News Release

NYMEX to Change Margins for Crude Oil and Petroleum Swap Futures Contracts on NYMEX ClearPort®

Thu Dec 13 2007

New York, N.Y., December 13, 2007 -- 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 tomorrow.

The margins for the European gasoil bullet swap futures contract will increase to $45,000 from $35,000 for clearing members, to $49,500 from $38,500 for members, and to $60,750 from $47,250 for customers.

Margins for the Brent-Dubai , European naphtha crack spread, and Singapore gasoil vs. Rotterdam gasoil swap futures contracts will decrease to $2,500 from $3,000 for clearing members, to $2,750 from $3,300 for members, and to $3,375 from $4,050 for customers.

The margins for the European ultra low sulfur diesel 50 PPM CIF Mediterranean vs. gasoil futures contract will decrease to $9,000 from $10,000 for clearing members, to $9,900 from $11,000 for members, and to $12,150 from $13,500 for customers.

Margins for the European ultra low sulfur diesel 50 PPM CIF Northwest Europe swap futures contract will increase to $50,000 from $30,000 for clearing members, to $55,000 from $33,000 for members, and to $67,500 from $40,500 for customers.

The margins for the first month of the East-West fuel oil spread swap (Platts) futures contract will decrease to $8,000 from $9,000 for clearing members, to $8,800 from $9,900 for members, and to $10,800 from $12,150 for customers. Margins for all other months will remain the same.

Margins for the 3.5% fuel oil Rotterdam crack swap and Gulf Coast No. 6 fuel oil 3.0% sulfur swap (Platts) futures contracts 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.

The margins for the high-low sulfur fuel oil spread swap futures contract will increase to $9,000 from $6,000 for clearing members, to $9,900 from $6,600 for members, and to $12,150 from $8,100 for customers.

Margins for the Gulf Coast jet fuel calendar swap futures contracts will increase to $6,000 from $5,000 for clearing members, to $6,600 from $5,500 for members, and to $8,100 from $6,750 for customers. 

Margins for the first month of the European gasoil (ICE) calendar swap futures contract will increase to $40,000 from $28,000 for clearing members, to $44,000 from $30,800 for members, and to $54,000 from $37,800. The margins for the second to sixth months will increase to $35,000 from $30,000 for clearing members, to $38,500 from $33,000 for members, and to $47,250 from $40,500 for customers. Margins for the seventh to 11th months will increase to $30,000 from $25,000 for clearing members, to $33,000 from $27,500 for members, and to $40,500 from $33,750 for customers. All other months will increase to $25,000 from $20,000 for clearing members, to $27,500 from $22,000 for members, and to $33,750 from $27,000 for customers.

The margins for the Japan C&F naphtha swap (Platts) futures contract will increase to $40,000 from $30,000 for clearing members, to $44,000 from $33,000 for members, and to $54,000 from $40,500.

Margins for the Singapore jet kerosene swap (Platts) futures contracts will increase to $6,500 from $5,000 for clearing members, to $7,150 from $5,500 for members, and to $8,775 from $6,750 for customers. 

The margins for the up-down Gulf Coast ultra low sulfur diesel vs. NYMEX heating oil spread swap (Platts) futures contract will decrease to $3,000 from $5,000 for clearing members, to $3,300 from $5,500 for members, and to $4,050 from $6,750 for customers. 

The margins for the Gulf Coast gasoline vs. Gulf Coast heating oil spread swap (Platts) futures contract will decrease to $4,000 from $5,000 for clearing members, to $4,400 from $5,500 for members, and to $5,400 from $6,750 for customers. 

Margins for the Gulf Coast jet vs. New York Harbor No. 2 heating oil spread swap (Platts) futures contract will decrease to $1,500 from $2,000 for clearing members, to $1,650 from $2,200 for members, and to $2,025 from $2,700 for customers. 

The margins for the Gulf Coast No. 2 heating oil crack spread calendar swap (Platts) futures contract will decrease to $3,000 from $4,000 for clearing members, to $3,300 from $4,400 for members, and to $4,050 from $5,400 for customers. 

Margins for the Russian export blend crude oil (REBCO) futures contract will increase to $5,000 from $4,000 for clearing members, to $5,500 from $4,400 for members, and to $6,750 from $5,400 for customers. 

The margins for the Gulf Coast unleaded 87 gasoline crack spread calendar swap (Platts) and Singapore fuel oil spread swap (Platts) futures contracts 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 RBOB up-down calendar swap futures contract will decrease to $1,200 from $1,500 for clearing members, to $1,320 from $1,650 for members, and to $1,620 from $2,025 for customers. 

The margins for the Singapore fuel oil 380cst calendar swap (Platts) and Singapore fuel oil 180cst calendar swap futures contracts will increase to $23,000 from $22,000 for clearing members, to $25,300 from $24,200 for members, and to $31,050 from $29,700 for customers. 

Margins for the Singapore gasoil calendar swap (Platts) 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 European gasoil 0.2 Rotterdam calendar swap futures contract will increase to $30,000 from $21,000 for clearing members, to $33,000 from $23,100 for members, and to $40,500 from $28,350 for customers.

Margins for the European jet kerosene Northwest Europe calendar swap  futures contract will increase to $45,000 from $35,000 for clearing members, to $49,500 from $38,500 for members, and to $60,750 from $47,250 for customers.

The margins for the first month of the European naphtha calendar swap futures contract will increase to $45,000 from $35,000 for clearing members, to $49,500 from $38,500 for members, and to $60,750 from $47,250 for customers. All other months remain unchanged.

Margins for the European 3.5% fuel oil Rotterdam calendar swap futures contract will increase to $25,000 from $22,000 for clearing members, to $27,500 from $24,200 for members, and to $33,750 from $29,700 for customers.

###

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.

Contact: Brenda Guzman 212-299-2436 or  Keil Decker, 212-299-2209

Corporate Communications

+1 312 930 3434
Email