Notice to Members
Notice No. 194
05/13/2005
Margin Rates for the New NYMEX Freight Swap Contracts
EFFECTIVE DATE:             Monday, May 16, 2005 (close of business)

FUTURES CONTRACTS:   Freight Route TC1 Swap (TG), Freight Route TC4 Swap (TJ), Freight Route TC5 Swap (TH)

CONTRACT MONTHS:     All Months

NYMEX Division Outright (Scan) Margin Rates For The New Freight Swap Contracts
 
All Contracts
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
Freight Route TC1 Swap (TG)
$1,500
N/A
$1,650
N/A
$2,025
N/A
Freight Route TC4 Swap (TJ)
$1,000
N/A
$1,100
N/A
$1,350
N/A
Freight Route TC5 Swap (TH)
$1,750
N/A
$1,925
N/A
$2,363
N/A


NYMEX Division Intra-Commodity Spread Margin Rates For The New Freight Swap Contracts
 
All Contracts
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
Freight Route TC1 Swap (TG)
$200
N/A
$220
N/A
$270
N/A
Freight Route TC4 Swap (TJ)
$150
N/A
$165
N/A
$203
N/A
Freight Route TC5 Swap (TH)
$200
N/A
$220
N/A
$270
N/A
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com