News Release

NYMEX to Change Margins for Some Carbon, Nitrogen Oxide, and Sulfur Dioxide Based Emission Allowance Futures Contracts

Thu Jul 03 2008

NEW YORK, N.Y., July 3, 2008 -- The New York Mercantile Exchange, Inc. today announced margin changes for some of its carbon and nitrogen oxide based emission allowance futures contracts, beginning at the close of business on July 7.

Margins for the current vintage of the seasonal nitrogen oxide emission allowance futures contract will decrease to $1,500 from $2,000 for clearing members, to $1,650 from $2,200 for members, and to $2,025 from $2,700 for customers.

Margins for the 2012 vintage of the annual nitrogen oxide emission allowance futures contract will decrease to $3,000 from $3,500 for clearing members, to $3,300 from $3,850 for members, and to $4,050 from $4,725 for customers.

Margins for the 2011 vintage of the annual nitrogen oxide emission allowance futures contract will decrease to $3,500 from $4,000 for clearing members, to $3,850 from $4,400 for members, and to $4,725 from $5,400 for customers.

Margins for the 2010 vintage of the annual nitrogen oxide emission allowance futures contract will decrease to $4,500 from $5,000 for clearing members, to $4,950 from $5,500 for members, and to $6,075 from $6,750 for customers.

Margins for the 2009 vintage of the annual nitrogen oxide emission allowance futures contract will increase to $6,000 from $3,500 for clearing members, to $6,600 from $3,850 for members, and to $8,100 from $4,725 for customers.

Margins for the 2012 and 2009 vintages of the seasonal nitrogen oxide emission allowance futures contract will decrease to $1,200 from $1,300 for clearing members, to $1,320 from $1,430 for members, and to $1,620 from $1,755 for customers.

Margins for the 2011 vintage of the seasonal nitrogen oxide emission allowance futures contract will decrease to $750 from $1,000 for clearing members, to $825 from $1,100 for members, and to $1,013 from $1,350 for customers.

Margins for the 2010 vintage of the seasonal nitrogen oxide emission allowance futures contract will decrease to $750 from $900 for clearing members, to $825 from $990 for members, and to $1,013 from $1,215 for customers.

Margins for the sulfur dioxide emission allowance futures contract will increase to $7,000 from $5,000 for clearing members, to $7,700 from $5,500 for members, and to $9,450 from $6,750 for customers.

Margins for the European Union Allowance (EUA) futures contract will increase to €1,200 from €750 for clearing members, to €1,320 from €825 for members, and to €1,620 from €1,013 for customers.

Margins for the Certified Emission Reduction (CER) futures contract will increase to €4,000 from €2,000 for clearing members, to €4,400 from €2,200 for members, and to €5,400 from €2,700 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 Brenda Guzman, 212-299-2436

 

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