03/19/2008
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 New York Harbor Gasoline Blendstock
(RBOB) Futures Contract (RB), RBOB Gasoline – Financial Contract (RT)
and RBOB Calendar Swap (RL)
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
1 |
$6,500 |
$6,000 |
$7,150 |
$6,600 |
$8,775 |
$8,100 |
2 |
$6,000 |
$5,500 |
$6,600 |
$6,050 |
$8,100 |
$7,425 |
3 |
$5,000 |
$4,750 |
$5,500 |
$5,225 |
$6,750 |
$6,413 |
4 |
$4,750 |
$4,500 |
$5,225 |
$4,950 |
$6,413 |
$6,075 |
NYMEX Division Outright (Scan) Margins on NYMEX miNY™Gasoline (QU)
| Tiers |
Clearing Member / Maintenance
Margin |
Member Customer Initial Margin |
Non-Member Customer Initial Margin |
|||
New |
Old |
New |
Old |
New |
Old |
|
1 |
$3,250 |
$3,000 |
$3,575 |
$3,300 |
$4,388 |
$4,050 |
2 |
$3,000 |
$2,750 |
$3,300 |
$3,025 |
$4,050 |
$3,713 |
3 |
$2,500 |
$2,375 |
$2,750 |
$2,613 |
$3,375 |
$3,206 |
4 |
$2,375 |
$2,250 |
$2,613 |
$2,475 |
$3,206 |
$3,038 |
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 $ 750 starting on Thursday, March 20, 2008.
| One Long Tier 1 RB | (1 * $6,500) | = | $6,500 |
| One Short Tier 2 RB | (1 * $6,000) | = | $6,000 |
| Net Scan Risk | ($6,500-$6,000) | = | $500 |
| Spread Rate | (1* $ 250) | = + | $250 |
| Total Requirement | = | $750 | |
| Summary | |||
| Clearing Member (Maintenance Margin): | $750 | ||
| Member Customer (Initial Margin): | $825 | ||
| Non-Member Customer (Initial Margin): | 1,013 |
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.