07/26/2006
Futures Contract: Dow Jones North Path – 15 Index (DN), Dow Jones Mid–Columbia Index (DO), Dow Jones Palo Verde Index (DP), and Dow Jones South Path – 15 Index (DV)
Contract Months: All Months
NYMEX Division Outright (Scan) Margins on Dow Jones
NP15 Electricity Prices Index Swap (DN)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $12,000 |
$8,000 |
$13,200 |
$8,800 |
$16,200 |
$10,800 |
| Tier 2: 2nd – 6th Nearby | $12,000 |
$8,000 |
$13,200 |
$8,800 |
$16,200 |
$10,800 |
| Tier 3: 7th – 11th Nearby | $10,500 |
$7,000 |
$11,550 |
$7,700 |
$14,175 |
$9,450 |
| Tier 4: Greater than 11th Nearby | $10,500 |
$7,000 |
$11,550 |
$7,700 |
$14,175 |
$9,450 |
NYMEX Division Outright (Scan) Margins on Dow Jones Mid–Columbia Electricity Prices Index Swap (DO)
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $10,500 |
$7,000 |
$11,550 |
$7,700 |
$14,175 |
$9,450 |
| Tier 2: 2nd – 6th Nearby | $12,000 |
$7,000 |
$13,200 |
$7,700 |
$16,200 |
$9,450 |
| Tier 3: 7th – 11th Nearby | $10,500 |
$7,000 |
$11,550 |
$7,700 |
$14,175 |
$9,450 |
| Tier 4: Greater than 11th Nearby | $5,250 |
$3,500 |
$5,775 |
$3,850 |
$7,088 |
$4,725 |
NYMEX Division Outright (Scan) Margins on Dow Jones Palo Verde Electricity Prices Index Swap (DP)
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $10,500 |
$7,000 |
$11,550 |
$7,700 |
$14,175 |
$9,450 |
| Tier 2: 2nd – 6th Nearby | $12,000 |
$8,000 |
$13,200 |
$8,800 |
$16,200 |
$10,800 |
| Tier 3: 7th – 11th Nearby | $10,500 |
$7,000 |
$11,550 |
$7,700 |
$14,175 |
$9,450 |
| Tier 4: Greater than 11th Nearby | $10,500 |
$7,000 |
$11,550 |
$7,700 |
$14,175 |
$9,450 |
NYMEX Division Outright (Scan) Margins on Dow Jones SP15 Electricity Prices Index Swap (DV)
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $10,500 |
$7,000 |
$11,550 |
$7,700 |
$14,175 |
$9,450 |
| Tier 2: 2nd – 6th Nearby | $12,000 |
$8,000 |
$13,200 |
$8,800 |
$16,200 |
$10,800 |
| Tier 3: 7th – 11th Nearby | $10,500 |
$7,000 |
$11,550 |
$7,700 |
$14,175 |
$9,450 |
| Tier 4: Greater than 11th Nearby | $10,500 |
$7,000 |
$11,550 |
$7,700 |
$14,175 |
$9,450 |
This notice supersedes all previous notices regarding margin rates for the Electricity Futures contracts listed above.