06/13/2008
TO: ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS
FROM: James Newsome, President
EFFECTIVE DATE: Monday, June 16, 2008 (close of business)
FUTURES CONTRACTS:
Contract Name |
Symbol |
Brent Bullet Swap Futures |
BB |
Brent Crude Oil - Last Day Futures |
BZ |
Brent (ICE) Calendar Swap Futures |
CY |
|
|
CONTRACT MONTHS: All Months
NOTE: The revised margins are in bold.
NYMEX Division Outright (Scan) Margins on The ClearPort Crude Oil and Petroleum Related Swap Futures Contracts |
||||||
Contract |
Clearing Member / Maintenance Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
|
New |
Old |
New |
Old |
New |
Old |
BB |
$9,500 |
$7,000 |
$10,450 |
$7,700 |
$12,825 |
$9,450 |
BZ |
$9,500 |
$7,000 |
$10,450 |
$7,700 |
$12,825 |
$9,450 |
CY |
$9,500 |
$7,000 |
$10,450 |
$7,700 |
$12,825 |
$9,450 |
This notice supersedes all previous notices regarding margin rates for Crude Oil and Petroleum Related Swap Futures Contracts.