News Release

NYMEX to Change Margins for Natural Gas, Related Futures Contracts

Thu Apr 17 2008

NEW YORK, NY, April 17, 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 $6,250 from $6,000 for clearing members, to $6,875 from $6,600 for members, and to $8,438 from $8,100 for customers. The margins for the second month will increase to $6,250 from $5,750 for clearing members, to $6,875 from $6,325 for members, and to $8,438 from $7,763 for customers.The margins for the third to fifth months will increase to $6,500 from $5,750 for clearing members, to $7,150 from $6,325 for members, and to $8,775 from $7,763 for customers. Margins for the sixth to 11th months will increase to $7,000 from $6,250 for clearing members, to $7,700 from $6,875 for members, and to $9,450 from $8,438 for customers.  Margins for the 12th to 17th months will increase to $5,000 from $4,250 for clearing members, to $5,500 from $4,675 for members, and to $6,750 from $5,738 for customers.  The margins for the 18th to 23rd months will increase to $5,000 from $4,500 for clearing members, to $5,500 from $4,950 for members, to $6,750 from $6,075 for customers. Margins for the 24th to 35th months will increase to $4,000 from $3,750 for clearing members, to $4,400 from $4,125 for members, and to $5,400 from $5,063 for customers. The margins for the 36th to 47th 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 all other months will increase to $3,250 from $3,000 for clearing members, to $3,575 from $3,300 for members, and to $4,388 from $4,050 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 $1,563 from $1,500 for clearing members, to $1,719 from $1,650 for members, and to $2,025 from $1,941 for customers. The margins for the second month will increase to $1,563 from $1,438 for clearing members, to $1,719 from $1,581 for members, and to $2,109 from $1,941 for customers. The margins for the third to fifth months will increase to $1,625 from $1,438 for clearing members, to $1,788 from $1,581 for members, and to $2,194 from $1,941 for customers. Margins for the sixth to 11th months will increase to $1,750 from $1,563 for clearing members, to $1,925 from $1,719 for members, and to $2,363 from $2,109 for customers.   Margins for the 12th to 17th months will increase to $1,250 from $1,063 for clearing members, to $1,375 from $1,169 for members, and to $1,688 from $1,434 for customers. Margins for the 18th to 23rd months will increase to $1,250 from $1,125 for clearing members, to $1,375 from $1,238 for members, and to $1,688 from $1,519 for customers. Margins for the 24th to 35th months will increase to $1,000 from $938 for clearing members, to $1,100 from $1,031 for members, to $1,350 from $1,266 for customers. Margins for the 36th to 47th months will increase to $938 from $875 for clearing members, to $1,031 from $963 for members, to $1,266 from $1,181 for customers. Margins for all other months will increase to $813 from $750 for clearing members, to $894 from $825 for members, and to $1,097 from $1,013 for customers.   

The margins for the Henry Hub swing swap futures contracts will increase to $1,563 from $1,500 for clearing members, to $1,719 from $1,650 for members, and to $2,109 from $2,025 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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