08/01/2008
Futures Contracts:
Cinergy Hub LMP – Peak (EM), Michigan Hub LMP – Peak (HM), Dow Jones Mid-Columbia Electricity Prices Index Swap (DO), ERCOT North Peak Swap Contract (MT), Northern Illinois Hub – Off Peak (UO), AEP-Dayton Hub – Off Peak (VP), Cinergy Hub LMP – Off Peak (EJ), and Michigan Hub LMP – Off Peak (HJContract Months: All Months
MT Outright (Scan) Margin Tiers
Tiers |
New |
Old |
1 |
1st Nearby |
All Months |
2 |
2nd - 6th Nearby |
N/A |
3 |
7th - 11th Nearby |
N/A |
4 |
Greater than 11th Nearby |
N/A |
NYMEX Division Outright (Scan) Margins on Cinergy Hub LMP – Peak (EM)
| Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1 | $8,000 | $5,000 | $8,800 | $5,500 | $10,800 | $6,750 |
| Tier 2 | $7,000 | $5,000 | $7,700 | $5,500 | $9,450 | $6,750 |
| Tier 3 | $6,500 | $6,500 | $7,150 | $7,150 | $8,775 | $8,775 |
| Tier 4 | $5,000 | $5,500 | $5,500 | $6,050 | $6,750 | $7,425 |
NYMEX Division Outright (Scan) Margins on Michigan Hub LMP – On Peak (HM)
| Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
New |
Old |
New |
Old |
New |
Old |
|
| HM | $8,000 | $6,500 | $8,800 | $7,150 | $10,800 | $8,775 |
NYMEX Division Outright (Scan) Margins on Dow Jones Mid-Columbia Electricity
Prices Index Swap (DO)
| Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1 | $8,000 | $7,000 | $8,800 | $7,700 | $10,800 | $9,450 |
| Tier 2 | $6,000 | $6,000 | $6,600 | $6,600 | $8,100 | $8,100 |
| Tier 3 | $5,000 | $5,000 | $5,500 | $5,500 | $6,750 | $6,750 |
| Tier 4 | $4,000 | $4,000 | $4,400 | $4,400 | $5,400 | $5,400 |
NYMEX Division Outright (Scan) Margins on ERCOT North Peak Swap (Platts
Megawatt Daily) Contract (MT)
| Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1 | $12,000 | $15,000 | $13,200 | $16,500 | $16,200 | $20,250 |
| Tier 2 | $10,000 | N/A | $11,000 | N/A | $13,500 | N/A |
| Tier 3 | $8,000 | N/A | $8,800 | N/A | $10,800 | N/A |
| Tier 4 | $7,000 | N/A | $7,700 | N/A | $9,450 | N/A |
NYMEX Division Outright (Scan) Margins on Northern Illinois Hub – Off
Peak (UO)
| Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1 | $5,000 | $3,000 | $5,500 | $3,300 | $6,750 | $4,050 |
| Tier 2 | $3,000 | $1,500 | $3,300 | $1,650 | $4,050 | $2,025 |
| Tier 3 | $2,500 | $1,500 | $2,750 | $1,650 | $3,375 | $2,025 |
| Tier 4 | $2,500 | $1,500 | $2,750 | $1,650 | $3,375 | $2,025 |
NYMEX Division Outright (Scan) Margins on AEP-Dayton Hub – Off Peak (VP)
| Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1 | $5,000 | $4,000 | $5,500 | $4,400 | $6,750 | $5,400 |
| Tier 2 | $4,000 | $3,000 | $4,400 | $3,300 | $5,400 | $4,050 |
| Tier 3 | $3,000 | $2,500 | $3,300 | $2,750 | $4,050 | $3,375 |
| Tier 4 | $2,500 | $1,500 | $2,750 | $1,650 | $3,375 | $2,025 |
NYMEX Division Outright (Scan) Margins on Cinergy Hub LMP – Off Peak (EJ)
| Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
New |
Old |
New |
Old |
New |
Old |
|
| Tier 1 | $5,000 | $4,000 | $5,500 | $4,400 | $6,750 | $5,400 |
| Tier 2 | $4,000 | $2,500 | $4,400 | $2,750 | $5,400 | $3,375 |
| Tier 3 | $3,000 | $2,500 | $3,300 | $2,750 | $4,050 | $3,375 |
| Tier 4 | $2,500 | $1,500 | $2,750 | $1,650 | $3,375 | $2,025 |
NYMEX Division Outright (Scan) Margins on Michigan Hub LMP – Off Peak
(HJ)
| Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
||||
New |
Old |
New |
Old |
New |
Old |
|
| HJ | $5,000 | $3,500 | $5,500 | $3,850 | $6,750 | $4,725 |