02/25/2003
| Effective Date: | Wednesday, February 26, 2003 (close of business) |
| Contracts: | Basis Swaps: Alberta Gas Swap (NA), Chicago Swap (NB), Henry Hub Swap (HB), Houston Ship Channel Swap (NH), San Juan Swap (NJ), Socal Swap (NS), Transco Zone 6 Swap (NZ), Northwest Pipeline Rockies Swap (NR), Panhandle Swap (PH), Michcon Swap (NF), Permian Basin Swap (PM), Texas Eastern Zone M-3 Swap (NX), TCO Swap (TC), PGE&E Malin Swap (PB), PGE&E Citygate Swap (PC), NGPL Tex/OK Swap (PD), NGPL LA Swap (NY), ANR Oklahoma (NE), SUMAS Swap (NK), NGPL Mid-Continent (NL), Northern Natural Gas Demarcation Swap (PE), Northern Natural Gas Ventura, Iowa Swap (PF), Dominion Transmission Inc. – Appalachia Swap (PG) |
| Contract Months: | All Months |
NYMEX Division Margin Rates For Natural Gas Basis Swaps
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
| NATURAL GAS BASIS SWAPS | New |
Old |
New |
Old |
New |
Old |
| Alberta Gas Swap (NA) | ||||||
| Tier 1 1st Nearby | $525 |
$510 |
$578 |
$561 |
$709 |
$689 |
| Tier 2: 2nd Nearby | $400 |
$200 |
$440 |
$220 |
$540 |
$270 |
| Tier 3: 3rd – 6th Nearby | $200 |
$200 |
$220 |
$220 |
$270 |
$270 |
| Tier 4: 7th – 12th Nearby | $200 |
$200 |
$220 |
$220 |
$270 |
$270 |
| Tier 5: 13th And Greater | $100 |
$200 |
$110 |
$220 |
$135 |
$270 |
| Chicago Basis Swap (NB) | ||||||
| Tier 1 – 1st Nearby | $170 |
$175 |
$187 |
$193 |
$230 |
$236 |
| Tier 2: 2nd Nearby and Greater | $100 |
$175 |
$110 |
$193 |
$135 |
$236 |
| Henry Hub Basis Swap (HB) | ||||||
| Tier 1 – 1st Nearby | $50 |
$90 |
$55 |
$99 |
$68 |
$122 |
| Tier 2: 2nd Nearby and Greater | $25 |
$90 |
$28 |
$99 |
$34 |
$122 |
| Houston Ship Channel Basis Swap (NH) |
||||||
| Tier 1 - 1st Nearby | $150 |
$150 |
$165 |
$165 |
$203 |
$203 |
| Tier 2: 2nd Nearby and Greater | $100 |
$50 |
$110 |
$55 |
$135 |
$68 |
| San Juan Basis Swap (NJ) | ||||||
| Tier 1 - 1st Nearby | $500 |
$350 |
$550 |
$385 |
$675 |
$473 |
| Tier 2: 2nd Nearby and Greater | $500 |
$350 |
$550 |
$385 |
$675 |
$473 |
| Socal Basis Swap (NS) | ||||||
| Tier 1 - 1st Nearby | $400 |
$450 |
$440 |
$495 |
$540 |
$608 |
| Tier 2: 2nd Nearby and Greater | $300 |
$300 |
$330 |
$330 |
$405 |
$405 |
| Transco Zone 6 Basis Swap (NZ) | ||||||
| Tier 1 - 1st Nearby | $650 |
$650 |
$715 |
$715 |
$878 |
$878 |
| Tier 2: 2nd Nearby | $250 |
$250 |
$275 |
$275 |
$338 |
$338 |
| Tier 3: 3rd - 6th Nearby | $200 |
$250 |
$220 |
$275 |
$270 |
$338 |
| Tier 4: 7th - 12th Nearby | $200 |
$250 |
$220 |
$275 |
$270 |
$338 |
| Tier 5: 13th And Greater | $150 |
$250 |
$165 |
$275 |
$203 |
$338 |
| Northwest Pipeline, Rockies Basis Swap (NR) | $1,800 |
$950 |
$1,980 |
$1,045 |
$2,430 |
$1,283 |
| Tier 1 - 1st Nearby | ||||||
| Tier 2: 2nd Nearby | $1,200 |
$750 |
$1,320 |
$825 |
$1,620 |
$1,013 |
| Tier 3: 3rd - 6th Nearby | $1,000 |
$750 |
$1,100 |
$825 |
$1,350 |
$1,013 |
| Tier 4: 7th - 12th Nearby | $600 |
$750 |
$660 |
$825 |
