03/04/2005
FUTURES CONTRACTS: NYMEX Dated Brent Crude Oil Calendar Swap (UB)
CONTRACT MONTHS: All Months
NYMEX Division Outright (Scan) Margins on Dated Brent
Crude Oil Calendar Swap (UB)
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial Margin |
New |
New |
New |
|
All Months |
$2,500 | $2,750 | $3,375 |
UB) 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 Intra-Commodity Spread Margins on Dated Brent Crude Calendar Swap (UB)
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
New |
New |
New |
|
1 |
$400 |
$440 |
$540 |
2 |
$250 |
$275 |
$338 |
3 |
$150 |
$165 |
$203 |
4 |
$100 |
$110 |
$135 |
NYMEX Division Inter-Commodity Spread Credits on Dated Brent Crude Oil Calendar Swaps
Spread |
Priority |
Ratio |
% Credit |
UB:SA |
22 |
1:01 |
98 |
UB:SC |
23 |
1:01 |
98 |
UB:CS |
47 |
1:01 |
95 |