08/19/2003
| Effective Date: | Wednesday, August 20, 2003 (close of business) |
| Contracts: | Natural Gas Basis Swap Futures: 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), PG&E Malin Swap (PB), PG&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), CIG Rockies Swap (CI), Waha Swap (NW), Tetco Eastern South (TX), Columbia Gulf Onshore Basis (GL), Tectco ELA Basis (TE), Transco Zone 3 Basis (CZ) |
| Contract Months: | All Months |
NYMEX Division Margin Rates for Natural Gas Basis Swap Futures Contracts
Clearing Member / Maintenance Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
Spot Month Assessment |
|||||
| New | Old | New | Old | New | Old | New | Old | |
| Alberta Gas Swap (NA) | ||||||||
| Tier 1: 1st Nearby | $300 | $600 | $330 | $660 | $405 | $810 | $500 | $750 |
| Tier 2: 2nd Nearby | $175 | $350 | $193 | $385 | $236 | $473 | ||
| Tier 3: 3rd - 6th Nearby | $125 | $250 | $138 | $275 | $169 | $338 | ||
| Tier 4: 7th - 12th Nearby | $125 | $250 | $138 | $275 | $169 | $338 | ||
| Tier 5: 13th And Greater | $50 | $100 | $55 | $110 | $68 | $135 | ||
| Chicago Swap (NB) | ||||||||
| Tier 1: 1st Nearby | $50 | $150 | $55 | $165 | $68 | $203 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $50 | $100 | $55 | $110 | $68 | $135 | ||
| Henry Hub Swap (HB) | ||||||||
| Tier 1: 1st Nearby | $25 | $50 | $28 | $55 | $34 | $68 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $25 | $25 | $28 | $28 | $34 | $34 | ||
| Houston Ship Channel Swap (NH) | ||||||||
| Tier 1: 1st Nearby | $75 | $200 | $83 | $220 | $101 | $270 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $75 | $150 | $83 | $165 | $101 | $203 | ||
| San Juan Swap (NJ) | ||||||||
| Tier 1: 1st Nearby | $350 | $700 | $385 | $770 | $473 | $945 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $300 | $600 | $330 | $660 | $405 | $810 | ||
| Socal Swap (NS) | ||||||||
| Tier 1: 1st Nearby | $375 | $650 | $413 | $715 | $506 | $878 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $300 | $500 | $330 | $550 | $405 | $675 | ||
| Transco Zone 6 Swap (NZ) | ||||||||
| Tier 1: 1st Nearby | $150 | $650 | $165 | $715 | $203 | $878 | $500 | $750 |
| Tier 2: 2nd Nearby | $75 | $250 | $83 | $275 | $101 | $338 | ||
| Tier 3: 3rd - 6th Nearby | $75 | $250 | $83 | $275 | $101 | $338 | ||
| Tier 4: 7th - 12th Nearby | $50 | $200 | $55 | $220 | $68 | $270 | ||
| Tier 5: 13th And Greater | $25 | $100 | $28 | $110 | $34 | $135 | ||
| Northwest Pipeline, Rockies Swap (NR) | ||||||||
| Tier 1: 1st Nearby | $325 | $1,800 | $358 | $1,980 | $439 | $2,430 | $500 | $750 |
| Tier 2: 2nd Nearby | $225 | $1,200 | $248 | $1,320 | $304 | $1,620 | ||
| Tier 3: 3rd - 6th Nearby | $200 | $1,000 | $220 | $1,100 | $270 | $1,350 | ||
| Tier 4: 7th - 12th Nearby | $125 | $600 | $138 | $660 | $169 | $810 | ||
| Tier 5: 13th And Greater | $75 | $400 | $83 | $440 | $101 | $540 | ||
| Panhandle Swap (PH) | ||||||||
| Tier 1: 1st Nearby | $100 | $300 | $110 | $330 | $135 | $405 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $75 | $175 | $83 | $193 | $101 | $236 | ||
| MichCon Swap (NF) | ||||||||
| Tier 1: 1st Nearby | $75 | $200 | $83 | $220 | $101 | $270 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $75 | $150 | $83 | $165 | $101 | $203 | ||
| Permian Swap (PM) | ||||||||
| Tier 1: 1st Nearby | $200 | $600 | $220 | $660 | $270 | $810 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $100 | $250 | $110 | $275 | $135 | $338 | ||
| Texas Eastern Zone M-3 Swap (NX) | ||||||||
| Tier 1: 1st Nearby | $100 | $550 | $110 | $605 | $135 | $743 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $100 | $475 | $110 | $523 | $135 | $641 | ||
| TCO Swap (TC) | ||||||||
