News Release

NYMEX to Change Margins for Natural Gas Index Swap Futures Contracts

Thu Jul 12 2007

 

NEW YORK, NY, July 12, 2007 -- The New York Mercantile Exchange, Inc. today announced margin changes for its natural gas futures index swap contracts, effective at the close of business tomorrow.

Margins for the first and second months of the Demarcation, SoCal, Dominion, San Juan, PG&E City Gate, El Paso/Permian, Henry Hub, Houston Ship Channel, ANR OK, Rockies, Sumas, Panhandle, NGPL Mid-Continent and NGPL Tex/OK index swaps will remain unchanged. The margins for the third month will decrease to $200 from $250 for clearing members, to $220 from $275 for members, and to $270 from $338 for customers. Margins for all other months will remain the same.

 

The margins for the first and second months of the Transco Zone 6 index swap will remain unchanged. Margins for the third month will decrease to $200 from $1,000 for clearing members, to $220 from $1,100 for members, and to $270 from $1,350 for customers. The margins for all other months will remain the same.

 

Margins for the first and second months of the TETCO M-3 index swap will remain unchanged. The margins for the third month will decrease to $200 from $750 for clearing members, to $220 from $825 for members, and to $270 from $1,013 for customers. Margins for all other months will remain the same.

 

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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.

Contact: Steffanie Marchese, 212-299-2455 or  Keil Decker, 212-299-2209

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