$810 |
$1,013 |
| Tier 5: 13th And Greater | $400 |
$750 |
$440 |
$825 |
$540 |
$1,013 |
| Panhandle Basis Swap (PH) | ||||||
| Tier 1 - 1st Nearby | $175 |
$150 |
$193 |
$165 |
$236 |
$203 |
| Tier 2: 2nd Nearby and Greater | $100 |
$75 |
$110 |
$83 |
$135 |
$101 |
| MichCon Basis (NF) | ||||||
| Tier 1 - 1st Nearby | $250 |
$50 |
$275 |
$55 |
$338 |
$68 |
| Tier 2: 2nd Nearby and Greater | $100 |
$50 |
$110 |
$55 |
$135 |
$68 |
| Permian Basis (PM) | ||||||
| Tier 1 - 1st Nearby | $350 |
$300 |
$385 |
$330 |
$473 |
$405 |
| Tier 2: 2nd Nearby and Greater | $250 |
$175 |
$275 |
$193 |
$338 |
$236 |
| Texas Eastern Zone M-3 Basis (NX) | ||||||
| Tier 1 - 1st Nearby | $450 |
$350 |
$495 |
$385 |
$608 |
$473 |
| Tier 2: 2nd Nearby and Greater | $250 |
$75 |
$275 |
$83 |
$338 |
$101 |
| TCO Basis (TC) | ||||||
| Tier 1 – 1st Nearby | $150 |
$100 |
$165 |
$110 |
$203 |
$135 |
| Tier 2: 2nd Nearby and Greater | $100 |
$50 |
$110 |
$55 |
$135 |
$68 |
| PGE&E Malin Basis (PB) | ||||||
| Tier 1 - 1st Nearby | $400 |
$600 |
$440 |
$660 |
$540 |
$810 |
| Tier 2: 2nd Nearby and Greater | $275 |
$275 |
$303 |
$303 |
$371 |
$371 |
| PGE&E Citygate Basis (PC) | ||||||
| Tier 1 - 1st Nearby | $375 |
$450 |
$413 |
$495 |
$506 |
$608 |
| Tier 2: 2nd Nearby and Greater | $250 |
$450 |
$275 |
$495 |
$338 |
$608 |
| NGPL Tex / OK Basis (PD) | ||||||
| Tier 1 - 1st Nearby | $125 |
$150 |
$138 |
$165 |
$169 |
$203 |
| Tier 2: 2nd Nearby and Greater | $50 |
$50 |
$55 |
$55 |
$68 |
$68 |
| NGPL LA Basis (NY) | ||||||
| Tier 1 - 1st Nearby | $200 |
$200 |
$220 |
$220 |
$270 |
$270 |
| Tier 2: 2nd Nearby and Greater | $200 |
$200 |
$220 |
$220 |
$270 |
$270 |
| ANR Oklahoma Basis (NE) | ||||||
| Tier 1 - 1st Nearby | $125 |
$100 |
$138 |
$110 |
$169 |
$135 |
| Tier 2: 2nd Nearby and Greater | $100 |
$50 |
$110 |
$55 |
$135 |
$68 |
| SUMAS Basis (NK) | ||||||
| Tier 1 - 1st Nearby | $300 |
$650 |
$330 |
$715 |
$405 |
$878 |
| Tier 2: 2nd Nearby and Greater | $275 |
$275 |
$303 |
$303 |
$371 |
$371 |
| NGPL Mid-Continent Basis (NL) | ||||||
| Tier 1 - 1st Nearby | $200 |
$300 |
$220 |
$330 |
$270 |
$405 |
| Tier 2: 2nd Nearby and Greater | $150 |
$100 |
$165 |
$110 |
$203 |
$135 |
| Northern Natural Gas Demarcation Basis (PE) | ||||||
| Tier 1 - 1st Nearby | $200 |
$125 |
$220 |
$138 |
$270 |
$169 |
| Tier 2: 2nd Nearby and Greater | $100 |
$50 |
$110 |
$55 |
$135 |
$68 |
| Northern Natural Gas Ventura, Iowa Basis (PF) | ||||||
| Tier 1 - 1st Nearby | $175 |
$175 |
$193 |
$193 |
$236 |
$236 |
| Tier 2: 2nd Nearby and Greater | $100 |
$100 |
$110 |
$110 |
$135 |
$135 |
| Dominion Transmission Inc. – Appalachia Basis (PG) | ||||||
| Tier 1 - 1st Nearby | $250 |
$150 |
$275 |
$165 |
$338 |
$203 |
| Tier 2: 2nd Nearby and Greater | $200 |
$100 |
$220 |
$110 |
$270 |
$135 |
This notice supersedes all previous notices regarding margins rates for the Natural Gas Basis swap contracts listed above.