Notice to Members
Notice No. 304
06/09/2006
New Margin Rates and Tiers for the NYMEX Financially-Settled Futures Contracts on CME Globex®
Effective Date: Monday, June 12, 2006 (close of business)

Contracts:
Oil and Products Futures Symbol Contract Size
WTI Crude Oil (Penultimate) WS 1,000 barrels
Heating Oil (Penultimate) BH 42,000 U.S. gallons
RBOB Gasoline (Penultimate) RT 42,000 U.S. gallons
     
     
Natural Gas Futures Symbol Contract Size
Natural Gas (Penultimate) HP 10,000 mmBtu
Natural Gas (Last Day) HH 10,000 mmBtu
     
miNY Products Symbol Contract Size
miNY Crude Oil QM 500 barrels
miNY Natural Gas QG 2,500 mmBtu
miNY Heating Oil QH 21,000 U.S. gallons
miNY Gasoline QU 21,000 U.S. gallons
Contract Months: All Months

Note: The revised margin rates are in bold


Outright Outright (Scan) Spread Tiers for GLOBEX WTI Crude Oil (WS)
 
Tiers
New
1
All Months


Intra-Commodity Spread Tiers for GLOBEX WTI Crude Oil (WS)
 
Tiers
New
1
1st Nearby
2
2nd - 5th Nearby
3
6th - 12th Nearby
4
Greater than 12th Nearby


NYMEX Division Outright (Scan) Margins for GLOBEX WTI Crude Oil (WS)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
July 06
$3,500
N/A
$3,850
N/A
$4,725
N/A
Aug-06 - Dec-06
$3,500
N/A
$3,850
N/A
$4,725
N/A
All Other Months
$2,500
N/A
$2,750
N/A
$3,375
N/A

NYMEX Division Intra-Commodity Spread Margin Rates for GLOBEX WTI Crude Oil (WS)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$400
N/A
$440
N/A
$540
N/A
2
$250
N/A
$275
N/A
$338
N/A
3
$150
N/A
$165
N/A
$203
N/A
4
$100
N/A
$110
N/A
$135
N/A

Outright (Scan) Spread Tiers and Intra-Commodity Spread Tiers for GLOBEX  Heating Oil (BH)
 
Tiers
New
1
1st Nearby
2
2nd - 6th Nearby
3
7th - 11th Nearby
4
Greater than 11th Nearby


NYMEX Division Outright (Scan) Margins for GLOBEX Heating Oil (BH)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$5,000
N/A
$5,500
N/A
$6,750
N/A
2
$4,500
N/A
$4,950
N/A
$6,075
N/A
3
$4,000
N/A
$4,400
N/A
$5,400
N/A
4
$3,500
N/A
$3,850
N/A
$4,725
N/A

NYMEX Division Intra-Commodity Spread Margin Rates for GLOBEX Heating Oil (BH)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$250
N/A
$275
N/A
$338
N/A
2
$150
N/A
$165
N/A
$203
N/A
3
$150
N/A
$165
N/A
$203
N/A
4
$100
N/A
$110
N/A
$135
N/A

Outright (Scan) Spread Tiers and Intra-Commodity Spread Tiers for GLOBEX  RBOB Gasoline (RT)
 
Tiers
New
1
1st Nearby
2
2nd - 5th Nearby
3
Greater than 5th Nearby


NYMEX Division Outright (Scan) Margins for GLOBEX RBOB Gasoline (RT)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$6,000
N/A
$6,600
N/A
$8,100
N/A
2
$5,000
N/A
$5,500
N/A
$6,750
N/A
3
$4,500
N/A
$4,950
N/A
$6,075
N/A

NYMEX Division Intra-Commodity Spread Margin Rates for GLOBEX RBOB Gasoline (RT)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$250
N/A
$275
N/A
$338
N/A
2
$250
N/A
$275
N/A
$338
N/A
3
$200
N/A
$220
N/A
$270
N/A

Outright (Scan) Spread Tiers and Intra-Commodity Spread Tiers
for GLOBEX Natural Gas Penultimate (HP) and GLOBEX Natural Gas Last Day (HH)
 
Tiers
New
1
1st Nearby
2
2nd Nearby
3
3th - 5th Nearby
4
6th - 9th Nearby
5
10th Nearby
6
11th - 23rd Nearby
7
24th - 48th Nearby
8
49th - 60th Nearby
9
Greater than 60th Nearby