| Tier 1: 1st Nearby | $75 | $150 | $83 | $165 | $101 | $203 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $50 | $100 | $55 | $110 | $68 | $135 | ||
| PG&E Malin Swap (PB) | ||||||||
| Tier 1: 1st Nearby | $250 | $750 | $275 | $825 | $338 | $1,013 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $175 | $500 | $193 | $550 | $236 | $675 | ||
| PG&E Citygate Swap (PC) | ||||||||
| Tier 1: 1st Nearby | $275 | $500 | $303 | $550 | $371 | $675 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $275 | $500 | $303 | $550 | $371 | $675 | ||
| NGPL Tex / OK Swap (PD) | ||||||||
| Tier 1: 1st Nearby | $75 | $150 | $83 | $165 | $101 | $203 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $50 | $100 | $55 | $110 | $68 | $135 | ||
| NGPL LA Swap (NY) | ||||||||
| Tier 1: 1st Nearby | $25 | $200 | $28 | $220 | $34 | $270 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $25 | $200 | $28 | $220 | $34 | $270 | ||
| ANR Oklahoma Swap (NE) | ||||||||
| Tier 1: 1st Nearby | $100 | $125 | $110 | $138 | $135 | $169 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $100 | $100 | $110 | $110 | $135 | $135 | ||
| SUMAS Swap (NK) | ||||||||
| Tier 1: 1st Nearby | $325 | $300 | $358 | $330 | $439 | $405 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $300 | $275 | $330 | $303 | $405 | $371 | ||
| NGPL Mid-Continent Swap (NL) | ||||||||
| Tier 1: 1st Nearby | $75 | $350 | $83 | $385 | $101 | $473 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $50 | $150 | $55 | $165 | $68 | $203 | ||
| Northern Natural Gas Demarcation Swap (PE) | ||||||||
| Tier 1: 1st Nearby | $100 | $200 | $110 | $220 | $135 | $270 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $50 | $100 | $55 | $110 | $68 | $135 | ||
| Northern Natural Gas Ventura, Iowa Swap (PF) | ||||||||
| Tier 1: 1st Nearby | $50 | $100 | $55 | $110 | $68 | $135 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $50 | $100 | $55 | $110 | $68 | $135 | ||
| Dominion Transmission Inc. – Appalachia Swap (PG) | ||||||||
| Tier 1: 1st Nearby | $100 | $250 | $110 | $275 | $135 | $338 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $100 | $200 | $110 | $220 | $135 | $270 | ||
| CIG Rockies Swap (CI) | ||||||||
| Tier 1: 1st Nearby | $475 | $1,800 | $523 | $1,980 | $641 | $2,430 | $500 | $750 |
| Tier 2: 2nd Nearby | $325 | $1,200 | $358 | $1,320 | $439 | $1,620 | ||
| Tier 3: 3rd - 6th Nearby | $275 | $1,000 | $303 | $1,100 | $371 | $1,350 | ||
| Tier 4: 7th - 12th Nearby | $175 | $600 | $193 | $660 | $236 | $810 | ||
| Tier 5: 13th And Greater | $125 | $400 | $138 | $440 | $169 | $540 | ||
| Waha Swap (NW) | ||||||||
| Tier 1: 1st Nearby | $100 | $650 | $110 | $715 | $135 | $878 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $75 | $450 | $83 | $495 | $101 | $608 | ||
| Tetco Eastern South/STX (TX) | ||||||||
| Tier 1: 1st Nearby | $50 | $200 | $55 | $220 | $68 | $270 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $50 | $200 | $55 | $220 | $68 | $270 | ||
| Columbia Gulf Onshore Basis (GL) | ||||||||
| Tier 1: 1st Nearby | $50 | $200 | $55 | $220 | $68 | $270 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $50 | $200 | $55 | $220 | $68 | $270 | ||
| Tectco ELA Basis (TE) | ||||||||
| Tier 1: 1st Nearby | $50 | $200 | $55 | $220 | $68 | $270 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $50 | $200 | $55 | $220 | $68 | $270 | ||
| Transco Zone 3 Basis (CZ) | ||||||||
| Tier 1: 1st Nearby | $50 | $200 | $55 | $220 | $68 | $270 | $500 | $750 |
| Tier 2: 2nd Nearby and Greater | $50 | $200 | $55 | $220 | $68 | $270 | ||
This notice supersedes all previous notices regarding margins rates for the Natural Gas Basis swap contracts listed above.