Notice to Members
Notice No. 361
08/29/2005
Margin Rates Change for Existing NYMEX Division Natural Gas Basis and Index Swap Contracts
EFFECTIVE DATE: Tuesday, August 30, 2005 (close of business)

FUTURES CONTRACTS:
Basis Swaps: Alberta Gas Basis Swap (NA), Chicago Basis Swap (NB), Henry Hub Basis Swap (HB), Houston Ship Channel Basis Swap (NH), San Juan Basis Swap (NJ), Socal Basis Swap (NS), Transco Zone 6 Basis Swap (NZ), Northwest Pipeline Rockies Basis Swap (NR), Panhandle Basis Swap (PH), Michcon Basis Swap (NF), Permian Basin Basis Swap (PM), Texas Eastern Zone M-3 Basis Swap (NX), TCO Basis Swap (TC), PGE&E Malin Basis Swap (PB), PGE&E Citygate Basis Swap (PC), NGPL Tex/OK Basis Swap (PD), NGPL LA Basis Swap (NY), ANR Oklahoma (NE), SUMAS Basis Swap (NK), NGPL Mid-Continent (NL), Northern Natural Gas Demarcation Basis Swap (PE), Northern Natural Gas Ventura, Iowa Basis Swap (PF), Dominion Transmission Inc. — Appalachia Basis Swap (PG), CIG Rockies Basis Swap (CI), Waha Basis Swap (NW), Tetco Eastern South Basis Swap (TX), Columbia Gulf Onshore Basis Swap (GL), Tectco ELA Basis Swap (TE), Transco Zone 3 Basis Swap (CZ), ANR LA Basis Swap (ND), Tennessee Zone 0 Basis Swap (NQ), Tennessee 500 Leg Basis Swap (NM), Trunkline, LA Basis Swap (NU), Kern River Wyoming Basis Swap (NV), Questar Basis Swap (TA), Texas Gas, SL Basis Swap (TB)

Index Swaps: Henry Hub Index Swap (IN), Chicago City Gate Index Swap (IS), El Paso/Permian Index Swap (IL), Houston Ship Channel Index Swap (IP), Panhandle Index Swap (IV), Waha Index Swap (IY), Dominion Index Swap (IH), PG&E City Gate Index Swap (IK), Northwest Rockies Index Swap (IR), SoCal Index Swap (IF), San Juan Index Swap (IJ), Sumas Index Swap (IU), TETCO M-3 Index Swap (IX), Transco Zone 6 Index Swap (IT)
CONTRACT MONTHS: All Months

Note: The revised margin rates are in bold


NYMEX Division Outright (Scan) Margin Rates For Existing Natural Gas Index Swaps
 
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
Natural Gas Index Financial
New
Old
New
Old
New
Old
             
Henry Hub Index Swap (IN)            
    Tier 1: 1st Nearby Month
$1,475
$1,175
$1,623
$1,293
$1,991
$1,586
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
Chicago City Gate Index Swap (IS)            
    Tier 1: 1st Nearby Month
$3,450
$2,750
$3,795
$3,025
$4,658
$3,713
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
El Paso/Permian Index Swap (IL)            
    Tier 1: 1st Nearby Month
$1,575
$1,250
$1,733
$1,375
$2,126
$1,688
    Tier 2: Greater than 1st Nearby
$200
$150
$220
$165
$270
$203
Houston Ship Channel Index Swap (IP)            
    Tier 1: 1st Nearby Month
$950
$750
$1,045
$825
$1,283
$1,013
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
Panhandle Index Swap (IV)            
    Tier 1: 1st Nearby Month
$1,250
$1,000
$1,375
$1,100
$1,688
$1,350
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
Waha Index Swap (IY)            
    Tier 1: 1st Nearby Month
$1,250
$1,000
$1,375
$1,100
$1,688
$1,350
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
Dominion Index Swap (IH)            
    Tier 1: 1st Nearby Month
$1,475
$1,175
$1,623
$1,293
$1,991
$1,586
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
PG&E City Gate Index Swap (IK)            
    Tier 1: 1st Nearby Month
$1,250
$1,000
$1,375
$1,100
$1,688
$1,350
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
Rockies Index Swap (IR)            
    Tier 1: 1st Nearby Month
$1,250
$1,000
$1,375
$1,100
$1,688
$1,350
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
SoCal Index Swap (IF)            
    Tier 1: 1st Nearby Month
$1,250
$1,000
$1,375
$1,100
$1,688
$1,350
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
San Juan Index Swap (IJ)            
    Tier 1: 1st Nearby Month
$1,250
$1,000
$1,375
$1,100
$1,688
$1,350
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
Sumas Index Swap (IU)            
    Tier 1: 1st Nearby Month
$1,250
$1,000
$1,375
$1,100
$1,688
$1,350
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
TETCO M-3 Index Swap (IX)            
    Tier 1: 1st Nearby Month
$1,475
$1,175
$1,623
$1,293
$1,991
$1,586
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135
Transco Zone 6 Index Swap (IT)            
    Tier 1: 1st Nearby Month
$1,475
$1,175
$1,623
$1,293
$1,991
$1,586
    Tier 2: Greater than 1st Nearby
$125
$100
$138
$110
$169
$135


