12/12/2002
| Effective Date: | Friday, December 13, 2002 (close of business) |
| Contracts: | San Juan Basis Swap (NJ), Socal Basis Swap (NS), Transco Zone 6 Basis Swap (NZ), Rockies Basis Swap (NR), Texas Eastern Zone M-3 Basis Swap (NX) |
| Contract Months: | All Months |
|
NYMEX Division Margin Rates For Natural Gas
Basis Contracts January 2003, February 2003 and March 2003 Only
|
||||||
|
Clearing Member/
Maintenance Margin |
Member Customer
Initial Margin |
Non-Member Customer
Initial Margin |
||||
| NATURAL GAS BASIS FINANCIAL |
New
|
Old
|
New
|
Old
|
New
|
Old
|
| San Juan Basis Swap (NJ) |
$300
|
$510
|
$330
|
$561
|
$405
|
$689
|
| Socal Basis Swap (NS) |
$200
|
$300
|
$220
|
$330
|
$270
|
$405
|
| Transco Zone 6 Basis Swap (NZ) |
$700
|
$90
|
$770
|
$99
|
$945
|
$122
|
| Northwest Pipeline, Rockies Basis Swap (NR) |
$450
|
$930
|
$495
|
$1,023
|
$608
|
$1,256
|
| Texas Eastern Zone M-3 Basis (NX) |
$250
|
$50
|
$275
|
$55
|
$338
|
$68
|
|
NYMEX Division Margin Rates For Natural Gas
Basis Contracts All Other Months
|
||||||
|
Clearing Member/
Maintenance Margin |
Member Customer
Initial Margin |
Non-Member Customer
Initial Margin |
||||
| NATURAL GAS BASIS FINANCIAL |
New
|
Old
|
New
|
Old
|
New
|
Old
|
| San Juan Basis Swap (NJ) |
$200
|
$510
|
$220
|
$561
|
$270
|
$689
|
| Socal Basis Swap (NS) |
$125
|
$300
|
$138
|
$330
|
$169
|
$405
|
| Transco Zone 6 Basis Swap (NZ) |
$90
|
$90
|
$99
|
$99
|
$122
|
$122
|
| Northwest Pipeline, Rockies Basis Swap (NR) |
$400
|
$930
|
$440
|
$1,023
|
$540
|
$1,256
|
| Texas Eastern Zone M-3 Basis (NX) |
$50
|
$50
|
$55
|
$55
|
$68
|
$68
|
|
NYMEX Division Inter-Commodity Spread Credits
Natural Gas Basis Contracts
|
|||
|
Spread
|
Priority
|
Ratio
|
Percent Credit
|
|
NJ:NS
|
167
|
1:01
|
60
|
|
NJ:NR
|
168
|
1:01
|
50
|
|
NS:NR
|
169
|
1:01
|
50
|
This notice supersedes all previous notices regarding margins rates for the Natural Gas Basis Contracts listed above.