The New York Mercantile Exchange, Inc. today announced margin changes for some of its natural gas basis swap futures contracts, beginning at the close of business tomorrow.
Margins for the first and second months of the SoCal natural gas index swap futures contract will increase to $2,000 from $1,800 for clearing members, to $2,200 from $1,980 for members, and to $2,700 from $2,430 for customers. The margins for the third month will increase to $400 from $200 for clearing members, to $440 from $220 for members, and to $540 from $270 for customers. Margins for all other months will remain unchanged.
The margins for the first and second months of the Dominion natural gas index swap futures contract will increase to $1,800 from $1,500 for clearing members, to $1,980 from $1,650 for members, and to $2,430 from $2,025 for customers. Margins for the third month 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 all other months will remain the same.
Margins for the first and second months of the PG&E Citygate natural gas index swap futures contract will increase to $2,500 from $2,000 for clearing members, to $2,750 from $2,200 for members, and to $3,375 from $2,700 for customers. The margins for the third month will increase to $400 from $200 for clearing members, to $440 from $220 for members, and to $540 from $270 for customers. Margins for all other months will remain unchanged.
The margins for the first and second months of the Henry Hub natural gas index swap futures contract will increase to $2,000 from $1,500 for clearing members, to $2,200 from $1,650 for members, and to $2,700 from $2,025 for customers. Margins for the third month will increase to $300 from $200 for clearing members, to $330 from $220 for members, and to $405 from $270 for customers. The margins for all other months will remain the same.
Margins for the first and second months of the Dawn natural gas index swap futures contract will increase to $2,000 from $1,500 for clearing members, to $2,200 from $1,650 for members, and to $2,700 from $2,025 for customers. The margins for the third month will increase to $300 from $100 for clearing members, to $330 from $110 for members, and to $405 from $135 for customers. Margins for all other months will remain the same.
The margins for the first and second months of the Houston Ship Channel natural gas index swap futures contract will increase to $1,800 from $1,200 for clearing members, to $1,980 from $1,320 for members, and to $2,430 from $1,620 for customers. Margins for the third month will increase to $300 from $200 for clearing members, to $330 from $220 for members, and to $405 from $270 for customers. The margins for all other months will remain the same.
Margins for the first and second months of the ANR Oklahoma natural gas index swap futures contract will increase to $1,800 from $1,500 for clearing members, to $1,980 from $1,650 for members, and to $2,430 from $2,025 for customers. The margins for the third month will increase to $300 from $200 for clearing members, to $330 from $220 for members, and to $405 from $270 for customers. Margins for all other months will remain the same.
