Notice to Members
Notice No. 303
06/13/2006
Change in Spot Month Margin Assessments
Beginning with the termination of the July 2006 contracts, the spot month margin assessment on Crude Oil (CL), Heating Oil (HO), New York Harbor Unleaded Gasoline (HU), Reformulated Blend Gasoline (RB), and Natural Gas (NG) contracts will be changed. At the close of business on the business day preceding futures termination, a $100 margin assessment will be put in place. Currently, that assessment is $600. An additional $2,900 will be placed on positions at the close of business on the day of termination for Clearing Member positions. Currently, a $2,400 spot month assessment is imposed on positions as of the close of business on the termination day.

NEW SPOT ASSESSMENTS
 
Business Day Prior to Termination
Termination Day
Total
Clearing Member
$100
$2,900
$3,000
Member Customer
$110
$3,190
$3,300
Non-Member Customer
$135
$3,915
$4,050


This change will apply to Natural Gas (NG), Crude Oil (CL), Heating Oil (HO), Unleaded Gasoline (HU), Reformulated Blend Gasoline (RB) futures contracts.

Below is the schedule for the new margin assessments for July contracts:

AUGUST MARGIN ASSESSMENTS AS OF THE CLOSE OF BUSINESS

Contract
First Assessment
Second Assessment
WTI Crude Oil (CL)
6/19/06
6/20/06
Natural Gas
6/27/06
6/28/06
Heating Oil
6/29/06
6/30/06
Unleaded Gasoline
6/29/06
6/30/06
Reformulated Blend Gasoline
6/29/06
6/30/06


This notice supersedes all previous notices regarding spot month margin assessments for NYMEX energy futures contracts.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com