Notice to Members
Notice No. 13
01/05/2007
New Inter-Exchange Margins for Financially Settled Softs Futures Contracts
Beginning Monday, January 8, 2007, the NYMEX will implement margin spread credits between related NYMEX and New York Board of Trade Contracts. These inter-Exchange credits will apply to NYMEX margins as long as both positions in the spread are maintained with the same Clearing Firm. The following spread credits will apply as of January 8, 2007:

Effective Date:        Monday, January 8, 2007 (close of business)

Futures Contracts:   NYMEX Cocoa Futures (CJ), NYMEX Frozen Orange Juice Futures (FJ), NYMEX Sugar #14 Futures (FT), NYMEX Coffee Futures (KT), NYMEX Cotton Futures (TT), and NYMEX Sugar #11 Futures (YO)

Contract Months:     All Months

Inter-Exchange Spread Credit For NYMEX Cocoa Futures contracts
Spread
Ratio
  
Clearing Member/Member/Hedge
Clearing Member/Member/Hedge
Non-Member
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin Per Contract
COMEX Spread Charge Per Contract
COMEX Spread Credit Per Contract
NYMEX / NYBOT
1:01
NEW
750
150
600
825
165
660
1013
203
810


Inter-Exchange Spread Credit For NYMEX Frozen Orange Juice Futures contracts
Spread
Ratio
  
Clearing Member/Member/Hedge
Clearing Member/Member/Hedge
Non-Member
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin Per Contract
COMEX Spread Charge Per Contract
COMEX Spread Credit Per Contract
NYMEX / NYBOT
1:01
NEW
1200
240
960
1320
264
1056
1620
324
1296


Inter-Exchange Spread Credit For NYMEX Sugar #14 Futures contracts
Spread
Ratio
  
Clearing Member/Member/Hedge
Clearing Member/Member/Hedge
Non-Member
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin Per Contract
COMEX Spread Charge Per Contract
COMEX Spread Credit Per Contract
NYMEX / NYBOT
1:01
NEW
500
100
400
550
110
440
675
135
540


Inter-Exchange Spread Credit For NYMEX Coffee Futures contracts
Spread
Ratio
  
Clearing Member/Member/Hedge
Clearing Member/Member/Hedge
Non-Member
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin Per Contract
COMEX Spread Charge Per Contract
COMEX Spread Credit Per Contract
NYMEX / NYBOT
1:01
NEW
2000
400
1600
2200
440
1760
2700
540
2160


Inter-Exchange Spread Credit For NYMEX Cotton Futures contracts
Spread
Ratio
  
Clearing Member/Member/Hedge
Clearing Member/Member/Hedge
Non-Member
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin Per Contract
COMEX Spread Charge Per Contract
COMEX Spread Credit Per Contract
NYMEX / NYBOT
1:01
NEW
1500
300
1200
1650
330
1320
2025
405
1620


Inter-Exchange Spread Credit For NYMEX Sugar #11 Futures contracts
Spread
Ratio
  
Clearing Member/Member/Hedge
Clearing Member/Member/Hedge
Non-Member
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin per Contract
COMEX Spread Charge per Contract
COMEX Spread Credit Per Contract
COMEX Full Margin Per Contract
COMEX Spread Charge Per Contract
COMEX Spread Credit Per Contract
NYMEX / NYBOT
1:01
NEW
750
150
600
825
165
660
1013
203
810
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com