NYMEX Division Margin Rates For Existing Natural Gas Basis Swaps
 
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
Spot Assessment
 Natural Gas Basis Financial
New
Old
New
Old
New
Old
New
Old
Alberta Gas Swap (NA)                
    Tier 1: 1st Nearby
$375
$300
$413
$330
$506
$405
$1,000
$1,000
    Tier 2: 2nd Nearby
$225
$175
$248
$193
$304
$236
   
    Tier 3: 3rd - 6th Nearby
$125
$100
$138
$110
$169
$135
   
    Tier 4: 7th - 12th Nearby
$125
$100
$138
$110
$169
$135
   
    Tier 5: 13th and Greater
$100
$80
$110
$88
$135
$108
   
Chicago Swap (NB)                
    Tier 1: 1st Nearby
$250
$200
$275
$220
$338
$270
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$125
$100
$138
$110
$169
$135
   
Henry Hub Swap (HB)                
    Tier 1: 1st Nearby
$50
$25
$55
$28
$68
$34
$0
$0
    Tier 2: 2nd Nearby and Greater
$50
$25
$55
$28
$68
$34
   
Houston Ship Channel Swap (NH)                
    Tier 1: 1st Nearby
$250
$200
$275
$220
$338
$270
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$125
$100
$138
$110
$169
$135
   
San Juan Swap (NJ)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$375
$300
$413
$330
$506
$405
   
Socal Swap (NS)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$375
$300
$413
$330
$506
$405
   
Transco Zone 6 Swap (NZ)                
    Tier 1: 1st Nearby
$250
$200
$275
$220
$338
$270
$0
$0
    Tier 2: 2nd Nearby
$500
$400
$550
$440
$675
$540
   
    Tier 3: 3rd - 6th Nearby
$500
$400
$550
$440
$675
$540
   
    Tier 4: 7th - 12th Nearby
$100
$75
$110
$83
$135
$101
   
    Tier 5: 13th and Greater
$75
$50
$83
$55
$101
$68
   
Northwest Pipeline, Rockies Swap (NR)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$1,000
$1,000
    Tier 2: 2nd Nearby
$325
$250
$358
$275
$439
$338
   
    Tier 3: 3rd - 6th Nearby
$300
$225
$330
$248
$405
$304
   
    Tier 4: 7th - 12th Nearby
$175
$125
$193
$138
$236
$169
   
    Tier 5: 13th and Greater
$100
$75
$110
$83
$135
$101
   
Panhandle Swap (PH)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$375
$300
$413
$330
$506
$405
   
MichCon Swap (NF)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$100
$75
$110
$83
$135
$101
   
Permian Swap (PM)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$375
$300
$413
$330
$506
$405
   
Texas Eastern Zone M-3 Swap (NX)                
    Tier 1: 1st Nearby
$250
$200
$275
$220
$338
$270
$0
$0
    Tier 2: 2nd Nearby and Greater
$200
$150
$220
$165
$270
$203
   
TCO Swap (TC)                
    Tier 1: 1st Nearby
$125
$100
$138
$110
$169
$135
$0
$0
    Tier 2: 2nd Nearby and Greater
$100
$75
$110
$83
$135
$101
   
PGE&E Malin Swap (PB)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$250
$200
$275
$220
$338
$270
   
PGE&E Citygate Swap (PC)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$375
$300
$413
$330
$506
$405
   
NGPL Tex / OK Swap (PD)                
    Tier 1: 1st Nearby
$200
$150
$220
$165
$270
$203
$500
$500
    Tier 2: 2nd Nearby and Greater
$175
$125
$193
$138
$236
$169
   
NGPL LA Swap (NY)                
    Tier 1: 1st Nearby
$50
$25
$55
$28
$68
$34
$500
$500
    Tier 2: 2nd Nearby and Greater
$50
$25
$55
$28
$68
$34
   
ANR Oklahoma Swap (NE)                
    Tier 1: 1st Nearby
$250
$200
$275
$220
$338
$270
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$250
$200
$275
$220
$338
$270
   
SUMAS Swap (NK)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$450
$350
$495
$385
$608
$473
   
NGPL Mid-Continent Swap (NL)                
    Tier 1: 1st Nearby
$250
$200
$275
$220
$338
$270
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$250
$200
$275
$220
$338
$270
   
