NYMEX to Change Margins for Crude Oil and Petroleum Swap Futures Contracts on
Posted on February 8, 2008 – 9:34 am | by oilandgaspress.com
NYMEX ClearPort®
New York, N.Y., February 7, 2008 — The New York Mercantile Exchange, Inc. today announced margin changes for some of its crude oil and petroleum
products swap futures contracts on NYMEX ClearPort, beginning at the close of business on February 11.
Margins for the Brent bullet swap, Brent crude oil last day, and Brent (ICE) calendar swap futures contracts will decrease to $4,500 from $6,000 for
clearing members, to $4,950 from $6,600 for members, and to $6,075 from $8,100 for customers.
The margins for the European Argus gasoline crack spread swap futures contract will decrease to $3,000 from $3,500 for clearing members, to $3,300
from $3,850 for members, and to $4,050 from $4,725 for customers.
Margins for the European Naphtha crack spread futures contract 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.
The margins for the WTI-Brent (ICE) bullet swap and WTI-Brent (ICE) calendar swap futures contracts will decrease to $1,000 from $1,200 for clearing
members, to $1,100 from $1,320 for members, and to $1,350 from $1,620 for customers.
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Tags: Contracts, Crude Oil, Futures, Margins, NYMEX, Petroleum, Swap
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