Notice to Members
Notice No. 176
06/12/2002
Margin Rates For Natural Gas And Crude Oil e-miNY Contracts
Effective Date: Monday, June 17, 2002 (close of business)
Futures Contracts: Natural Gas (QG) e-miNY Futures, Crude Oil (QM) e-miNY Futures

NYMEX Division Outright Margins on e-miNY Contracts

Clearing Member
New

Member Customer
New

Non-Member
New
Crude Oil:
$800
$880
$1,000
Natural Gas:
$1,000
$1,100
$1,350

Because SPAN™ converts QG contracts into NG contracts and QM into CL contracts for performance bond calculations, QG and QM outright margins, inter-month spreads and inter-commodity spread are equivalent to NG and CL contracts, respectively, in a 5:2 ratio.


NYMEX Division Inter-Month Spread Margins on e-miNY Contracts

Clearing Member
New

Member Customer
New

Non-Member
New
Crude Oil:
$160
$176
$216
Natural Gas:
$200
$220
$270


NYMEX Division Inter-Commodity Spread Margins on e-miNY Contracts

Clearing Member
New

Member Customer
New

Non-Member Customer
New
Crude Oil / Natural Gas:
$1,080
$1,188
$1,458

Should you have any questions or require any further information, please contact exchangeinfo@nymex.com