News Release

NYMEX to Change Margins for Natural Gas, Related Futures Contracts

Wed Mar 26 2008
NEW YORK, NY, March 26, 2008 -- 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 increase to $6,000 from $5,500 for clearing members, to $6,600 from $6,050 for members, and to $8,100 from $7,425 for customers. The margins for the second to fifth months will increase to $5,750 from $5,250 for clearing members, to $6,325 from $5,775 for members, and to $7,763 from $7,088 for customers. Margins for the sixth to 11th months will increase to $6,250 from $5,500 for clearing members, to $6,875 from $6,050 for members, and to $8,438 from $7,425 for customers.  Margins for the 12th to 17th months will increase to $4,250 from $3,750 for clearing members, to $4,675 from $4,125 for members, and to $5,738 from $5,063 for customers.  The margins for the 18th to 23rd months will increase to $4,500 from $4,000 for clearing members, to $4,950 from $4,400 for members, to $6,075 from $5,400 for customers. Margins for the 24th to 35th months will increase to $3,750 from $3,500 for clearing members, to $4,125 from $3,850 for members, and to $5,063 from $4,725 for customers. The margins for the 36th to 47th months will increase to $3,500 from $3,250 for clearing members, to $3,850 from $3,575 for members, and to $4,725 from $4,388 for customers. The margins for all other months will increase to $3,000 from $2,750 for clearing members, to $3,300 from $3,025 for members, and to $4,050 from $3,713 for customers.
 
The margins for the first month of the NYMEX miNY natural gas and Henry Hub swap and penultimate swap futures contracts will increase to$1,500 from $1,375 for clearing members, to $1,650 from $1,513 for members, and to $2,025 from $1,856 for customers.
The margins for the second to fifth months will increase to $1,438 from $1,313 for clearing members, to $1,581 from $1,444 for members, and to $1,941 from $1,772 for customers. Margins for the sixth to 11th months will increase to $1,563 from $1,375 for clearing members, to $1,719 from $1,513 for members, and to $2,109 from $1,856 for customers. The margins for the 12th to 17th months will increase to $1,063 from $938 for clearing members, to $1,169 from $1,031 for members, and to $1,434 from $1,266 for customers.  Margins for the 18th to 23rd months will increase to $1,125 from $1,000 for clearing members, to $1,238 from $1,100 for members, and to $1,519 from $1,350 for customers. The margins for the 24th to 35th months will increase to $938 from $875 for clearing members, to$1,031 from $963 for members, and to $1,266 from $1,181 for customers. Margins for the 36th to 47th months will increase to $875 from $813 for clearing members, to $963 from $894 for members, and to $1,181 from $1,097 for customers. The margins for all other months will increase to $750 from $688 for clearing members, to $825 from $756 for members, and to $1,013 from $928 for customers.
 
The margins for the Henry Hub swing swap futures contracts will increase to $1,500 from $1,375 for clearing members, to $1,650 from $1,513 for members, and to $2,025 from $1,856 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