News Release

NYMEX to Change Margins for RBOB Gasoline Futures Contracts

Mon Mar 31 2008
NEW YORK, N.Y., March 31, 2008 -- The New York Mercantile Exchange, Inc. announced today that it will change margins for the RBOB gasoline, RBOB financial, RBOB calendar swap, and NYMEX miNYTM RBOB futures contracts, effective at the close of business tomorrow. 
 
Margins for the first month of the RBOB gasoline, RBOB financial, and RBOB calendar swap futures contracts will increase to $6,750 from $6,500 for clearing members, to $7,425 from $7,150 for members, and to $9,113 from $8,775 for customers. The margins for the second to fifth months will increase to $6,250 from $6,000 clearing members, to $6,875 from $6,600 for members, and to $8,438 from $8,100 for customers. Margins for the sixth to 12th months will increase to $6,000 from $5,000 for clearing members, to $6,600 from $5,500 for members, and to $8,100 from $6,750 for customers. The margins for all other months will increase to $5,750 from $4,750 for clearing members, to $6,325 from $5,225 for members, and to $7,763 from $6,413 for customers.
 
Margins for the first month of the NYMEX miNY RBOB gasoline futures contract will increase to $3,375 from $3,250 for clearing members, to $3,713 from $3,575 for members, and to $4,556 from $4,388 for customers. The margins for the second to fifth months will increase to $3,125 from $3,000 for clearing members, to $3,438 from $3,300 for members, and to $4,219 from $4,050 for customers. Margins for the sixth to 12th months will increase to $3,000 from $2,500 for clearing members, to $3,300 from $2,750 for members, and to $4,050 from $3,375 for customers. The margins for all other months will increase to $2,875 from $2,375 for clearing members, to $3,163 from $2,613 for members, and to $3,881 from $3,206 customers.
 
Intra-commodity spread margins for the first to fifth months of the RBOB gasoline, RBOB financial, and RBOB calendar swap futures contracts will decrease to $200 from $250 for clearing members, to $220 from $275 for members, and to $270 from $338 for customers. Intra-commidity spread margins for all other months will decrease to $150 from $200 for clearing members, to $165 from $220 for members, and to $203 from $270 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: Anu Ahluwalia, 212-299-2439 or Keil Decker, 212-299-2209
 

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