for members, and to $6,075 from $7,425 for customers. Margins for the second to sixth months will decrease to $8,000 from $9,000 for clearing members, to $8,800 from $9,900 for members, and to $10,800 from $12,150 for customers. Margins for all other months will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers.

The margins for the first month of the NYISO Zone A peak and NYISO Zone G peak electricity futures contracts will decrease to $5,000 from $7,000 for clearing members, to $5,500 from $7,700 for members, and to $6,750 from $9,450 for customers. Margins for the second to sixth months will decrease to $4,000 from $4,500 for clearing members, to $4,400 from $4,950 for members, and to $5,400 from $6,075 for customers. The margins for all other months will remain unchanged.

The margins for the first month of the NYISO Zone G off-peak electricity futures contract will decrease to $4,000 from $5,000 for clearing members, to $4,400 from $5,500 for members, and to $5,400 from $6,750 for customers. Margins for the second to sixth months will decrease to $8,000 from $9,000 for clearing members, to $8,800 from $9,900 for members, and to $10,800 from $12,150 for customers. The margins for all other months will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers.

Margins for the first month of the NYISO Zone J peak electricity futures contract will decrease to $5,000 from $7,000 for clearing members, to $5,500 from $7,700 for members, and to $6,750 from $9,450 for customers. The margins for the second to sixth months will decrease to $4,000 from $5,500 for clearing members, to $4,400 from $6,050 for members, and to $5,400 from $7,425 for customers. Margins for all other months will remain unchanged.

The margins for the first month of the NYISO Zone J off-peak electricity futures contract will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers. Margins for the second to sixth months will decrease to $8,000 from $9,000 for clearing members, to $8,800 from $9,900 for members, and to $10,800 from $12,150 for customers. The margins for all other months will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers.

Margins for the first month of the ISO New England Internal Hub peak electricity futures contract will decrease to $10,000 from $12,000 for clearing members, to $11,000 from $13,200 for members, and to $13,500 from $16,200 for customers. The margins for the second to sixth months will decrease to $5,000 from $7,000 for clearing members, to $5,500 from $7,700 for members, and to $6,750 from $9,450 for customers. Margins for the seventh to 11th months will decrease to $3,500 from $5,500 for clearing members, to $3,850 from $6,050 for members, and to $4,725 from $7,425 for customers. The margins for all other months will decrease to $3,000 from $5,000 for clearing members, to $3,300 from $5,500 for members, and to $4,050 from $6,750 for customers.

The margins for the first month of the ISO New England Internal Hub off-peak electricity futures contract will not change. Margins for the second to sixth months will decrease to $8,000 from $9,000 for clearing members, to $8,800 from $9,900 for members, and to $10,800 from $12,150 for customers. The margins for all other months will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers.

Margins for the first month to sixth months of the Northern Illinois Hub peak electricity futures contracts will decrease to $8,000 from $10,000 for clearing members, to $8,800 from $11,000 for members, and to $10,800 from $13,500 for customers. The margins for the seventh to 11th months will decrease to $3,000 from $5,000 for clearing members, to $3,300 from $5,500 for members, and to $4,050 from $6,750 for customers. Margins for all other months will decrease to $3,500 from $5,500 for clearing members, to $3,850 from $6,050 for members, and to $4,725 from $7,425 for customers.

The margins for the first month of the Northern Illinois Hub off-peak electricity futures contracts will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers. Margins for the second to sixth months will decrease to $3,000 from $4,000 for clearing members, to $3,300 from $4,400 for members, and to $4,050 from $5,400 for customers. The margins for the seventh to 11th months will decrease to $2,000 from $3,000 for clearing members, to $2,200 from $3,300 for members, and to $2,700 from $4,050 for customers. Margins for all other months will decrease to $2,000 from $2,500 for clearing members, to $2,200 from $2,750 for members, and to $2,700 from $3,375 for customers.

Margins for the first month of the AEP Dayton Hub peak electricity futures contract will decrease to $7,000 from $9,000 for clearing members, to $7,700 from $9,900 for members, and to $9,450 from $12,150 for customers. The margins for the second to sixth months will decrease to $8,000 from $10,000 for clearing members, to $8,800 from $11,000 for members, and to $10,800 from $13,500 for customers. Margins for the seventh to 11th months will decrease to $3,500 from $5,500 for clearing members, to $3,850 from $6,050 for members, and to $4,725 from $7,425 for customers. The margins for all other months will decrease to $1,500 from $3,500 for clearing members, to $1,650 from $3,850 for members, and to $2,025 from $4,725 for customers.

The margins for the first month of the AEP Dayton Hub off-peak electricity futures contract will not change. Margins for the second to sixth months will decrease to $3,000 from $4,000 for clearing members, to $3,300 from $4,400 for members, and to $4,050 from $5,400 for customers. The margins for the seventh to 11th months will decrease to $3,500 from $4,500 for clearing members, to $3,850 from $4,950 for members, and to $4,725 from $6,075 for customers. Margins for all other months will decrease to $2,000 from $3,000 for clearing members, to $2,200 from $3,300 for members, and to $2,700 from $4,050 for customers.