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The New York Mercantile Exchange, Inc. today announced margin changes for some of its natural gas basis and index swap futures contracts, beginning at the close of business tomorrow.
Margins for the first to sixth months of the CIG Rockies basis swap futures contract will increase to $1,500 from $1,000 for clearing members, to $1,650 from $1,100 for members, and to $2,025 from $1,350 for customers. The margins for the seventh to ninth months will increase to $750 from $600 for clearing members, to $825 from $660 for members, and to $1,013 from $810 for customers. Margins for the all other months will remain unchanged.
The margins for the first month of the ANR OK basis swap futures contract will increase to $750 from $500 for clearing members, to $825 from $550 for members, and to $1,013 from $675 for customers. The margins for all other months will increase to $400 from $250 for clearing members, to $440 from $275 for members, and to $540 from $338 for customers.
The margins for the first month of the Michigan Consolidated Gas Co. basis swap futures contract will increase to $400 from $200 for clearing members, to $440 from $220 for members, and to $540 from $270 for customers. The margins for the second month will increase to $250 from $200 for clearing members, to $275 from $220 for members, and to $338 from $270 for customers. Margins for all other months will remain the same.
Margins for the first month of the Houston Ship Channel basis swap futures contract will increase to $400 from $300 for clearing members, to $440 from $330 for members, and to $540 from $405 for customers. Margins for the all other months will remain unchanged.
Margins for the first month of the San Juan basis swap futures contract will increase to $750 from $500 for clearing members, to $825 from $550 for members, and to $1,013 from $675 for customers. The margins for the second to sixth months will increase to $500 from $250 for clearing members, to $550 from $275 for members, and to $675 from $338 for customers. Margins for the seventh to ninth months will remain the same. The margins for all other months will increase to $250 from $200 for clearing members, to $275 from $220 for members, and to $338 from $270 for customers.
Margins for first and second months of the Sumas basis swap futures contract will increase to $750 from $500 for clearing members, to $825 from $550 for members, and to $1,013 from $675 for customers. The margins for the third to fifth months will increase to $600 from $500 for clearing members, to $660 from $550 for members, and to $810 from $675 for customers. Margins for all other months will remain unchanged.
The margins the first to sixth months of the Natural Gas Pipeline Co. of America (NGPL) Mid-Con basis swap futures contract will increase to $600 from $500 for clearing members, to $660 from $550 for members, and to $810 from $675 for customers. Margins for all other months will remain the same.
Margins for the first month of the Northwest Pipeline, Rockies basis swap futures contract will increase to $1,200 from $1,000 for clearing members, to $1,320 from $1,100 for members, and to $1,620 from $1,350 for customers. Margins for the second to sixth months will increase to $1,000 from $800 for clearing members, to $1,100 from $880 for members, and to $1,350 from $1,080 for customers. The margins for the seventh to ninth months will increase to $800 from $600 for clearing members, to $880 from $660 for members, and to $1,080 from $810 for customers. The margins for the 10th to 16th months will increase to $600 from $400 for clearing members, to $660 from $440 for members, and to $810 from $540 for customers. Margins for all other months will remain unchanged.
The margins for the first month of the Texas Eastern Zone M-3 swap futures contract will decrease to $500 from $750 for clearing members, to $550 from $825 for members, and to $675 from $1,013 for customers. Margins for the second to fifth months will decrease to $500 from $600 for clearing members, to $550 from $660 for members, and to $675 from $810 for customers. The margins for all other months will remain the same.
The margins for the first month of the Transco Zone 6 basis swap futures contract 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 the second to fifth months will decrease to $1,500 from $2,000 for clearing members, to $1,650 from $2,200 for members, and to $2,025 from $2,700 for customers. The margins for the sixth to 10th months will decrease to $500 from $700 for clearing members, to $550 from $770 for members, and to $675 from $945 for customers. Margins for all other months will remain the same.
Margins for the first and second month of the Northern Natural Gas Demarcation and Ventura basis swap futures contracts will increase to $600 from $500 for clearing members, to $660 from $550 for members, and to $810 from $675 for customers. The margins for the third to fifth months will increase to $400 from $250 for clearing members, to $440 from $275 for members, and to $540 from $338 for customers. Margins for all other months will remain unchanged.
The margins for the first month of the Panhandle and El Paso Natural Gas Co. Permian Basin basis swap futures contracts will increase to $750 from $500 for clearing members, to $825 from $550 for members, and to $1,013 from $675 for customers. The margins for the second month will increase to $400 from $350 for clearing members, to $440 from $385 for members, and to $540 from $473 for customers. Margins for all other months will remain the same.
Margins for the first month of the Centerpoint basis swap futures contracts will increase to $750 from $500 for clearing members, to $825 from $550 for members, and to $1,013 from $675 for customers. The margins for all other months will increase to $300 from $250 for clearing members, to $330 from $275 for members, and to $405 from $338 for customers.
