07/26/2007
Futures Contract: NY Harbor Gasoline Blendstock Contract, RBOB Gasoline – Financial Contract, RBOB Calendar Swap and NYMEX RBOB miNY™ Gasoline Contract
Contract Months: Tiers 1 and 2
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 | $5,000 | $6,000 | $5,500 | $6,600 | $6,750 | $8,100 |
| 2 | $4,500 | $5,250 | $4,950 | $5,775 | $6,075 | $7,088 |
| 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 | $2,500 | $3,000 | $2,750 | $3,300 | $3,375 | $4,050 |
| 2 | $2,250 | $2,625 | $2,475 | $2,888 | $3,038 | $3,544 |
| 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 2 will have its requirement (at the clearing member rates) calculated at $ 1,000 starting on Friday, July 27, 2007.
| One Long Tier 1 RB | (1 * $5,000) | = | $5,000 |
| One Short Tier 2 RB | (1 * $4,500) | = | $4,500 |
| Net Scan Risk | ($6,000-$4,500) | = | $500 |
| Spread Rate | (1* $ 250) | = + | $250 |
| Total Requirement | = | $750 |
|
| Summary | |||
| Clearing Member (Maintenance Margin): | $750 |
||
| Member Customer (Initial Margin): | $825 |
||
| Non-Member Customer (Initial Margin): | $1,013 |
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.