Notice to Members
Notice No. 361
10/01/2004
New Margin Rates, Intra-Commodity Spread Rates, and Inter-Commodity Spread Credit Ratios for the European and Gulf Coast Products
Effective Date: Monday, October 4, 2004 (close of business)

Futures Contracts:
Gulf Coast Gasoline Calendar Swap (GS), Gulf Coast Heating Oil Calendar Swap (GP), Gulf Coast Jet Fuel Calendar Swap (GE), European Naphtha Calendar Swap (UN), European Jet Kero NWE (Northwest Europe) Calendar Swap (UJ), European Jet Kero Rotterdam Calendar Swap (UR), European Gasoil 0.2 Rotterdam Calendar Swap (UG), European Gasoil 0.2 NWE (Northwest Europe) Calendar Swap (UE), European Gasoil 0.2 MED (Mediterranean) Calendar Swap (UQ), European ULSD Diesel Rotterdam Calendar Swap (UP), European ULSD Diesel NWE (Northwest Europe) Calendar Swap (UL), European 1% Fuel Oil (Northwest Europe) Calendar Swap (UF), European 1% Fuel Oil Rotterdam Calendar Swap (UH), European 3.5% Fuel Oil Rotterdam Calendar Swap (UV), European 3.5% Fuel Oil MED (Mediterranean) Calendar Swap (UI), European Singapore Fuel Oil 180cst Calendar Swap (UA)
Contract Months: All Contracts

NYMEX Division Outright (Scan) Margins on European and Gulf Coast Products
Contracts
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Initial Margin
New
New
New
GS
3,500
3,850
4,725
GP
3,250
3,575
4,388
GE
3,250
3,575
4,388
UA
17,000
18,700
22,950
UE
21,000
23,100
28,350
UF
17,000
18,700
22,950
UG
21,000
23,100
28,350
UH
17,000
18,700
22,950
UI
17,000
18,700
22,950
UJ
22,000
24,200
29,700
UL
21,000
23,100
28,350
UN
23,000
25,300
31,050
UP
21,000
23,100
28,350
UQ
21,000
23,100
28,350
UR
22,000
24,200
29,700
UV
17,000
18,700
22,950

 

NYMEX Division Intra-Commodity Spread Margins on European and Gulf Coast Products
Contracts
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Initial Margin
New
New
New
GS
500
550
675
GP
400
440
540
GE
400
440
540
UA
2,400
2,640
3,240
UE
3,400
3,740
4,590
UF
2,400
2,640
3,240
UG
3,400
3,740
4,590
UH
2,400
2,640
3,240
UI
2,400
2,640
3,240
UJ
3,400
3,740
4,590
UL
3,400
3,740
4,590
UN
3,800
4,180
5,130
UP
3,400
3,740
4,590
UQ
3,400
3,740
4,590
UR
3,400
3,740
4,590
UV
2,400
2,640
3,240

 

NYMEX Division Intra-Commodity Spread Credits on European and Gulf Coast Products

Spread
Priority
Ratio
% Credit
UG:UE
36
1:01
95
UJ:UE
37
1:01
95
UL:UE
38
1:01
95
UP:UE
39
1:01
95
UQ:UE
40
1:01
95
UR:UE
41
1:01
95
UJ:UG
42
1:01
95
UL:UG
43
1:01
95
UP:UG
44
1:01
95
UQ:UG
45
1:01
95
UR:UG
46
1:01
95
UL:UJ
47
1:01
95
UP:UJ
48
1:01
95
UQ:UJ
49
1:01
95
UR:UJ
50
1:01
95
UP:UL
51
1:01
95
UQ:UL
52
1:01
95
UR:UL
53
1:01
95
UQ:UP
54
1:01
95
UR:UP
55
1:01
95
UR:UQ
56
1:01
95
UE:HO
57
2:15
95
UG:HO
58
2:15
95
UJ:HO
59
2:15
95
UL:HO
60
2:15
95
UP:HO
61
2:15
95
UQ:HO
62
2:15
95
UR:HO
63
2:15
95
UE:MP
64
2:15
95
UG:MP
65
2:15
95
UJ:MP
66
2:15
95
UL:MP
67
2:15
95
UP:MP
68
2:15
95
UQ:MP
69
2:15
95
UR:MP
70
2:15
95
UN:HU
71
5:41
95
UN:MS
72
5:41
95
UF:UA
73
1:01
95
UH:UA
74
1:01
95
UI:UA
75
1:01
95
UV:UA
76
1:01
95
UH:UF
77
1:01
95
UI:UF
78
1:01
95
UV:UF
79
1:01
95
UI:UH
80
1:01
95
UV:UH
81
1:01
95
UV:UI
82
1:01
95
GS:MS
83
1:01
95
GP:MP
84
1:01
95
GE:MP
85
1:01
95
GP:HO
86
1:01
95
GE:HO
87
1:01
95
GS:HU
88
1:01
95
UA:CL
148
5:33
80
UF:CL
149
5:33
80
UH:CL
150
5:33
80
UI:CL
151
5:33
80
UV:CL
152
5:33
80
UA:CS
153
5:33
80
UF:CS
154
5:33
80
UH:CS
155
5:33
80
UI:CS
156
5:33
80
UV:CS
157
5:33
80
UE:CS
204
2:15
65
UG:CS
205
2:15
65
UJ:CS
206
2:15
65
UL:CS
207
2:15
65
UP:CS
208
2:15
65
UQ:CS
209
2:15
65
UR:CS
210
2:15
65
UN:CL
211
5:41
65
UN:CS
212
5:41
65
GS:CS
213
1:01
65
GP:CS
214
1:01
65
GE:CS
215
1:01
65
GS:CL
216
1:01
65
GP:CL
217
1:01
65
GE:CL
218
1:01
65
UE:CL
324
2:15
60
UG:CL
325
2:15
60
UJ:CL
326
2:15
60
UL:CL
327
2:15
60
UP:CL
328
2:15
60
UQ:CL
329
2:15
60
UR:CL
330
2:15
60
GP:GS
331
1:01
60
GE:GS
332
1:01
60
GE:GP
333
1:01
60
GP:MS
334
1:01
60
GE:MS
335
1:01
60
GS:MP
336
1:01
60
GS:HO
337
1:01
60
GP:HU
338
1:01
60
GE:HU
339
1:01
60

Should you have any questions regarding these changes, please contact Arthur McCoy at (212) 299-2928 or William Doherty at (212) 299-2925.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com