Notice to Members
Notice No. 343
07/12/2007
Outright (SCAN) Margin Rates Change for the Existing Natural Gas Index Swap Contracts
EFFECTIVE DATE:    Friday, July 13, 2007 (close of business)

FUTURES CONTRACTS:
Demarcation Index Swap (DI), SoCal Index Swap (IF), Dominion Index Swap (IH), San Juan Index Swap (IJ), PG&E City Gate Index Swap (IK), El Paso/Permian Index Swap (IL), Henry Hub Index Swap (IN), Houston Ship Channel Index Swap (IP), ANR OK Index Swap (IQ), Rockies Index Swap (IR), Transco Zone 6 Index Swap (IT), Sumas Index Swap (IU), Panhandle Index Swap (IV), NGPL Mid-Continent Index Swap (IW), TETCO M-3 Index Swap (IX) and NGPL Tex/OK Index Swap (OI)
CONTRACT MONTHS: All Months

NOTE: The revised margin rates are in bold


NYMEX Division Margin Rates for Existing Natural Gas Index Swaps
 
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
Natural Gas Basis Financial
New
Old
New
Old
New
Old
Demarcation Index Swap (DI)
 
 
 
 
 
 
    Tier 1
$1,500
$1,500
$1,650
$1,650
$2,025
$2,025
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
SoCal Index Swap (IF)
 
 
 
 
 
 
    Tier 1
$1,800
$1,800
$1,980
$1,980
$2,430
$2,430
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
Dominion Index Swap (IH)
 
 
 
 
 
 
    Tier 1
$1,500
$1,500
$1,650
$1,650
$2,025
$2,025
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
San Juan Index Swap (IJ)
 
 
 
 
 
 
    Tier 1
$2,000
$2,000
$2,200
$2,200
$2,700
$2,700
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
PG&E City Gate Index Swap (IK)
 
 
 
 
 
 
    Tier 1
$2,000
$2,000
$2,200
$2,200
$2,700
$2,700
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
El Paso/Permian Index Swap (IL)
 
 
 
 
 
 
    Tier 1
$1,500
$1,500
$1,650
$1,650
$2,025
$2,025
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
Henry Hub Index Swap (IN)
 
 
 
 
 
 
    Tier 1
$1,500
$1,500
$1,650
$1,650
$2,025
$2,025
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
Houston Ship Channel Index Swap (IP)
 
 
 
 
 
 
    Tier 1
$1,200
$1,200
$1,320
$1,320
$1,620
$1,620
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
ANR OK Index Swap (IQ)
 
 
 
 
 
 
    Tier 1
$1,500
$1,500
$1,650
$1,650
$2,025
$2,025
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
Rockies Index Swap (IR)
 
 
 
 
 
 
    Tier 1
$4,000
$4,000
$4,400
$4,400
$5,400
$5,400
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
Transco Zone 6 Index Swap (IT)
 
 
 
 
 
 
    Tier 1
$3,000
$3,000
$3,300
$3,300
$4,050
$4,050
    Tier 2
$200
$1,000
$220
$1,100
$270
$1,350
    Tier 3
$100
$100
$110
$110
$135
$135
Sumas Index Swap (IU)
 
 
 
 
 
 
    Tier 1
$1,500
$1,500
$1,650
$1,650
$2,025
$2,025
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
Panhandle Index Swap (IV)
 
 
 
 
 
 
    Tier 1
$1,500
$1,500
$1,650
$1,650
$2,025
$2,025
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
NGPL Mid-Continent Index Swap (IW)
 
 
 
 
 
 
    Tier 1
$1,500
$1,500
$1,650
$1,650
$2,025
$2,025
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135
TETCO M-3 Index Swap (IX)
 
 
 
 
 
 
    Tier 1
$2,000
$2,000
$2,200
$2,200
$2,700
$2,700
    Tier 2
$200
$750
$220
$825
$270
$1,013
    Tier 3
$100
$100
$110
$110
$135
$135
NGPL Tex/OK Index Swap (OI)
 
 
 
 
 
 
    Tier 1
$1,500
$1,500
$1,650
$1,650
$2,025
$2,025
    Tier 2
$200
$250
$220
$275
$270
$338
    Tier 3
$100
$100
$110
$110
$135
$135

This notice supersedes all previous notices regarding these margin rates.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com