Notice to Members
Notice No. 06
01/05/2005
Tier and Margin Rate Changes for Swing Swap Futures Contracts
Effective Date: Thursday, January 6, 2005 (close of business)

Futures Contracts:
Henry Hub Swing Swap (SN), Chicago City Gate Swing Swap (SS), El Paso/Permian Swing Swap (SL), Houston Ship Channel Swing Swap (SM), Waha Swing Swap (SY), Panhandle Swing Swap (SV)
Contract Months: All

Note: Revisions are in bold.

Scan and Intra-Commodity Spread Tiers for Henry Hub Swing Swap (SN), Chicago City Gate Swing Swap (SS), El Paso/Permian Swing Swap (SL), Houston Ship Channel Swing Swap (SM), Waha Swing Swap (SY), Panhandle Swing Swap (SV)
Tiers
New
Old
1
All Contracts
1st - 2nd Nearby
2
N/A
Greater than the 2nd Nearby


NYMEX Division Outright (Scan) Margins on Henry Hub Swing Swap (SN)
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$1,875
$900
$2,063
$990
$2,531
$1,215
2
$1,875
$500
$2,063
$550
$2,531
$675


NYMEX Division Outright (Scan) Margins on Chicago City Gate Swing Swap (SS), El Paso/Permian Swing Swap (SL), Waha Swing Swap (SY), Panhandle Swing Swap (SV)
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$1,875
$1,000
$2,063
$1,100
$2,531
$1,350
2
$1,875
$500
$2,063
$550
$2,531
$675


NYMEX Division Outright (Scan) Margins on Houston Ship Channel Swing Swap (SM)
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$1,875
$800
$2,063
$880
$2,531
$1,080
2
$1,875
$400
$2,063
$440
$2,531
$540


NYMEX Division Intra spread Margin on Henry Hub Swing Swap (SN), Chicago City Gate Swing Swap (SS), El Paso/Permian Swap (SL), Houston Ship Channel Swing Swap (SM), Waha Swing Swap (SY), Panhandle Swing Swap (SV)
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$50
$100
$55
$110
$68
$135
2
N/A
$50
N/A
$55
N/A
$68
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com