NYMEX To Change Margins For Heating Oil, Related Futures Contracts

The New York Mercantile Exchange, Inc. announced today that it will change margins for the heating oil, New York Harbor heating oil calendar swap, heating oil financial, and NYMEX miNY^TM heating oil futures contracts, beginning at the close of business tomorrow. 

Margins for the first month of the heating oil, New York Harbor heating oil calendar swap, and heating oil financial futures contracts will increase to $10,250 from $10,000 for clearing members, to $11,275 from $11,000 for members, and to $13,838 from $13,500 for customers.  Margins for the second month will increase to $9,750 from $9,500 for clearing members, to $10,725 from $10,450 for members, and to $13,163 from $12,825 for customers. Margins for the third through eighth months 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. The margins for all other months will increase to $8,250 from $8,000 for clearing members, to $9,075 from $8,800 for members, and to $11,138 from $10,800 for customers. 

Margins for the first month of NYMEX miNY heating oil futures contract will increase to $5,125 from $5,000 for clearing members, to $5,638 from $5,500 for members, and to $6,919 from $6,750 for customers. The margins for the second month will increase to $4,875 from $4,750 for clearing members, to $5,363 from $5,225 for members, and to $6,581 from $6,413 for customers. Margins for the third through eighth months 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 $4,125 from $4,000 for clearing members, to $4,538 from $4,400 for members, and to $5,569 from $5,400 for customers.