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The New York Mercantile Exchange, Inc. announced today it will change margins for the RBOB gasoline, RBOB financial, RBOB calendar swap, and NYMEX miNYTM RBOB futures contracts, effective at the close of business on Monday, July 14.
Margins for the first month of the RBOB gasoline, RBOB financial, and RBOB calendar swap futures contracts will increase to $9,500 from $9,000 for clearing members, to $10,450 from $9,900 for members, and to $12,825 from $12,150 for customers. The margins for the second and fourth months will increase to $9,000 from $8,500 for clearing members, to $9,900 from $9,350 for members, and to $12,150 from $11,475 for customers. Margins for the fifth to 11th months will increase to $8,250 from $7,750 for clearing members, to $9,075 from $8,525 for members, and to $11,138 from $10,463 customers. Margins for all other months will remain unchanged.
Margins for the first month of the NYMEX miNY RBOB gasoline futures contract will increase to $4,750 from $4,500 for clearing members, to $5,225 from $4,950 for members, and to $6,413 from $6,075 for customers. The margins for the second and fourth months 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. Margins for the fifth to 11th months will increase to $4,125 from $3,875 for clearing members, to $4,538 from $4,263 for members, and to $5,569 from $5,231 for customers. Margins for all other months will remain unchanged.
