10/05/2006
Futures Contract:
Dow Jones North Path – 15 Index (DN), Dow Jones Mid – Columbia Index (DO), Dow Jones Palo Verde Index (DP), Dow Jones South Path – 15 Index (DV), Cinergy Hub LMP – Off Peak (EJ), Michigan Hub LMP – Peak (HM), Michigan Hub LMP – Off Peak (HJ), MISO Illinois LMP – Peak (OM), PJM Western Hub LMP On Peak Monthly (JM), PJM Western Hub LMP Off Peak Monthly (JP), NYISO Zone A LBMP – Peak (KA), NYISO Zone A LBMP – Off Peak (KB), NYISO Zone G LBMP – Peak (KG), NYISO Zone G LBMP – Off Peak (KH), NYISO Zone J LBMP – Peak (KJ), NYISO Zone J LBMP – Off Peak (KK), New England Internal Hub – Peak (NI), New England Internal Hub – Off Peak (KI), Northern Illinois Hub – Peak (UM), Northern Illinois Hub – Off Peak (UO), AEP – Dayton Hub – Peak (VM), and AEP – Dayton Hub – Off Peak (VP)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 | $17,000 | $13,200 | $18,700 | $16,200 | $22,950 |
| Tier 2: 2nd – 6th Nearby | $11,000 | $13,000 | $12,100 | $14,300 | $14,850 | $17,550 |
| Tier 3: 7th – 11th Nearby | $6,000 | $7,500 | $6,600 | $8,250 | $8,100 | $10,125 |
| Tier 4: Greater than 11th Nearby | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
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 | $12,000 | $15,000 | $13,200 | $16,500 | $16,200 | $20,250 |
| Tier 2: 2nd – 6th Nearby | $11,000 | $13,000 | $12,100 | $14,300 | $14,850 | $17,550 |
| Tier 3: 7th – 11th Nearby | $6,000 | $7,500 | $6,600 | $8,250 | $8,100 | $10,125 |
| Tier 4: Greater than 11th Nearby | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
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 | $12,000 | $15,000 | $13,200 | $16,500 | $16,200 | $20,250 |
| Tier 2: 2nd – 6th Nearby | $11,000 | $13,000 | $12,100 | $14,300 | $14,850 | $17,550 |
| Tier 3: 7th – 11th Nearby | $6,000 | $7,500 | $6,600 | $8,250 | $8,100 | $10,125 |
| Tier 4: Greater than 11th Nearby | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
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 | $12,000 | $17,000 | $13,200 | $18,700 | $16,200 | $22,950 |
| Tier 2: 2nd – 6th Nearby | $11,000 | $13,000 | $12,100 | $14,300 | $14,850 | $17,550 |
| Tier 3: 7th – 11th Nearby | $6,000 | $7,500 | $6,600 | $8,250 | $8,100 | $10,125 |
| Tier 4: Greater than 11th Nearby | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
NYMEX Division Outright (Scan) Margins on Cinergy Hub LMP – Off Peak (EJ)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $2,500 | $3,500 | $2,750 | $3,850 | $3,375 | $4,725 |
| Tier 2: 2nd – 6th Nearby | $4,000 | $3,000 | $4,400 | $3,300 | $5,400 | $4,050 |
| Tier 3: 7th – 11th Nearby | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
| Tier 4: Greater than 11th Nearby | $2,500 | $2,500 | $2,750 | $2,750 | $3,375 | $3,375 |
NYMEX Division Outright (Scan) Margins on Michigan Hub LMP – Peak (HM)
| Contract | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| HM | $6,000 | $4,000 | $6,600 | $4,400 | $8,100 | $5,400 |
NYMEX Division Outright (Scan) Margins on Michigan Hub LMP – Off Peak (HJ)
| Contract | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| HJ | $3,000 | $4,000 | $3,300 | $4,400 | $4,050 | $5,400 |
NYMEX Division Outright (Scan) Margins on MISO Illinois LMP – Peak (OM)
| Contract | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| OM | $4,000 | $5,500 | $4,400 | $6,050 | $5,400 | $7,425 |
