Notice to Members
Notice No. 145
04/06/2005
Margin Rates, Intra-Commodity Spread Tiers, and Inter-Commodity Spread Credits for New NYMEX Northwest Europe Gasoil Futures Contracts (GR)
EFFECTIVE DATE: Friday, April 8, 2005 (close of business)

FUTURES CONTRACTS: NYMEX Europe Gasoil Futures Contracts (GR)

CONTRACT MONTHS: All Months
NYMEX Division Outright (Scan) Margins on Northwest Europe Gasoil Futures (GR)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non–Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$3,000
N/A
$3,300
N/A
$4,050
N/A
2
$2,800
N/A
$3,080
N/A
$3,780
N/A
3
$2,250
N/A
$2,475
N/A
$3,038
N/A
4
$1,750
N/A
$1,925
N/A
$2,363
N/A


GR Outright (Scan) Margin Tiers
 
Tiers
New
Old
1
1st Nearby
N/A
2
2nd - 6th Nearby
N/A
3
7th - 11th Nearby
N/A
4
Greater than 11th Nearby
N/A


NYMEX Division Intra-Commodity Spread Margins on Northwest Europe Gasoil Futures (GR)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non–Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$200
N/A
$220
N/A
$270
N/A
2
$125
N/A
$138
N/A
$169
N/A
3
$125
N/A
$138
N/A
$169
N/A
4
$75
N/A
$83
N/A
$101
N/A


GR Intra-Commodity Spread Tiers
 
Tiers
New
Old
1
1st Nearby
N/A
2
2nd - 6th Nearby
N/A
3
7th - 11th Nearby
N/A
4
Greater than 11th Nearby
N/A


NYMEX Division Inter-Commodity Spread Credits on Northwest Europe Gasoil Futures (GR)
 
Spread
Priority
Ratio
% Credit
GR:HO
44
4:3
98
UE:GR
107
1:10
95
UG:GR
108
1:10
95
UJ:GR
109
1:10
95
UL:GR
110
1:10
95
UP:GR
111
1:10
95
UQ:GR
112
1:10
95
UR:GR
113
1:10
95
GR:HU
187
4:3
75
GR:SC
249
4:3
65
GR:SA
250
4:3
65
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com