10/14/2004
| Effective Date: | Friday, October 15, 2004 (close of business) |
| Futures Contracts: | Light, Sweet Crude Oil (CL) Futures Contract |
| Light, Sweet Crude Oil Calendar Swap (CS) | |
| Light, Sweet Crude Oil e-miNY (QM) Futures Contract | |
| Contract Months: | Contract Month Realignment for Tier 2 and 3 CL Spread Tiers:, and Revised Outright Margin for December 2004, January 2005, February 2005 and March 2005 Only |
Light, Sweet Crude Oil Intra-Commodity Spread Tiers
Tiers |
New |
Old |
1 |
1st Nearby |
1st Nearby |
2 |
2nd - 5th Nearby |
2nd - 6th Nearby |
3 |
6th - 12th Nearby |
7th - 12th Nearby |
4 |
Greater than 12th Nearby |
Greater than 12th Nearby |
NYMEX Division Outright (Scan) Margins on CL, CS, and QM
Contract |
Clearing Member / Maintenance Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
CL |
$3,000 |
$2,500 |
$3,300 |
$2,750 |
$4,050 |
$3,375 |
CS |
$3,000 |
$2,500 |
$3,300 |
$2,750 |
$4,050 |
$3,375 |
QM |
$1,500 |
$1,250 |
$1,650 |
$1,375 |
$2,025 |
$1,688 |
This notice supersedes all previous notices regarding spread tiers for Light, Sweet Crude Oil Futures contract and outright margins for Light, Sweet Crude Oil, Light, Sweet Crude Oil Calendar Swap, and Light, Sweet Crude Oil e-miNY Futures Contracts.