10/10/2007
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 |
$4,500 |
$5,000 |
$4,950 |
$5,500 |
$6,075 |
$6,750 |
2 |
$4,000 |
$4,500 |
$4,400 |
$4,950 |
$5,400 |
$6,075 |
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 |
$2,250 |
$2,500 |
$2,475 |
$2,750 |
$3,038 |
$3,375 |
2 |
$2,000 |
$2,250 |
$2,200 |
$2,475 |
$2,700 |
$3,038 |
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 $ 750 starting on Thursday, October 11, 2007.
| One Long Tier 1 RB | (1 * $4,500) | = | $4,500 |
| One Short Tier 2 RB | (1 * $4,000) | = | $4,000 |
| Net Scan Risk | ($4,500-$4,000) | = | $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.