07/11/2008
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)
| Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
New |
Old |
New |
Old |
New |
Old |
|
| 1 | $9,500 | $9,000 | $10,450 | $9,900 | $12,825 | $12,150 |
| 2 | $9,000 | $8,500 | $9,900 | $9,350 | $12,150 | $11,475 |
| 3 | $8,250 | $7,750 | $9,075 | $8,525 | $11,138 | $10,463 |
| 4 | $7,500 | $7,500 | $8,250 | $8,250 | $10,125 | $10,125 |
NYMEX Division Outright (Scan) Margins on NYMEX miNY™Gasoline (QU)
| 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 | $4,125 | $3,875 | $4,538 | $4,263 | $5,569 | $5,231 |
| 4 | $3,750 | $3,750 | $4,125 | $4,125 | $5,063 | $5,063 |
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 $ 700 starting on Monday, July 14, 2008.
| One Long Tier 1 RB | (1 * $9,500) | = | $9,500 |
| One Short Tier 2 RB | (1 * $9,000) | = | $9,000 |
| Net Scan Risk | ($9, 500-$9,000) | = | $500 |
| Spread Rate | (1* $ 200) | = + | $200 |
| Total Requirement | = | $700 | |
| Summary | |||
| Clearing Member (Maintenance Margin): | $700 | ||
| Member Customer (Initial Margin): | $770 | ||
| Non-Member Customer (Initial Margin): | $945 |
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.