Notice to Members
Notice No. 229
05/02/2006
Margin Rate and Spot Assessment Changes for Existing NYMEX Division Natural Gas Basis Swap Contracts
Effective Date: Thursday, May 3, 2006 (close of business)

Contracts:
Chicago Basis Swap (NB), Houston Ship Channel Basis Swap (NH), San Juan Basis Swap (NJ), Socal Basis Swap (NS), Transco Zone 6 Basis Swap (NZ), Northwest Pipeline Rockies Basis Swap (NR), Panhandle Basis Swap (PH), Michcon Basis Swap (NF), Permian Basin Basis Swap (PM), PGE&E Malin Basis Swap (PB), PGE&E Citygate Basis Swap (PC), ANR Oklahoma (NE), NGPL Mid-Continent (NL), Northern Natural Gas Demarcation Basis Swap (PE), Northern Natural Gas Ventura, Iowa Basis Swap (PF), CIG Rockies Basis Swap (CI), Waha Basis Swap (NW), Columbia Gulf Onshore Basis Swap (GL), Kern River Wyoming Basis Swap (NV), Questar Basis Swap (TA)
Contract Months: All Months

Note: The revised margin rates are in bold


NYMEX Division Margin Rates For Existing Natural Gas Basis Swaps
 
Natural Gas Basis Financial
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
Spot Assessment
Transco Zone 6 Swap (NZ)
New
Old
New
Old
New
Old
New
Old
Tier 1 - 1st Nearby
$300
$500
$330
$550
$405
$675
$0
$0
Tier 2: 2nd Nearby
$300
$500
$330
$550
$405
$675
 
 
Tier 3: 3rd - 6th Nearby
$200
$300
$220
$330
$270
$405
 
 
Tier 4: 7th - 12th Nearby
$1,000
$400
$1,100
$440
$1,350
$540
 
 
Tier 5: 13th And Greater
$1,000
$500
$1,100
$550
$1,350
$675
 
 


Spot Assessment Margins For Natural Gas Basis Swaps
 
Contract
Clearing Member Assessments
Member Customer Assessments
Non-Member Customer Assessments
 
New
Old
New
Old
New
Old
NB
$0
150
$0
$165
$0
$223
NH
$0
200
$0
$220
$0
$297
NJ
$0
125
$0
$138
$0
$186
NS
$0
125
$0
$138
$0
$186
NR
$0
150
$0
$165
$0
$223
PH
$0
150
$0
$165
$0
$223
NF
$0
100
$0
$110
$0
$149
NV
$0
250
$0
$275
$0
$371
TA
$0
250
$0
$275
$0
$371
PM
$0
150
$0
$165
$0
$223
PB
$0
250
$0
$275
$0
$371
PC
$0
150
$0
$165
$0
$223
NE
$0
200
$0
$220
$0
$297
NL
$0
125
$0
$138
$0
$186
PE
$0
125
$0
$138
$0
$186
PF
$0
125
$0
$138
$0
$186
CI
$0
125
$0
$138
$0
$186
NW
$0
300
$0
$330
$0
$446
GL
$0
700
$0
$770
$0
$1,040


This notice supersedes all previous notices regarding margins rates for the Natural Gas Basis swap contracts listed above.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com