News Release

NYMEX Announces Margins for New Emission Allowance Futures and Options Contracts

Wed Mar 12 2008

NEW YORK, N.Y., March 12, 2008 — The New York Mercantile Exchange, Inc. announced today margins for the new NYMEX carbon and nitrogen oxide based emissions allowance futures contracts that will begin trading on March 17.

Margins for the European Union Allowance (EAU) futures contract will be € 1,700 for clearing members, € 1,870 for members, and € 2,295 for customers.

The margins for the Certified Emission Reduction (CER) futures contract will be €1,100 for clearing members, € 1,210 for members, and € 1,485 for customers. 

Margins for the Seasonal NOX emission allowance – vintage 2009, vintage 2010, vintage 2011, and vintage 2012 – futures contracts will be $600 for clearing members, $660 for members, and $810 for customers.

The margins for the Annual NOx emission allowance – vintage 2009 and vintage 2010– futures contracts will be $2,500 for clearing members, $2,750 for members, and $3,375 for customers.

The margins for the Annual NOx emission allowance – vintage 2011, and vintage 2012- futures contract will be $3,000 for clearing members, $3,300 for members, and $4,050 for customers.

Intra-commodity spread margins for the European Union Allowance (EAU) and the Certified Emission Reduction (CER) futures contracts will be € 300 for clearing members, € 330 for members, and € 405 for customers.

Intra-commodity spread margins for the Seasonal NOX emission allowance – vintage 2009, vintage 2010, vintage 2011, and vintage 2012 – futures contracts will be $150 for clearing members, $165 for members, and $203 for customers.

Intra-commodity spread margins for the Annual NOx emission allowance – vintage 2009, vintage 2010, vintage 2011, and vintage 2012 – futures contracts will be $300 for clearing members, $330 for members, and $405 for customers.

Spot assessment margins for the European Union Allowance (EAU) and Certified Emissions Reduction (CER) futures contract will be € 2,000 for clearing members, € 2,200 for members, and € 2,700 for customers.

The spot assessment margins for the Seasonal NOX emission allowance – vintage 2009, vintage 2010, vintage 2011, and vintage 2012 – futures contracts will be $1,000 for clearing members, $1,100 for members, and $1,350 for customers.

The spot assessment margins for the Annual NOx emission allowance – vintage 2009, vintage 2010, vintage 2011, and vintage 2012 – futures contracts will be $3,000 for clearing members, $3,300 for members, and $4,050 for customers.

Information on fees on delivery specifications can be found on The Green Exchange web site, http://www.greenfutres.com/.  

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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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