09/01/2005
FUTURES CONTRACTS: PJM Monthly Financially Settled Electricity Futures Contracts (JM)
CONTRACT MONTHS: All Months
NYMEX Division PJM Monthly Financially Settled Electricity Futures Contracts Tiers
Tiers |
New |
Old |
1 |
1st Nearby |
1st - 2nd Nearby |
2 |
2nd - 4th Nearby |
3rd Nearby |
3 |
5th - 6th Nearby |
4th Nearby |
4 |
7th - 8th Nearby |
5th Nearby |
5 |
9th - 10th Nearby |
6th Nearby |
6 |
11th - 12th Nearby |
7th - 22nd Nearby |
7 |
13th - 16th Nearby |
23rd - 25th Nearby |
8 |
Greater than 16th Nearby |
Greater than 25th Nearby |
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
Tier 1 |
$5,000 |
$3,500 |
$5,500 |
$3,850 |
$6,750 |
$4,725 |
Tier 2 |
$4,500 |
$3,500 |
$4,950 |
$3,850 |
$6,075 |
$4,725 |
Tier 3 |
$4,500 |
$3,500 |
$4,950 |
$3,850 |
$6,075 |
$4,725 |
Tier 4 |
$4,000 |
$3,500 |
$4,400 |
$3,850 |
$5,400 |
$4,725 |
Tier 5 |
$3,000 |
$2,500 |
$3,300 |
$2,750 |
$4,050 |
$3,375 |
Tier 6 |
$4,000 |
$2,000 |
$4,400 |
$2,200 |
$5,400 |
$2,700 |
Tier 7 |
$2,000 |
$1,500 |
$2,200 |
$1,650 |
$2,700 |
$2,025 |
Tier 8 |
$1,250 |
$1,000 |
$1,375 |
$1,100 |
$1,688 |
$1,350 |
This notice supersedes all previous notices regarding margin rates and tiers for the PJM Monthly Financially Settled Electricity Futures Contracts.