NEW YORK, N.Y., November 2, 2007 -- The New York Mercantile Exchange, Inc. announced today that it will change margins for the heating oil, New York Harbor heating oil calendar swap, heating oil financial, and NYMEX miNYTM heating oil futures contracts, effective at the close of business on November 5.
Margins for the first month of the heating oil, New York Harbor heating oil calendar swap, and heating oil financial futures contracts will increase to $5,250 from $4,500 for clearing members to $5,775 from $4,950 for members, and to $7,088 from $6,075 for customers. The margins for the second to eighth months will increase to $4,750 from $4,250 for clearing members, to $5,225 from $4,675 for members, and to $6,413 from $5,738 for customers. Margins for all other months will remain the same.
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Contact: Steffanie Marchese 212-299-2455 or Keil Decker 212-299-2209
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