03/27/2007
Futures Contract: NY Harbor Gasoline Blendstock Contract, RBOB Gasoline – Financial Contract, RBOB Calendar Swap and NYMEX RBOB miNY™ Gasoline Contract
Contract Months: All Months
NYMEX Division Outright (Scan) Margins on New York Harbor Gasoline Blendstock
(RBOB) Futures Contract (RB), RBOB Gasoline - Financial Contract (RT) and
RBOB Calendar Swap (RL)
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| 1 | $4,750 | $4,500 | $5,225 | $4,950 | $6,413 | $6,075 |
| 2 | $4,500 | $4,250 | $4,950 | $4,675 | $6,075 | $5,738 |
| 3 | $3,750 | $3,750 | $4,125 | $4,125 | $5,063 | $5,063 |
NYMEX Division Outright (Scan) Margins on NYMEX miNY™Gasoline (QU)
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
| 1 | $2,375 | $2,250 | $2,613 | $2,475 | $3,206 | $3,038 |
| 2 | $2,250 | $2,125 | $2,475 | $2,338 | $3,038 | $2,869 |
| 3 | $1,875 | $1,875 | $2,063 | $2,063 | $2,531 | $2,531 |
Scan Risk Example at Clearing Member Rates
A spread consisting of one RB leg in Tier 1 and another in Tier 3 will have its requirement (at the clearing member rates) calculated at $ 1,000 starting on Wednesday, March 28, 2007.
| One Long Tier 1 RB | (1 * $4,750) | = | $4,750 |
| One Short Tier 3 RB | (1 * $3,750) | = | $3,750 |
| Net Scan Risk | ($4,750-$3,750) | = | $1,000 |
| Spread Rate | (1* $ 250) | = + | $250 |
| Total Requirement | = | $1,250 | |
| Summary | |||
| Clearing Member (Maintenance Margin): | $1,250 | ||
| Member Customer (Initial Margin): | $1,375 | ||
| Non-Member Customer (Initial Margin): | $1,688 |
This notice supersedes all previous notices regarding outright margins for the NY Harbor Gasoline Blendstock Contract, RBOB Gasoline – Financial Contract, RBOB Calendar Swap and NYMEX RBOB miNY™ Gasoline Contracts.