Notice to Members
Notice No. 101
03/23/2001
Margin Rate Change for Crude Oil, Heating Oil, and Unleaded Gasoline Futures Contracts.
Effective Date: Friday, March 23, 2001 (close of business)
Futures Contracts: Crude Oil Futures; Unleaded Gasoline Futures; Heating Oil Futures
Contract Months: All Months
Rate Change:


NYMEX Division Margins on Crude Oil, Unleaded Gasoline, and Heating Oil Futures Contracts


NYMEX Light Sweet Crude:
   
Clearing Member (Maintenance Margin) Old: $3,000 New: $2,500
Member Customer (Initial Margin) Old: $3,300 New: $2,750
Non-Member Customer (Initial Margin) Old: $4,050 New: $3,375


The margin credit for NYMEX Light Sweet Crude/IPE Brent Crude Oil futures spread positions will also be decreased, from $2,500 to $2,000 (at the Clearing Member level), as of Thursday, March 21, 2001. The net margin after the spread will remain unchanged.

NYMEX Light Sweet Crude/IPE Brent Crude Oil Futures Spread

 
Clearing Member (Maintenance Margin): $2,500
Member Customer (Initial Margin): $2,750
Non-Member Customer (Initial Margin): $3,375


Less: NYMEX Light Sweet/IPE Brent Crude Spread Credit:
 
Clearing Member (Maintenance Margin): $2,000
Member Customer (Initial Margin): $2,200
Non-Member Customer (Initial Margin): $2,700


Net Spread Margin:
 
Clearing Member (Maintenance Margin): $500
Member Customer (Initial Margin): $550
Non-Member Customer (Initial Margin): $675


This notice supersedes all previous notices regarding outright margins for the NYMEX Crude Oil, Unleaded Gasoline, or Heating Oil Futures Contracts and the margin credit for the NYMEX Light Sweet Crude Oil/IPE Brent Crude Oil futures spread positions.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com