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Margins on the first month of the natural gas futures contract will increase to $16,000 from $13,000 for clearing members; to $17,600 from $14,300 for members; and to $21,600 from $17,550 for customers. The margins on the second month will increase to $15,000 from $12,500 for clearing members; to $16,500 from $13,750 for members; and to $20,250 from $16,875 for customers. Margins on the third month will increase to $14,500 from $12,500 for clearing members; to $15,950 from $13,750 for members; and to $19,575 from $16,875 for customers. The margins on the fourth to sixth months will increase to $ 14,000 from $12,000 for clearing members; to $15,400 from $13,200 for members; and to $18,900 from $16,200 for customers. Margins on all other months are unchanged.
The margins on the first months of the Henry Hub swap and Henry Hub penultimate swap futures contracts will increase to $4,000 from $3,250 for clearing members; to $4,400 from $3,575 for members; and to $5,400 from $4,388 for customers. The margins on the second month will increase to $3,750 from $3,125 for clearing members; to $4,125 from $3,438 for members; and to $5,063 from $4,219 for customers. Margins on the third month will increase to $3,625 from $3,125 for clearing members; to $3,988 from $3,438 for members; and to $4,894 from $4,219 for customers. The margins on the fourth to sixth months will increase to $3,500 from $3,000 for clearing members; to $3,850 from $3,300 for members; and to $4,725 from $4,050 for customers. All other months will remain the same.
Margins on the first month of the NYMEX miNY sm natural gas futures contract will increase to $8,000 from $6,500 for clearing members; to $8,800 from $7,150 for members; and to $10,800 from $8,775 for customers. Second month margins will increase to $7,500 from $6,250 for clearing members; to $8,250 from $6,875 for members; and to $10,125 from $8,438 for customers.
Margins on first month of the Henry Hub swing swap futures contracts will increase to $4,000 from $3,250 for clearing members; to $4,400 from $3,575 for members; and to $5,400 from $4,388 for customers.
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Forward Looking and Cautionary Statements
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to our future performance, operating results, strategy, and other future events. Such statements generally include words such as could, can, anticipate, believe, expect, seek, pursue, and similar words and terms, in connection with any discussion of future results. Forward-looking statements involve a number of assumptions, risks, and uncertainties, any of which may cause actual results to differ materially from the anticipated, estimated, or projected results referenced in forward-looking statements. In particular, the forward-looking statements of NYMEX Holdings, Inc., and its subsidiaries are subject to the following risks and uncertainties: the success and timing of new futures contracts and products; changes in political, economic, or industry conditions; the unfavorable resolution of material legal proceedings; the impact and timing of technological changes and the adequacy of intellectual property protection; the impact of legislative and regulatory actions, including without limitation, actions by the Commodity Futures Trading Commission; and terrorist activities and international hostilities, which may affect the general economy as well as oil and other commodity markets. We assume no obligation to update or supplement our forward-looking statements.
