Notice to Members
Notice No. 131
03/12/2008
New Margin Rates and Tiers for the New NYMEX Carbon, Nitrogen Oxides (NOX) and Sulfur Dioxide (SO2) Based Emission Allowance Futures Contracts
Effective Date: Monday, March 17, 2008 (close of business)

Futures Contracts:
Contract Name
Symbol
Seasonal NOx Emission Allowance – Current Vintage – Futures
RN
Seasonal NOx Emission Allowance – Vintage 2009 – Futures
YI
Seasonal NOx Emission Allowance – Vintage 2010 – Futures
YJ
Seasonal NOx Emission Allowance – Vintage 2011 – Futures
YN
Seasonal NOx Emission Allowance – Vintage 2012 – Futures
YM
Annual NOx Emission Allowance – Vintage 2009 – Futures
WW
Annual NOx Emission Allowance – Vintage 2010 – Futures
YP
Annual NOx Emission Allowance – Vintage 2011 – Futures
YQ
Annual NOx Emission Allowance – Vintage 2012 – Futures
YR
Futures Contracts:


>NYMEX Division Outright (Scan) Margin on RC, VA, YI, YJ, YN, YM, WW, YP, YQ, and YR
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
New
New
RC
€ 1700
€ 1870
€ 2295
VA
€ 1100
€ 1210
€ 1485
YI
$600
$660
$810
YJ
$600
$660
$810
YN
$600
$660
$810
YM
$600
$660
$810
WW
$2,500
$2,750
$3,375
YP
$2,500
$2,750
$3,375
YQ
$3,000
$3,300
$4,050
YR
$3,000
$3,300
$4,050


NYMEX Division Intra-Commodity Spread Margins on RC, VA, YI, YJ, YN, YM, WW, YP, YQ, and YR
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
New
New
RC
€ 300
€ 330
€ 405
VA
€ 300
€ 330
€ 405
YI
$150
$165
$203
YJ
$150
$165
$203
YN
$150
$165
$203
YM
$150
$165
$203
WW
$300
$330
$405
YP
$300
$330
$405
YQ
$300
$330
$405
YR
$300
$330
$405


Spot Assessment Margins For RC, VA, YI, YJ, YN, YM, WW, YP, YQ, and YR
 
Commodity
Clearing Member Assessments
Member Customer Assessments
Non-Member Customer Assessments
 
New
New
New
RC
€ 2000
€ 2200
€ 2700
VA
€ 2000
€ 2200
€ 2700
YI
$1,000
$1,100
$1,350
YJ
$1,000
$1,100
$1,350
YN
$1,000
$1,100
$1,350
YM
$1,000
$1,100
$1,350
WW
$3,000
$3,300
$4,050
YP
$3,000
$3,300
$4,050
YQ
$3,000
$3,300
$4,050
YR
$3,000
$3,300
$4,050

Note: The spot month assessment will take place in two increments: First, $100 or € 100 respectively on positions at the close of business on the day preceding termination; second, the remaining of the spot assessment on positions at the close of business on the day after termination.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com