Northern Natural Gas Demarcation Swap (PE)                
    Tier 1: 1st Nearby
$250
$200
$275
$220
$338
$270
$500
$500
    Tier 2: 2nd Nearby and Greater
$200
$150
$220
$165
$270
$203
   
Northern Natural Gas Ventura, Iowa Swap (PF)     Tier 1: 1st Nearby                
    Tier 1: 1st Nearby
$250
$200
$275
$220
$338
$270
$500
$500
    Tier 2: 2nd Nearby and Greater
$200
$150
$220
$165
$270
$203
   
Dominion Transmission Inc. – Appalachia Swap (PG)                
    Tier 1: 1st Nearby
$325
$250
$358
$275
$439
$338
$500
$500
    Tier 2: 2nd Nearby and Greater
$200
$150
$220
$165
$270
$203
   
CIG Rockies Swap (CI)                
    Tier 1: 1st Nearby
$1,575
$1,250
$1,733
$1,375
$2,126
$1,688
$500
$500
    Tier 2: 2nd Nearby
$375
$300
$413
$330
$506
$405
   
    Tier 3: 3rd - 6th Nearby
$250
$200
$275
$220
$338
$270
   
    Tier 4: 7th - 12th Nearby
$125
$100
$138
$110
$169
$135
   
    Tier 5: 13th and Greater
$100
$75
$110
$83
$135
$101
   
Waha Swap (NW)                
    Tier 1: 1st Nearby
$250
$200
$275
$220
$338
$270
$1,000
$1,000
    Tier 2: 2nd Nearby and Greater
$250
$200
$275
$220
$338
$270
   
Tetco Eastern South/STX (TX)                
    Tier 1: 1st Nearby
$200
$150
$220
$165
$270
$203
$100
$100
    Tier 2: 2nd Nearby and Greater
$100
$75
$110
$83
$135
$101
   
Columbia Gulf Onshore Basis (GL)                
    Tier 1: 1st Nearby
$75
$50
$83
$55
$101
$68
$100
$100
    Tier 2: 2nd Nearby and Greater
$75
$50
$83
$55
$101
$68
   
Tectco ELA Basis (TE)                
    Tier 1: 1st Nearby
$75
$50
$83
$55
$101
$68
$0
$0
    Tier 2: 2nd Nearby and Greater
$50
$25
$55
$28
$68
$34
   
Transco Zone 3 Basis (CZ)                
    Tier 1: 1st Nearby
$75
$50
$83
$55
$101
$68
$100
$100
    Tier 2: 2nd Nearby and Greater
$50
$25
$55
$28
$68
$34
   
ANR, LA (ND)                
    Tier 1: 1st Nearby
$75
$50
$83
$55
$101
$68
$100
$100
    Tier 2: 2nd Nearby and Greater
$50
$25
$55
$28
$68
$34
   
Tennessee, Zone 0 (NQ)                
    Tier 1: 1st Nearby
$200
$150
$220
$165
$270
$203
$100
$100
    Tier 2: 2nd Nearby and Greater
$100
$75
$110
$83
$135
$101
   
Tennessee, LA 500 (NM)                
    Tier 1: 1st Nearby
$75
$50
$83
$55
$101
$68
$100
$100
    Tier 2: 2nd Nearby and Greater
$50
$25
$55
$28
$68
$34
   
Trunkline, LA (NU)                
    Tier 1: 1st Nearby
$75
$50
$83
$55
$101
$68
$100
$100
    Tier 2: 2nd Nearby and Greater
$50
$25
$55
$28
$68
$34
   
Kern River Basis (Ppal) (NV)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$500
$500
    Tier 2: 2nd Nearby
$325
$250
$358
$275
$439
$338
   
    Tier 3: 3rd - 6th Nearby
$300
$225
$330
$248
$405
$304
   
    Tier 4: 7th - 11th Nearby
$175
$125
$193
$138
$236
$169
   
    Tier 5: 12th and Greater
$100
$75
$110
$83
$135
$101
   
Questar Basis (TA)                
    Tier 1: 1st Nearby
$625
$500
$688
$550
$844
$675
$500
$500
    Tier 2: 2nd Nearby
$325
$250
$358
$275
$439
$338
   
    Tier 3: 3rd - 6th Nearby
$300
$225
$330
$248
$405
$304
   
    Tier 4: 7th - 11th Nearby
$175
$125
$193
$138
$236
$169
   
    Tier 5: 12th and Greater
$100
$75
$110
$83
$135
$101
   
Texas Gas, SL (TB)                
    Tier 1: 1st Nearby
$75
$50
$83
$55
$101
$68
$100
$100
    Tier 2: 2nd Nearby and Greater
$50
$25
$55
$28
$68
$34
   


This notice supersedes all previous notices regarding margins rates for the Natural Gas Basis and Index swap contracts listed above.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com