Notice to Members
Notice No. 128
02/28/2007
Outright (SCAN) Margin Rate Changes for the Existing Natural Gas Basis Swap Contracts
Effective Date: Thursday, March 1, 2007 (close of business)

Futures Contracts:
CIG Rockies Swap (CI), Alberta Gas Swap (NA), ANR, LA (ND), ANR Oklahoma Swap (NE), MichCon Swap (NF), Houston Ship Channel Swap (NH), San Juan Swap (NJ), SUMAS Swap (NK), NGPL Mid-Continent Swap (NL), Northwest Pipeline, Rockies Swap (NR), Socal Swap (NS), Waha Swap (NW), PGE&E Malin Swap (PB), PGE&E Citygate Swap (PC), Northern Natural Gas Demarcation Swap (PE), Northern Natural Gas Ventura, Iowa Swap (PF), Permian Swap (PM)
Contract Months: All Months

NYMEX Division Outright (Scan) Margin Rates for Existing Natural Gas Basis Swaps
 
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
NATURAL GAS BASIS FINANCIAL
New
Old
New
Old
New
Old
CIG Rockies Swap (CI)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$1,500
$1,750
$1,650
$1,925
$2,025
$2,363
    Tier 2: 2nd Nearby
$1,200
$1,250
$1,320
$1,375
$1,620
$1,688
    Tier 3: 3rd - 6th Nearby
$750
$900
$825
$990
$1,013
$1,215
    Tier 4: 7th - 12th Nearby
$650
$650
$715
$715
$878
$878
    Tier 5: 13th And Greater
$500
$500
$550
$550
$675
$675
Alberta Gas Swap (NA)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$1,500
$1,750
$1,650
$1,925
$2,025
$2,363
    Tier 2: 2nd Nearby
$1,200
$1,250
$1,320
$1,375
$1,620
$1,688
    Tier 3: 3rd - 6th Nearby
$750
$500
$825
$550
$1,013
$675
    Tier 4: 7th - 12th Nearby
$500
$500
$550
$550
$675
$675
    Tier 5: 13th And Greater
$300
$300
$330
$330
$405
$405
ANR, LA (ND)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$150
$150
$165
$165
$203
$203
    Tier 2: 2nd Nearby and Greater
$200
$75
$220
$83
$270
$101
ANR Oklahoma Swap (NE)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$750
$1,000
$825
$1,100
$1,013
$1,350
    Tier 2: 2nd Nearby and Greater
$400
$500
$440
$550
$540
$675
MichCon Swap (NF)
 
 
 
 
 
 
    Tier 1: 1st through 2nd nearby month
$300
$400
$330
$440
$405
$540
    Tier 2: 3rd through 5th nearby month
$300
$500
$330
$550
$405
$675
    Tier 3: Greater than 5th nearby month
$300
$400
$330
$440
$405
$540
Houston Ship Channel Swap (NH)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$500
$750
$550
$825
$675
$1,013
    Tier 2: 2nd Nearby
$400
$500
$440
$550
$540
$675
    Tier 3: 3rd - 6th Nearby
$300
$500
$330
$550
$405
$675
    Tier 4: 7th - 12th Nearby
$200
$600
$220
$660
$270
$810
    Tier 5: 13th And Greater
$100
$300
$110
$330
$135
$405
San Juan Swap (NJ)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$750
$1,000
$825
$1,100
$1,013
$1,350
    Tier 2: 2nd Nearby
$500
$600
$550
$660
$675
$810
    Tier 3: 3rd - 6th Nearby
$400
$500
$440
$550
$540
$675
    Tier 4: 7th - 12th Nearby
$300
$500
$330
$550
$405
$675
    Tier 5: 13th And Greater
$300
$300
$330
$330
$405
$405
SUMAS Swap (NK)
 
 
 
 
 