NYMEX Division Outright (Scan) Margins on PJM Western Hub LMP On Peak Monthly (JM)
| Contract | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| JM (Tier 1 – 1st Nearby) | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
| JM (Tier 2 – 2nd – 4th Nearby) | $5,000 | $7,000 | $5,500 | $7,700 | $6,750 | $9,450 |
| JM (Tier 3 – 5th – 6th Nearby) | $4,000 | $3,000 | $4,400 | $3,300 | $5,400 | $4,050 |
| JM (Tier 4 – 7th – 8th Nearby) | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
| JM (Tier 5 – 9th – 10th Nearby) | $3,000 | $4,000 | $3,300 | $4,400 | $4,050 | $5,400 |
| JM (Tier 6 – 11th – 12th Nearby) | $3,000 | $4,000 | $3,300 | $4,400 | $4,050 | $5,400 |
| JM (Tier 7 – 13th – 16th Nearby) | $2,500 | $2,500 | $2,750 | $2,750 | $3,375 | $3,375 |
| JM (Tier 8 – Greater than 16th Nearby) | $2,000 | $2,000 | $2,200 | $2,200 | $2,700 | $2,700 |
NYMEX Division Outright (Scan) Margins on PJM Western Hub LMP Off Peak Monthly (JP)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $4,500 | $4,500 | $4,950 | $4,950 | $6,075 | $6,075 |
| Tier 2: 2nd – 6th Nearby | $7,000 | $8,000 | $7,700 | $8,800 | $9,450 | $10,800 |
| Tier 3: 7th – 11th Nearby | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
| Tier 4: Greater than 11th Nearby | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
NYMEX Division Outright (Scan) Margins on NYISO Zone A – Peak (KA)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $3,500 | $4,500 | $3,850 | $4,950 | $4,725 | $6,075 |
| Tier 2: 2nd – 6th Nearby | $3,000 | $3,500 | $3,300 | $3,850 | $4,050 | $4,725 |
| Tier 3: 7th – 11th Nearby | $3,000 | $4,000 | $3,300 | $4,400 | $4,050 | $5,400 |
| Tier 4: Greater than 11th Nearby | $2,000 | $2,000 | $2,200 | $2,200 | $2,700 | $2,700 |
NYMEX Division Outright (Scan) Margins on NYISO Zone A – Off Peak (KB)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $4,500 | $4,500 | $4,950 | $4,950 | $6,075 | $6,075 |
| Tier 2: 2nd – 6th Nearby | $7,000 | $8,000 | $7,700 | $8,800 | $9,450 | $10,800 |
| Tier 3: 7th – 11th Nearby | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
| Tier 4: Greater than 11th Nearby | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $3,500 | $4,500 | $3,850 | $4,950 | $4,725 | $6,075 |
| Tier 2: 2nd – 6th Nearby | $3,000 | $3,500 | $3,300 | $3,850 | $4,050 | $4,725 |
| Tier 3: 7th – 11th Nearby | $3,000 | $4,000 | $3,300 | $4,400 | $4,050 | $5,400 |
| Tier 4: Greater than 11th Nearby | $2,000 | $2,000 | $2,200 | $2,200 | $2,700 | $2,700 |
NYMEX Division Outright (Scan) Margins on NYISO Zone G – Off Peak (KH)>
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $4,000 | $4,000 | $4,400 | $4,400 | $5,400 | $5,400 |
| Tier 2: 2nd – 6th Nearby | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
| Tier 3: 7th – 11th Nearby | $3,000 | $5,000 | $3,300 | $5,500 | $4,050 | $6,750 |
| Tier 4: Greater than 11th Nearby | $3,000 | $5,000 | $3,300 | $5,500 | $4,050 | $6,750 |
NYMEX Division Outright (Scan) Margins on NYISO Zone J – Peak (KJ)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $4,500 | $4,500 | $4,950 | $4,950 | $6,075 | $6,075 |
| Tier 2: 2nd – 6th Nearby | $3,000 | $3,500 | $3,300 | $3,850 | $4,050 | $4,725 |
| Tier 3: 7th – 11th Nearby | $3,000 | $5,000 | $3,300 | $5,500 | $4,050 | $6,750 |
