09/21/2005
Effective Date: Friday, September 23, 2005 (close of business)
Futures Contract:
PJM Monthly LMP Electricity Contract (JM), PJM Weekly LMP Electricity Contract (JW), PJM Daily LMP Electricity Contract (JD), NYISO ZONE A (KA), NYISO ZONE G (KG), and NYISO ZONE J (KJ)Contract Months: All Months
NYMEX Division Outright (Scan) Margins for Financially
Settled Electricity Futures Contracts
| |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| JM (Tier 1: 1st Nearby) | $7,000 |
$5,000 |
$7,700 |
$5,500 |
$9,450 |
$6,750 |
| JM (Tier 2: 2nd - 4th Nearby) | $7,000 |
$4,500 |
$7,700 |
$4,950 |
$9,450 |
$6,075 |
| JM (Tier 3: 5th - 6th Nearby) | $6,000 |
$4,500 |
$6,600 |
$4,950 |
$8,100 |
$6,075 |
| JM (Tier 4: 7th - 8th Nearby) | $6,000 |
$4,000 |
$6,600 |
$4,400 |
$8,100 |
$5,400 |
| JM (Tier 5: 9th - 10th Nearby) | $5,000 |
$3,000 |
$5,500 |
$3,300 |
$6,750 |
$4,050 |
| JM (Tier 6: 11th - 12th Nearby) | $5,000 |
$4,000 |
$5,500 |
$4,400 |
$6,750 |
$5,400 |
| JM (Tier 7: 13th - 16th Nearby) | $3,000 |
$2,000 |
$3,300 |
$2,200 |
$4,050 |
$2,700 |
| JM (Tier 8: Greater than 16th Nearby) | $2,000 |
$1,250 |
$2,200 |
$1,375 |
$2,700 |
$1,688 |
| JW (All Contracts) | $3,000 |
$2,000 |
$3,300 |
$2,200 |
$4,050 |
$2,700 |
| JD (All Contracts) | $2,000 |
$1,500 |
$2,200 |
$1,650 |
$2,700 |
$2,025 |
| KA (All Months) | $4,000 |
$2,000 |
$4,400 |
$2,200 |
$5,400 |
$2,700 |
| KG (All Months) | $4,000 |
$2,000 |
$4,400 |
$2,200 |
$5,400 |
$2,700 |
| KJ (All Months) | $4,500 |
$2,000 |
$4,400 |
$2,200 |
$5,400 |
$2,700 |
This notice supersedes all previous notices regarding margins rates for the Electricity futures contracts listed above.