NYMEX To Change Margins For Natural Gas Swing, Index Swap Futures Contracts

The New York Mercantile Exchange, Inc. today announced that it will change margins for its natural gas swing swap and index swap futures contracts, beginning tomorrow.

Margins for the San Juan, El Paso/Permian, and SoCal swing swap futures contracts will increase to $4,000 from $2,000 for clearing members, to $4,400 from $2,200 for members, and to $5,400 from $2,700 for customers.

The margins for the first month of the Demarcation 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 all other months will increase to $700 from $100 for clearing members, to $770 from $110 for members, and to $945 from $135 for customers.

The margins for the first month of the PG&E Citygate 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 all other months will increase to $700 from $125 for clearing members, to $770 from $138 for members, and to $945 from $169 for customers.

The margins for the first month of the El Paso/Permian index swap futures contract will remain the same. Margins for all other months will increase to $700 from $150 for clearing members, to $770 from $165 for members, and to $945 from $203 for customers.

The margins for the first month of the Henry Hub index swap futures contract will remain the same. Margins for all other months will increase to $200 from $50 for clearing members, to $220 from $55 for members, and to $270 from $68 for customers.

The margins for the first month of the Houston Ship Channel index swap futures contract will remain the same. Margins for all other months will increase to $500 from $125 for clearing members, to $550 from $138 for members, and to $675 from $169 for customers.

The margins for the first month of the Rockies index swap futures contract will increase to $4,000 from $2,500 for clearing members, to $4,400 from $2,750 for members, and to $5,400 from $3,375 for customers. Margins for all other months will remain the same.

The margins for the first month of the Sumas 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 all other months will remain the same.