 
    Tier 1: 1st through 2nd nearby month
$800
$900
$880
$990
$1,080
$1,215
    Tier 2: 3rd through 5th nearby month
$700
$750
$770
$825
$945
$1,013
    Tier 3: Greater than 5th nearby month
$500
$550
$550
$605
$675
$743
NGPL Mid-Continent Swap (NL)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$600
$750
$660
$825
$810
$1,013
    Tier 2: 2nd Nearby
$500
$500
$550
$550
$675
$675
    Tier 3: 3rd - 6th Nearby
$400
$600
$440
$660
$540
$810
    Tier 4: 7th - 12th Nearby
$300
$550
$330
$605
$405
$743
    Tier 5: 13th And Greater
$300
$300
$330
$330
$405
$405
Northwest Pipeline, Rockies Swap (NR)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$1,500
$1,750
$1,650
$1,925
$2,025
$2,363
    Tier 2: 2nd Nearby
$500
$1,250
$550
$1,375
$675
$1,688
    Tier 3: 3rd - 6th Nearby
$500
$900
$550
$990
$675
$1,215
    Tier 4: 7th - 12th Nearby
$300
$600
$330
$660
$405
$810
    Tier 5: 13th And Greater
$300
$500
$330
$550
$405
$675
Socal Swap (NS)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$750
$1,000
$825
$1,100
$1,013
$1,350
    Tier 2: 2nd Nearby
$500
$700
$550
$770
$675
$945
    Tier 3: 3rd - 6th Nearby
$500
$700
$550
$770
$675
$945
    Tier 4: 7th - 12th Nearby
$300
$500
$330
$550
$405
$675
    Tier 5: 13th And Greater
$300
$400
$330
$440
$405
$540
Waha Swap (NW)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$750
$1,000
$825
$1,100
$1,013
$1,350
    Tier 2: 2nd Nearby
$400
$500
$440
$550
$540
$675
    Tier 3: 3rd - 6th Nearby
$400
$500
$440
$550
$540
$675
    Tier 4: 7th - 12th Nearby
$400
$500
$440
$550
$540
$675
    Tier 5: 13th And Greater
$200
$300
$220
$330
$270
$405
PGE&E Malin Swap (PB)
 
 
 
 
 
 
    Tier 1: 1st through 2nd nearby month
$800
$1,000
$880
$1,100
$1,080
$1,350
    Tier 2: 3rd through 5th nearby month
$600
$750
$660
$825
$810
$1,013
    Tier 3: Greater than 5th nearby month
$400
$500
$440
$550
$540
$675
PGE&E Citygate Swap (PC)
 
 
 
 
 
 
    Tier 1: 1st through 2nd nearby month
$800
$900
$880
$990
$1,080
$1,215
    Tier 2: 3rd through 5th nearby month
$600
$750
$660
$825
$810
$1,013
    Tier 3: Greater than 5th nearby month
$400
$500
$440
$550
$540
$675
Northern Natural Gas Demarcation Swap (PE)
 
 
 
 
 
 
    Tier 1: 1st through 2nd nearby month
$700
$800
$770
$880
$945
$1,080
    Tier 2: 3rd through 5th nearby month
$400
$400
$440
$440
$540
$540
    Tier 3: Greater than 5th nearby month
$400
$500
$440
$550
$540
$675
Northern Natural Gas Ventura, Iowa Swap (PF)
 
 
 
 
 
 
    Tier 1: 1st through 2nd nearby month
$600
$700
$660
$770
$810
$945
    Tier 2: 3rd through 5th nearby month
$300
$400
$330
$440
$405
$540
    Tier 3: Greater than 5th nearby month
$300
$500
$330
$550
$405
$675
Permian Swap (PM)
 
 
 
 
 
 
    Tier 1: 1st Nearby
$500
$700
$550
$770
$675
$945
    Tier 2: 2nd Nearby
$500
$700
$550
$770
$675
$945
    Tier 3: 3rd - 6th Nearby
$500
$800
$550
$880
$675
$1,080
    Tier 4: 7th - 12th Nearby
$400
$400
$440
$440
$540
$540
    Tier 5: 13th And Greater
$300
$300
$330
$330
$405
$405
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com