NYMEX Division Outright (Scan) Margins for GLOBEX Natural Gas Penultimate (HP) and GLOBEX Natural Gas Last Day (HH)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$6,500
N/A
$7,150
N/A
$8,775
N/A
2
$6,500
N/A
$7,150
N/A
$8,775
N/A
3
$7,500
N/A
$8,250
N/A
$10,125
N/A
4
$9,000
N/A
$9,900
N/A
$12,150
N/A
5
$6,000
N/A
$6,600
N/A
$8,100
N/A
6
$3,500
N/A
$3,850
N/A
$4,725
N/A
7
$3,000
N/A
$3,300
N/A
$4,050
N/A
8
$2,500
N/A
$2,750
N/A
$3,375
N/A
9
$2,000
N/A
$2,200
N/A
$2,700
N/A

NYMEX Division Intra-Commodity Spread Margin Rates for GLOBEX Natural Gas Penultimate (HP) and GLOBEX Natural Gas Last Day (HH)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$1,000
N/A
$1,100
N/A
$1,350
N/A
2
$750
N/A
$825
N/A
$1,013
N/A
3
$750
N/A
$825
N/A
$1,013
N/A
4
$750
N/A
$825
N/A
$1,013
N/A
5
$500
N/A
$550
N/A
$675
N/A
6
$500
N/A
$550
N/A
$675
N/A
7
$500
N/A
$550
N/A
$675
N/A
8
$500
N/A
$550
N/A
$675
N/A
9
$250
N/A
$275
N/A
$338
N/A


Outright (Scan) Spread Tiers for GLOBEX  miNY WTI Crude Oil (QM)
 
Tiers
New
1
All Months


Intra-Commodity Spread Tiers for GLOBEX miNY WTI Crude Oil (QM)
 
Tiers
New
1
1st Nearby
2
Greater than 1st Nearby


NYMEX Division Outright (Scan) Margins for GLOBEX miNY WTI Crude Oil (QM)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
July 06
$1,750
N/A
$1,925
N/A
$2,363
N/A
All Other Months
$1,750
N/A
$1,925
N/A
$2,363
N/A

NYMEX Division Intra-Commodity Spread Margin Rates for Globex miNY WTI Crude Oil (QM)
 
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

Outright (Scan) Spread Tiers for GLOBEX  miNY Natural Gas (QG)
 
Tiers
New
1
1st Nearby
2
2nd Nearby
3
Greater than 2nd Nearby


Intra-Commodity Spread Tiers for GLOBEX miNY Natural Gas (QG)
 
Tiers
New
1
1st Nearby
2
Greater than 1st Nearby


NYMEX Division Outright (Scan) Margins for GLOBEX miNY Natural Gas (QG)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$1,625
N/A
$1,788
N/A
$2,194
N/A
2
$1,625
N/A
$1,788
N/A
$2,194
N/A
3
$1,875
N/A
$2,063
N/A
$2,531
N/A

NYMEX Division Intra-Commodity Spread Margin Rates for Globex miNY Natural Gas (QG)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$250
N/A
$275
N/A
$338
N/A
2
$250
N/A
$275
N/A
$338
N/A

Outright (Scan) Spread Tiers Intra-Commodity Spread Tiers for GLOBEX miNY Heating Oil (QH)
 
Tiers
New
1
1st Nearby
2
Greater than 1st Nearby


NYMEX Division Outright (Scan) Margins for GLOBEX miNY Heating Oil (QH)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$2,500
N/A
$2,750
N/A
$3,375
N/A
2
$2,500
N/A
$2,750
N/A
$3,375
N/A

NYMEX Division Intra-Commodity Spread Margin Rates for Globex miNY WTI Crude Oil (QM)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$125
N/A
$138
N/A
$169
N/A
2
$75
N/A
$83
N/A
$101
N/A


Outright (Scan) Spread Tiers Intra-Commodity Spread Tiers
for GLOBEX miNY RBOB Gasoline (QU)
 
Tiers
New
1
1st Nearby
2
Greater than 1st Nearby


NYMEX Division Outright (Scan) Margins for GLOBEX miNY RBOB Gasoline (QU)
 
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
$2,750
N/A
$3,025
N/A
$3,713
N/A

NYMEX Division Intra-Commodity Spread Margin Rates for GLOBEX miNY RBOB Gasoline (QU)
 
Tiers
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$125
N/A
$138
N/A
$169
N/A
2
$125
N/A
$138
N/A
$169
N/A
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com