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The New York Mercantile Exchange, Inc. today announced margin changes for its natural gas; Henry Hub swap, swing swap, and penultimate swap; natural gas penultimate and last day financial; and NYMEX miNYTM natural gas futures contracts, effective at the close of business tomorrow.
Margins for the first month of the natural gas, natural gas penultimate financial, and natural gas last day financial futures contracts will decrease to $6,500 from $7,500 for clearing members, to $7,150 from $8,250 for members, and to $8,775 from $10,125 for customers. Margins for the second month will decrease to $6,000 from $7,000 for clearing members, to $6,600 from $7,700 for members, and to $8,100 from $9,450 for customers. Margins for the third month will remain unchanged. Margins for the fourth and fifth months will decrease to $6,000 from $6,500 for clearing members, to $6,600 from $7,150 for members, and to $8,100 from $8,775 for customers. Margins for all other months will remain the same.
The margins for the first month of the NYMEX miNY natural gas and Henry Hub swap and penultimate swap futures contracts will decrease to $1,625 from $1,875 for clearing members, to $1,788 from $2,063 for members, and to $2,194 from $2,531 for customers. Margins for the second month will decrease to $1,500 from $1,750 for clearing members, to $1,650 from $1,925 for members, and to $2,025 from $2,363 for customers. The margins for the third month will remain the same. Margins for the fourth and fifth months will decrease to $1,500 from $1,625 for clearing members, to $1,650 from $1,788 for members, and to $2,025 from $2,194 for customers. Margins for all other months will remain unchanged.
Margins for the Henry Hub swing swap futures contract will decrease to $1,625 from $1,875 for clearing members, to $1,788 from $2,063 for members, and to $2,194 from $2,531 for customers.