| Tier 4: Greater than 11th Nearby | $3,000 | $5,000 | $3,300 | $5,500 | $4,050 | $6,750 |
NYMEX Division Outright (Scan) Margins on NYISO Zone J – Off Peak (KK)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $7,000 | $5,000 | $7,700 | $5,500 | $9,450 | $6,750 |
| Tier 2: 2nd – 6th Nearby | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
| Tier 3: 7th – 11th Nearby | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
| Tier 4: Greater than 11th Nearby | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
NYMEX Division Outright (Scan) Margins on ISO New England Internal Hub – Peak (NI)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $7,000 | $10,000 | $7,700 | $11,000 | $9,450 | $13,500 |
| Tier 2: 2nd – 6th Nearby | $5,000 | $5,000 | $5,500 | $5,500 | $6,750 | $6,750 |
| Tier 3: 7th – 11th Nearby | $3,500 | $3,500 | $3,850 | $3,850 | $4,725 | $4,725 |
| Tier 4: Greater than 11th Nearby | $3,000 | $3,000 | $3,300 | $3,300 | $4,050 | $4,050 |
NYMEX Division Outright (Scan) Margins on ISO New England Internal Hub – Off Peak (KI)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $5,000 | $7,000 | $5,500 | $7,700 | $6,750 | $9,450 |
| Tier 2: 2nd – 6th Nearby | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
| Tier 3: 7th – 11th Nearby | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
| Tier 4: Greater than 11th Nearby | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
NYMEX Division Outright (Scan) Margins on Northern Illinois Hub – Peak
(UM)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
| Tier 2: 2nd – 6th Nearby | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
| Tier 3: 7th – 11th Nearby | $3,000 | $3,500 | $3,300 | $3,850 | $4,050 | $4,725 |
| Tier 4: Greater than 11th Nearby | $3,000 | $3,500 | $3,300 | $3,850 | $4,050 | $4,725 |
NYMEX Division Outright (Scan) Margins on Northern Illinois Hub – Off
Peak (UO)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $4,000 | $5,000 | $4,400 | $5,500 | $5,400 | $6,750 |
| Tier 2: 2nd – 6th Nearby | $3,000 | $3,000 | $3,300 | $3,300 | $4,050 | $4,050 |
| Tier 3: 7th – 11th Nearby | $3,000 | $2,000 | $3,300 | $2,200 | $4,050 | $2,700 |
| Tier 4: Greater than 11th Nearby | $2,000 | $2,000 | $2,200 | $2,200 | $2,700 | $2,700 |
NYMEX Division Outright (Scan) Margins on AEP – Dayton Hub – Peak (VM)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $6,000 | $7,000 | $6,600 | $7,700 | $8,100 | $9,450 |
| Tier 2: 2nd – 6th Nearby | $6,000 | $8,000 | $6,600 | $8,800 | $8,100 | $10,800 |
| Tier 3: 7th – 11th Nearby | $4,000 | $3,500 | $4,400 | $3,850 | $5,400 | $4,725 |
| Tier 4: Greater than 11th Nearby | $3,000 | $2,000 | $3,300 | $2,200 | $4,050 | $2,700 |
NYMEX Division Outright (Scan) Margins on AEP – Dayton Hub – Off Peak (VP)
| Tiers | Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non–Member Customer Initial
Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1: 1st Nearby | $3,000 | $4,000 | $3,300 | $4,400 | $4,050 | $5,400 |
| Tier 2: 2nd – 6th Nearby | $3,000 | $3,000 | $3,300 | $3,300 | $4,050 | $4,050 |
| Tier 3: 7th – 11th Nearby | $3,000 | $3,500 | $3,300 | $3,850 | $4,050 | $4,725 |
| Tier 4: Greater than 11th Nearby | $2,000 | $2,000 | $2,200 | $2,200 | $2,700 | $2,700 |
This notice supersedes all previous notices regarding margin rates for the Electricity Futures contracts listed above.