09/26/2003
| Effective Date: | Friday, September 26, 2003 (close of business) |
| Futures Contracts: | PJM Monthly Financially Settled Electricity Futures Contracts (JM) |
| Contract Months: | All Months |
NYMEX Division Outright Margins For PJM Monthly Financially Settled Electricity Futures Contracts
| Clearing Member / Maintenance Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
|
New
|
Old
|
New
|
Old
|
New
|
Old
|
|
| Tier 1 (1st Nearby Month): |
$2,000
|
$3,500
|
$2,200
|
$3,850
|
$2,700
|
$4,725
|
| Tier 2 (2nd–3rd Nearby Month): |
$2,000
|
$4,000
|
$2,200
|
$4,400
|
$2,700
|
$5,400
|
| Tier 3 (4th Nearby Month): |
$2,000
|
$2,500
|
$2,200
|
$2,750
|
$2,700
|
$3,375
|
| Tier 4 (5th-7th Nearby Month): |
$2,000
|
$2,000
|
$2,200
|
$2,200
|
$2,700
|
$2,700
|
| Tier 5 (8th-9th Nearby Month): |
$2,000
|
$2,500
|
$2,200
|
$2,750
|
$2,700
|
$3,375
|
| Tier 6 (10th Nearby Month): |
$2,000
|
$2,000
|
$2,200
|
$2,200
|
$2,700
|
$2,700
|
| Tier 7 (11th-13th Nearby Month): |
$2,000
|
$2,000
|
$2,200
|
$2,200
|
$2,700
|
$2,700
|
| Tier 8 (Greater than 13th Nearby Month): |
$2,000
|
$2,500
|
$2,200
|
$2,750
|
$2,700
|
$3,375
|
This notice supercedes all previous notices regarding outright margin rates for the PJM Monthly Financially Settled Electricity Futures Contracts.