News Release

NYMEX to Change Margins for Natural Gas, Related Futures Contracts

Tue Aug 28 2007

NEW YORK, NY, August 28, 2007 -- The New York Mercantile Exchange, Inc. today announced margin changes for its natural gas; Henry Hub swap, swing swap, and penultimate swap; natural gas penultimate and last day financial; and NYMEX miNYTM natural gas futures contracts, effective at the close of business tomorrow. 

Margins for the first month of the natural gas, natural gas penultimate financial and natural gas last day financial futures contracts will decrease to $7,500 from $8,000 for clearing members, to $8,250 from $8,800 for members, and to $10,125 from $10,800 for customers.  Margins for the second month will decrease to $7,000 from $8,500 for clearing members, to $7,700 from $9,350 for members, and to $9,450 from $11,475 for customers. Margins for the third month will decrease to $6,500 from $7,500 for clearing members, to $7,150 from $8,250 for members, and to $8,775 from $10,125 for customers. Margins for the fourth to sixth months will decrease to $6,500 from $7,000 for clearing members, to $7,150 from $7,700 for members, and to $8,775 from $9,450 for customers. Margins for the seventh to 18th months will decrease to $5,000 from $5,500 for clearing members, to $5,500 from $6,050 for members, and to $6,750 from $7,425 for customers. Margins for the 19th to 30th months will decrease to $4,000 from $4,500 for clearing members, to $4,400 from $4,950 for members, and to $5,400 from $6,075 for customers. Margins for the 31st to 42nd months will decrease $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 43rd to 54th months 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. Margins for all other months will decrease to $2,000 from $2,500 for clearing members, to $2,200 from $2,750 for members, and to $2,700 from $3,375 for customers.

The margins for the first month of the NYMEX miNY natural gas and Henry Hub swap and penultimate swap futures contracts will decrease to $1,875 from $2,000 for clearing members, to $2,063 from $2,200 for members, and to $2,531 from $2,700 for customers. Margins for the second month will decrease to $1,750 from $2,125 for clearing members, to $1,925 from $2,338 for members, and to $2,363 from $2,869 for customers. The margins for the third month will decrease to $1,625 from $1,875 for clearing members, to $1,788 from $2,063 for members, and to $2,194 from $2,531 for customers. Margins for the fourth to sixth months will decrease to $1,625 from $1,750 for clearing members, to $1,788 from $1,925 for members, and to $2,194 from $2,363 for customers.  Margins for the seventh to 18th months will decrease to $1,250 from $1,375 for clearing members, to $1,375 from $1,513 for members, and to $1,688 from $1,856 for customers. Margins for the 19th to 30th months will decrease to $1,000 from $1,125 for clearing members, to $1,100 from $1,238 for members, and to $1,350 from $1,519 for customers. Margins for the 31st to 42nd months will decrease to $750 from $875 for clearing members, to $825 from $963 for members, and to $1,013 from $1,181 for customers. Margins for the 43rd to 54th months will decrease to $625 from $750 for clearing members, to $688 from $825 for members, and to $844 from $1,013 for customers. Margins for all other months will decrease to $500 from $625 for clearing members, to $550 from $688 for members, and to $675 from $844 for customers.

Margins for the Henry Hub swing swap futures contract will decrease to $1,875 from $2,000 for clearing members, to $2,063 from $2,200 for members, and to $2,531 from $2,700 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: Anu Ahluwalia (212) 299-2439 or  Keil Decker, 212-299-2209

 

 

Corporate Communications

+1 312 930 3434
Email