Notice to Members
Notice No. 297
06/06/2006
Margin Rate and Tier Changes for NYMEX ClearPort® Petroleum Product and Spread Futures Contracts
Effective Date: Wednesday, June 7, 2006 (close of business)

Futures Contracts:
Unleaded 87 Up-Down Spread Calendar Swap (UU), European ULSD 50 PPM CIF NWE Swap (ES), Brent - Dubai Swap (DB), NY Harbor Gasoline Crack Spread Calendar Swap (UK), RBOB Crack Spread Swap (RM), European Gasoil (ICE) Calendar Swap (GX)
Contract Months: All Months

NOTE: The revised tiers and margins are in bold

Outright (Scan) Margin Tiers for UK and RM
 
Tiers
New
Old
1
1st Nearby
All Months
2
2nd - 5th Nearby
N/A
3
Greater than 5th Nearby
N/A

Intra-Commodity Spread Tiers for UK and RM
 
Tiers
New
Old
1
1st Nearby
All Months
2
2nd - 5th Nearby
N/A
3
Greater than 5th Nearby
N/A


NYMEX Division Outright (Scan) Margins for NYMEX ClearPort® Petroleum Product & Spread Contracts
 
Contract
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
UU
$2,000
$3,000
$2,200
$3,300
$2,700
$4,050
ES
$36,000
$21,000
$39,600
$23,100
$48,600
$28,350
DB
$600
$300
$660
$330
$810
$405
UK - Tier 1
$3,325
$2,500
$3,658
$2,750
$4,489
$3,375
UK - Tier 2
$3,150
N/A
$3,465
N/A
$4,253
N/A
UK - Tier 3
$2,450
N/A
$2,695
N/A
$3,308
N/A
RM - Tier 1
$4,000
$2,500
$4,400
$2,750
$5,400
$3,375
RM - Tier 2
$3,500
N/A
$3,850
N/A
$4,725
N/A
RM - Tier 3
$2,500
N/A
$2,750
N/A
$3,375
N/A
GX - Tier 1
$37,000
$33,800
$40,700
$37,180
$49,950
$45,630
GX - Tier 2
$35,000
$32,000
$38,500
$35,200
$47,250
$43,200
GX - Tier 3
$28,200
$28,200
$31,020
$31,020
$38,070
$38,070
GX - Tier 4
$24,500
$24,500
$26,950
$26,950
$33,075
$33,075


NYMEX Division Intra-Commodity Spread Margins on UK and RM
 
Tier
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$100
$240
$110
$264
$135
$324
2
$100
N/A
$110
N/A
$135
N/A
3
$100
N/A
$110
N/A
$135
N/A


This notice supersedes all previous notices regarding margin rates for the Petroleum Product and Spread Swap Futures Contracts. Should you have any questions or require any further information, please contact exchangeinfo@nymex.com