News Release

NYMEX Announces Margins for New Petroleum, Related Futures Contracts

Thu Mar 06 2008

New York, N.Y., March 6, 2008 -- The New York Mercantile Exchange, Inc. today announced margins for the new petroleum and related futures contracts that will launch on March 9 for trade date March 10.

Margins for the EIA on-highway retail diesel swap futures contract will be $4,000 for clearing member, $4,400 for members, and $5,400 for customers. 

The margins for the first month of the gasoil (ICE) mini calendar swap futures contract will be $4,000 for clearing members, $4,400 for members, and $5,400 for customers. Margins for the second to sixth months will be $3,500 for clearing members, $3,850 for members, and $4,725 for customers. The margins for the seventh to 11th months will be $3,000 for clearing members, $3,300 for members, and $4,050 for customers. Margins for all other months will be $2,500 for clearing members, $2,750 for members, and $3,375 for customers.

Margins for the gasoil 0.1 barges FOB Rotterdam, gasoil 0.1 cargoes FOB Northwest Europe, and gasoil 0.1 cargoes CIF Northwest Europe swap futures contracts will be $41,000 for clearing members, $45,100 for members, and $55,350 for customers.

The margins for the gasoil 0.1 barges FOB Rotterdam vs. ICE gasoil swap, gasoil 0.1 cargoes FOB Northwest Europe vs. ICE gasoil swap, and gasoil 0.1 cargoes CIF Northwest Europe vs. ICE gasoil swap futures contracts will be $12,000 for clearing members, $13,200 for members, and $16,200 for customers.

Margins for the gasoil 10 ppm cargoes CIF Northwest Europe swap futures contract will be $39,500 for clearing members, $43,450 for members, and $53,325 for customers. 

The margins for the gasoil 10 ppm cargoes CIF Northwest Europe vs. ICE gasoil swap futures contract will be $16,000 for clearing members, $17,600 for members, and $21,600 for customers. 

Margins for the New York heating oil (Platts) swap futures contract will be $7,000 for clearing members, $7,700 for members, and $9,450 for customers. 

The margins for the New York heating oil (Platts) vs. NYMEX heating oil swap futures contract will be $650 for clearing members, $715 for member, and $878 for customers.

Margins for the New York 0.3% fuel oil swap futures contract will be $5,000 for clearing members, $5,500 for members, and $6,750 for customers.

The margins for the New York 1% fuel oil vs. Gulf Coast 3% fuel oil swap futures contract will be $1,500 for clearing members, $1,650 for members, and $2,025 for customers.

Margins for the Gulf Coast ultra-low sulfur diesel (Platts) vs. Gulf Coast jet spread swap futures contract will be $600 for clearing members, $660 for members, and $810 for customers.

Intra-commodity spread margins for the EIA on-highway retail diesel swap futures contract will be $250 for clearing members, $275 for members, and $338 for customers. 

Intra-commodity spread margins for the first month of the gasoil (ICE) mini calendar swap futures contract will be $200 for clearing members, $220 for members, and $270 for customers. Margins for the second to 11th months will be $125 for clearing members, $138 for members, and $169 for customers. The margins for all other months will be $75 for clearing members, $83 for members, and $101 for customers.

Intra-commodity spread margins for the gasoil 0.1 barges FOB Rotterdam swap, gasoil cargoes FOB Northwest Europe swap, gasoil cargoes CIF Northwest Europe swap, and gasoil 10 ppm cargoes CIF Northwest Europe swap futures contracts will be $3,400 for clearing members, $3,740 for members, $4,590 for customers. 

The intra-commodity spread margins for the gasoil 0.1 barges FOB Rotterdam vs. ICE gasoil swap, gasoil 0.1 cargoes FOB Northwest Europe vs. ICE gasoil swap, and gasoil 0.1 cargoes CIF Northwest Europe vs. ICE gasoil swap futures contracts will be $1,000 for clearing members, $1,100 for member, and $1,350 for customers.

Intra-commodity spread margins for the gasoil 10 ppm cargoes CIF Northwest Europe vs. ICE gasoil swap futures contract will be $1,400 for clearing members, $1,540 for members, $1,890 for customers. 

The intra-commodity spread margins for the New York heating oil swap (Platts) futures contract will be $250 for clearing members, $275 for members, and $338 for customers.

Intra-commodity spread margins for the New York heating oil (Platts) vs. NYMEX heating oil swap, New York 1% fuel oil vs. Gulf Coast 3% fuel oil swap, and Golf Coast ultra-low sulfur diesel (Platts) vs. Gulf Coast jet spread swap futures contracts will be $240 for clearing members, $264 for members, and $324 for customers.

The intra-commodity spread margins for the New York 0.3% fuel oil swap futures contract will be $480 for clearing members, $528 for members, and $648 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.

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

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