04/19/2006
Effective Date: Thursday, April 20, 2006 (close of business)
Futures Contract: PJM Western Hub LMP On-Peak Monthly (JM)
Contract Months: Tier 8
NYMEX Division Outright (Scan) Margins for Financially
Settled Electricity Futures Contracts
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| JM (Tier 1 - 1st Nearby) | $8,500 |
$8,500 |
$9,350 |
$9,350 |
$11,475 |
$11,475 |
| JM (Tier 2 - 2nd - 4th Nearby) | $7,500 |
$7,500 |
$8,250 |
$8,250 |
$10,125 |
$10,125 |
| JM (Tier 3 - 5th - 6th Nearby) | $6,000 |
$6,000 |
$6,600 |
$6,600 |
$8,100 |
$8,100 |
| JM (Tier 4 - 7th - 8th Nearby) | $6,000 |
$6,000 |
$6,600 |
$6,600 |
$8,100 |
$8,100 |
| JM (Tier 5 - 9th - 10th Nearby) | $5,000 |
$5,000 |
$5,500 |
$5,500 |
$6,750 |
$6,750 |
| JM (Tier 6 - 11th - 12th Nearby) | $5,000 |
$5,000 |
$5,500 |
$5,500 |
$6,750 |
$6,750 |
| JM (Tier 7 - 13th - 16th Nearby) | $3,000 |
$3,000 |
$3,300 |
$3,300 |
$4,050 |
$4,050 |
| JM (Tier 8 - Greater than 16th Nearby) | $3,000 |
$2,000 |
$3,300 |
$2,200 |
$4,050 |
$2,700 |
This notice supercedes all previous notices regarding margins rates for the Electricity futures contracts listed above.