Notice to Members
Notice No. 55
02/11/2008
Outright (SCAN) Margin Rate Changes for the Existing Natural Gas Basis and Index Swap Contracts
EFFECTIVE DATE:    Tuesday, February 12, 2008 (close of business)

FUTURES CONTRACTS:
CIG Basis Swap CI
ANR Oklahoma Swap NE
San Juan Basis Swap NJ
Northwest Pipeline, Rockies Basis Swap NR
Waha Basis Swap NW
Texas Eastern Zone M-3 Basis Swap NX
Transco Zone 6 Basis Swap NZ
Pacific Gas & Electric (PG&E) Citygate Basis Swap PC
Natural Gas Pipeline Co. of America (NGPL) TexOk Basis Swap PD
Northern Natural Gas Demarcation Basis Swap PE
Northern Natural Gas Ventura Basis Swap PF
Panhandle Basis Swap PH
Permian Basis Swap PM
Transco Zone 6 Natural Gas Index Swap IT
TETCO M-3 Index Swap IX
CONTRACT MONTHS: All Months

NOTE: The revised margin rates are in bold


NYMEX Division Outright (Scan) Margins for Existing Natural Gas Basis Swaps
 
Natural Gas Basis Financial
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
CIG Rockies  Swap (CI)            
    Tier 1
$1,500
$1,800
$1,650
$1,980
$2,025
$2,430
    Tier 2
$1,500
$2,000
$1,650
$2,200
$2,025
$2,700
    Tier 3
$600
$600
$660
$660
$810
$810
    Tier 4
$400
$400
$440
$440
$540
$540
    Tier 5
$400
$400
$440
$440
$540
$540
ANR Oklahoma Swap (NE)
 
 
 
 
 
 
    Tier 1
$500
$600
$550
$660
$675
$810
    Tier 2
$250
$300
$275
$330
$338
$405
San Juan  Swap (NJ)
 
 
 
 
 
 
    Tier 1
$500
$600
$550
$660
$675
$810
    Tier 2
$250
$250
$275
$275
$338
$338
    Tier 3
$250
$250
$275
$275
$338
$338
    Tier 4
$200
$200
$220
$220
$270
$270
    Tier 5
$200
$200
$220
$220
$270
$270
Northwest Pipeline, Rockies  Swap (NR)
 
 
 
 
 
 
    Tier 1
$1,200
$1,500
$1,320
$1,650
$1,620
$2,025
    Tier 2
$1,000
$1,200
$1,100
$1,320
$1,350
$1,620
    Tier 3
$500
$500
$550
$550
$675
$675
    Tier 4
$200
$200
$220
$220
$270
$270
    Tier 5
$200
$200
$220
$220
$270
$270
Waha Swap (NW)
 
 
 
 
 
 
    Tier 1
$500
$700
$550
$770
$675
$945
    Tier 2
$300
$400
$330
$440
$405
$540
    Tier 3
$200
$200
$220
$220
$270
$270
    Tier 4
$200
$200
$220
$220
$270
$270
    Tier 5
$200
$200
$220
$220
$270
$270
Texas Eastern Zone M-3 Swap (NX)
 
 
 
 
 
 
    Tier 1
$1,500
$1,000
$1,650
$1,100
$2,025
$1,350
    Tier 2
$600
$500
$660
$550
$810
$675
    Tier 3
$300
$300
$330
$330
$405
$405
    Tier 4
$200
$200
$220
$220
$270
$270
    Tier 5
$200
$200
$220
$220
$270
$270
Transco Zone 6  Swap (NZ)
 
 
 
 
 
 
    Tier 1
$3,500
$4,000
$3,850
$4,400
$4,725
$5,400
    Tier 2
$2,500
$3,000
$2,750
$3,300
$3,375
$4,050
    Tier 3
$750
$1,000
$825
$1,100
$1,013
$1,350
    Tier 4
$500
$500
$550
$550
$675
$675
    Tier 5
$500
$500
$550
$550
$675
$675
PG&E Citygate Swap (PC)
 
 
 
 
 
 
    Tier 1
$500
$700
$550
$770
$675
$945
    Tier 2
$300
$400
$330
$440
$405
$540
    Tier 3
$250
$250
$275
$275
$338
$338
NGPL Tex / OK Swap (PD)
 
 
 
 
 
 
    Tier 1
$500
$600
$550
$660
$675
$810
    Tier 2
$250
$350
$275
$385
$338
$473
    Tier 3
$250
$250
$275
$275
$338
$338
    Tier 4
$300
$300
$330
$330
$405
$405
    Tier 5
$200
$200
$220
$220
$270
$270
Northern Natural Gas Demarcation Swap (PE)
 
 
 
 
 
 
    Tier 1
$500
$600
$550
$660
$675
$810
    Tier 2
$250
$350
$275
$385
$338
$473
    Tier 3
$250
$250
$275
$275
$338
$338
Northern Natural Gas Ventura, Iowa Swap (PF)
 
 
 
 
 
 
    Tier 1
$500
$600
$550
$660
$675
$810
    Tier 2
$250
$350
$275
$385
$338
$473
    Tier 3
$250
$250
$275
$275
$338
$338
Panhandle (PH)
 
 
 
 
 
 
    Tier 1
$500
$600
$550
$660
$675
$810
    Tier 2
$350
$400
$385
$440
$473
$540
    Tier 3
$300
$300
$330
$330
$405
$405
    Tier 4
$300
$300
$330
$330
$405
$405
    Tier 5
$300
$300
$330
$330
$405
$405
Permian (PM)
 
 
 
 
 
 
    Tier 1
$500
$800
$550
$880
$675
$1,080
    Tier 2
$350
$400
$385
$440
$473
$540
    Tier 3
$300
$300
$330
$330
$405
$405
    Tier 4
$300
$300
$330
$330
$405
$405
    Tier 5
$300
$300
$330
$330
$405
$405


NYMEX Division Margin Rates For Existing Natural Gas Index Swaps
 
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
Transco Zone 6 Natural Gas Index Swap (IT)
 
 
 
 
 
 
    Tier 1
$8,000
$5,000
$8,800
$5,500
$10,800
$6,750
    Tier 2
$2,000
$1,000
$2,200
$1,100
$2,700
$1,350
    Tier 3
$100
$100
$110
$110
$135
$135
TETCO M-3 Natural Gas Index Swap (IX)
 
 
 
 
 
 
    Tier 1
$4,000
$2,000
$4,400
$2,200
$5,400
$2,700
    Tier 2
$1,000
$200
$1,100
$220
$1,350
$270
    Tier 3
$100
$100
$110
$110
$135
$135

This notice supersedes all previous notices regarding these margin rates.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com