02/02/2004
| Effective Date: | Tuesday, February 3, 2004 (close of business) |
| Futures Contracts: | PJM Monthly Financially Settled Electricity Futures Contracts (JM) |
| Contract Months: | All Months |
NYMEX Division Outright Margins For PJM Monthly Financially Settled Electricity Futures Contracts
Clearing Member / Maintenance Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1 (1st Nearby Month): | $3,000 |
$5,000 |
$3,300 |
$5,500 |
$4,050 |
$6,750 |
| Tier 2 (2nd–3rd Nearby Month): | $2,000 |
$5,000 |
$2,200 |
$5,500 |
$2,700 |
$6,750 |
| Tier 3 (4th Nearby Month): | $1,500 |
$3,000 |
$1,650 |
$3,300 |
$2,025 |
$4,050 |
| Tier 4 (5th-7th Nearby Month): | $1,500 |
$2,500 |
$1,650 |
$2,750 |
$2,025 |
$3,375 |
| Tier 5 (8th-9th Nearby Month): | $1,500 |
$2,000 |
$1,650 |
$2,200 |
$2,025 |
$2,700 |
| Tier 6 (10th Nearby Month): | $1,000 |
$2,000 |
$1,100 |
$2,200 |
$1,350 |
$2,700 |
| Tier 7 (11th-13th Nearby Month): | $1,000 |
$2,000 |
$1,100 |
$2,200 |
$1,350 |
$2,700 |
| Tier 8 (Greater than 13th Nearby Month): | $1,000 |
$1,500 |
$1,100 |
$1,650 |
$1,350 |
$2,025 |
This notice supercedes all previous notices regarding outright margin rates for the PJM Monthly Financially Settled Electricity Futures Contracts.