Notice to Members
Notice No. 402
10/29/2004
New Margin Rates and Intra-Commodity Spread Rates for CSX Coal Swap (QX) and PRB Coal Swap (QP) Contracts
Effective Date: Friday, October 29, 2004 (close of business)
   
Futures Contracts: CSX Coal Swap (QX), PRB Coal Swap (QP)
   
Contract Months: All Contracts


QX Intra-Commodity Spread Tiers
Tiers
New
Old
1
1st Nearby
N/A
2
2nd - 6th Nearby
N/A
3
7th - 12th Nearby
N/A
4
Greater than 12th Nearby
N/A


NYMEX Division Outright (Scan) Margins on CSX Coal Swap (QX) and PRB Coal Swap (QP) Contracts
Contracts
Clearing Member /
Maintenance Margin
Member Customer
Initial Margin
Non-Member
Initial Margin
New
New
New
QX
$3,000
$3,300
$4,050
QP
$300
$330
$405


NYMEX Division Intra-Commodity Spread Margins on PRB Coal Swap Contract (QP)
Tiers
Clearing Member /
Maintenance Margin
Member Customer
Initial Margin
Non-Member
Initial Margin
New
New
New
All Months
$100
$110
$135



NYMEX Division Intra-Commodity Spread Margins on CSX Coal Swap Contract (QX)
Tiers
Clearing Member /
Maintenance Margin
Member Customer
Initial Margin
Non-Member
Initial Margin
 
New
New
New
1 (1st Nearby)
$250
$275
$338
2 (2th – 6th Nearby)
$150
$165
$203
3 (7th – 12th Nearby)
$100
$110
$135
4 (Greater than 12th Nearby)
$50
$55
$68
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com