Nymex To Change Margins For Petroleum Products Futures Contracts

The New York Mercantile Exchange, Inc. today announced margin changes for some of its petroleum products futures contracts on NYMEX ClearPort®, beginning at the close of business on September 7.

Margins for the Gulf Coast jet oil and Gulf Coast heating oil calendar swap futures contracts will decrease to $4,500 from $5,000 for clearing members, to $4,950 from $5,500 for members, and to $6,075 from $6,750 for customers.

Margins for the New York Harbor residual fuel 1% sulfur swap futures contract will decrease to $2,750 from $3,000 for clearing members, to $3,025 from $3,300 for members, and to $3,713 from $4,050 for customers.

The margins for the first month of the Gulf Coast gasoline vs. Gulf Coast heating oil spread swap futures contract will increase to $5,000 from $2,500 for clearing members, to $5,500 from $2,750 for members, and to $6,750 from $3,375 for customers.

The margins for the Gulf Coast jet fuel vs. New York Harbor No. 2 heating oil spread swap futures contract will increase to $1,500 from $1,200 for clearing members, to $1,650 from $1,320 for members, and to $2,025 from $1,620 for customers.

Margins for the New York Harbor gasoline vs. New York Harbor heating oil 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.

The margins for the No. 2 heating oil up-down spread calendar swap futures contract will increase to $1,000 from $675 for clearing members, to $1,100 from $743 for members, and to $1,350 from $911 for customers.