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The New York Mercantile Exchange, Inc. today announced margin changes for some of its petroleum products futures contracts on NYMEX ClearPort® effective at the close of business tomorrow.
Margins for the first month of the Northwest Europe gasoline swap futures contract will increase to $42,000 from $40,000 for clearing members, to $46,200 from $44,000 for members, and to $56,700 from $54,000 for customers. The margins for all other months will increase to $40,000 from $35,000 for clearing members, to $44,000 from $38,500 for members, and to $54,000 from $47,250 for customers.
Margins for the WTI-Brent (ICE) calendar swap futures contract will increase to $2,000 from $1,200 for clearing members, to $2,200 from $1,320 for members, and to $2,700 from $1,620 for customers.
The margins for the WTI-Brent (ICE) bullet swap futures contract will increase to $1,000 from $250 for clearing members, to $1,100 from $275 for members, and to $1,350 from $338 for customers.
Margins for the Brent-Dubai swap futures contract will increase to $2,000 from $700 for clearing members, to $2,200 from $770 for members, and to $2,700 from $945 for customers.
The margins for the Dubai crude oil calendar swap futures contract will increase to $4,000 from $3,000 for clearing members, to $4,400 from $3,300 for members, and to $5,400 from $4,050 for customers.
Margins for the European naphtha crack spread futures contract will increase to $4,000 from $1,500 for clearing members, to $4,400 from $1,650 for members, and to $5,400 from $2,025 for customers.
The margins for the European ultra low sulfur diesel 50 PPM CIF NWE vs. gasoil futures contract will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers.
Margins for the Singapore gasoil vs. Rotterdam gasoil swap futures contract will increase to $2,000 from $1,200 for clearing members, to $2,200 from $1,320 for members, and to $2,700 from $1,620 for customers.
The margins for the Gulf Coast heating oil calendar swap futures contract will increase to $5,000 from $4,500 for clearing members, to $5,500 from $4,950 for members, and to $6,750 from $6,075 for customers.
Margins for the Gulf Coast gasoline calendar swap futures contract will increase to $6,000 from $4,000 for clearing members, to $6,600 from $4,400 for members, and to $8,100 from $5,400 for customers.
The margins for the Gulf Coast low sulfur diesel swap futures contract will increase to $6,000 from $4,250 for clearing members, to $6,600 from $4,675 for members, and to $8,100 from $5,738 customers.
Margins for the Gulf Coast ultra low sulfur diesel swap will increase to $4,500 from $4,250 for clearing members, to $4,950 from $4,675 for members, and to $6,075 from $5,738 for customers.
The margins for the Gulf Coast No. 6 fuel oil crack swap futures contract will increase to $2,700 from $1,800 for clearing members, to $2,970 from $1,980 for members, $3,645 from $2,430 for customers.
Margins for the New York Harbor residual fuel oil crack 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.
Margins for the Singapore jet kerosene vs. gasoil spread swap futures contract will increase to $1,750 from $1,400 for clearing members, to $1,925 from $1,540 for members, and to $2,363 from $1,890 for customers.
Margins for the first and second months of the RBOB crack spread swap futures contract will increase to $5,000 from $3,500 for clearing members, to $5,500 from $3,850 for members, and to $6,750 from $4,725 for customers. The margins for the third through fifth months 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. Margins for all other months will remain the same.
Margins for the Gulf Coast unleaded 87 gasoline crack spread calendar swap futures contract will increase to $4,500 from $3,500 for clearing members, to $4,950 from $3,850 for members, and to $6,075 from $4,725 for customers.
Margins for the Singapore fuel oil spread swap futures contract will increase to $2,500 from $1,500 for clearing members, to $2,750 from $1,650 for members, and to $3,375 from $2,025 for customers.
The margins for the Singapore fuel oil 380cst calendar swap futures contract will increase to $20,000 from $13,000 for clearing members, to $22,000 from $14,300 for members, and to $27,000 from $17,550 for customers.
Margins for the Singapore gasoil calendar swap futures contract will increase to $5,000 from $4,000 for clearing members, to $5,500 from $4,400 for members, from $6,750 from $5,400 for customers.
The margins for the Singapore naphtha swap futures contract 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.
Margins for the Singapore fuel oil 180 cst calendar swap futures contract will increase to $19,000 from $17,000 for clearing members, to $20,900 from $18,700 for members, and to $25,650 from $22,950 for customers.
The margins for the European 1% fuel oil calendar swap (Northwest Europe) futures contract will increase to $20,000 from $14,000 for clearing members, to $22,000 from $15,400 for members, and to $27,000 from $18,900 for customers.
Margins for the European 1% fuel oil Rotterdam calendar swap futures contract will increase to $25,000 from $16,000 for clearing members, to $27,500 from $17,600 for members, and to $33,750 from $21,600 for customers.
The margins for the European jet kerosene Northwest Europe calendar swap futures contract will increase to $30,000 from $22,000 for clearing members, to $33,000 from $24,200 for members, and to $40,500 from $29,700 for customers.
