05/05/2008
FUTURES CONTRACTS:
CONTRACT MONTHS: All Months
Contract Name Symbol CIG Basis Swap CI ANR OK Basis Swap NE Michigan Consolidated Gas Co. (MichCon) Basis Swap NF Houston Ship Channel Basis Swap NH San Juan Basis Swap NJ Sumas Basis Swap NK Natural Gas Pipeline Co. of America (NGPL) Mid-Con Basis Swap NL Northwest Pipeline, Rockies Basis Swap NR Texas Eastern Zone M-3 Basis Swap NX Transco Zone 6 Basis Swap NZ Northern Natural Gas Demarcation Basis Swap PE Ventura Basis Swap PF Panhandle Basis Swap PH El Paso Natural Gas Co. Permian Basin Basis Swap PM Centerpoint Basis PW
NOTE: The revised margin rates are in bold
NYMEX Division Margin Rates For Existing Natural Gas Basis Swaps
| |
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 |
$1,000 |
$1,650 |
$1,100 |
$2,025 |
$1,350 |
| Tier 2 | $1,500 |
$1,000 |
$1,650 |
$1,100 |
$2,025 |
$1,350 |
| Tier 3 | $750 |
$600 |
$825 |
$660 |
$1,013 |
$810 |
| Tier 4 | $500 |
$500 |
$550 |
$550 |
$675 |
$675 |
| Tier 5 | $500 |
$500 |
$550 |
$550 |
$675 |
$675 |
| ANR OK Basis Swap (NE) | ||||||
| Tier 1 | $750 |
$500 |
$825 |
$550 |
$1,013 |
$675 |
| Tier 2 | $400 |
$250 |
$440 |
$275 |
$540 |
$338 |
| Michigan Consolidated Gas Co. (MichCon) Basis Swap (NF) | ||||||
| Tier 1 | $400 |
$200 |
$440 |
$220 |
$540 |
$270 |
| Tier 2 | $250 |
$200 |
$275 |
$220 |
$338 |
$270 |
| Tier 3 | $200 |
$200 |
$220 |
$220 |
$270 |
$270 |
| Houston Ship Channel Basis Swap (NH) | ||||||
| Tier 1 | $400 |
$300 |
$440 |
$330 |
$540 |
$405 |
| Tier 2 | $200 |
$200 |
$220 |
$220 |
$270 |
$270 |
| Tier 3 | $200 |
$200 |
$220 |
$220 |
$270 |
$270 |
| Tier 4 | $100 |
$100 |
$110 |
$110 |
$135 |
$135 |
| Tier 5 | $100 |
$100 |
$110 |
$110 |
$135 |
$135 |
| San Juan Basis Swap (NJ) | ||||||
| Tier 1 | $750 |
$500 |
$825 |
$550 |
$1,013 |
$675 |
| Tier 2 | $500 |
$250 |
$550 |
$275 |
$675 |
$338 |
| Tier 3 | $250 |
$250 |
$275 |
$275 |
$338 |
$338 |
| Tier 4 | $250 |
$200 |
$275 |
$220 |
$338 |
$270 |
| Tier 5 | $250 |
$200 |
$275 |
$220 |
$338 |
$270 |
| Sumas Basis Swap (NK) | ||||||
| Tier 1 | $750 |
$500 |
$825 |
$550 |
$1,013 |
$675 |
| Tier 2 | $600 |
$500 |
$660 |
$550 |
$810 |
$675 |
| Tier 3 | $400 |
$400 |
$440 |
$440 |
$540 |
$540 |
| Natural Gas Pipeline Co. of America (NGPL) Mid-Con Basis Swap (NL) | ||||||
| Tier 1 | $600 |
$500 |
$660 |
$550 |
$810 |
$675 |
| Tier 2 | $400 |
$400 |
$440 |
$440 |
$540 |
$540 |
| Tier 3 | $300 |
$300 |
$330 |
$330 |
$405 |
$405 |
| Tier 4 | $300 |
$300 |
$330 |
$330 |
$405 |
$405 |
| Tier 5 | $200 |
$200 |
$220 |
$220 |
$270 |
$270 |
| Northwest Pipeline, Rockies Swap (NR) | ||||||
| Tier 1 | $1,200 |
$1,000 |
$1,320 |
$1,100 |
$1,620 |
$1,350 |
| Tier 2 | $1,000 |
$800 |
$1,100 |
$880 |
$1,350 |
$1,080 |
| Tier 3 | $800 |
$600 |
$880 |
$660 |
$1,080 |
$810 |
| Tier 4 | $600 |
$400 |
$660 |
$440 |
$810 |
$540 |
| Tier 5 | $400 |
$400 |
$440 |
$440 |
$540 |
$540 |
| Texas Eastern Zone M-3 Swap (NX) | ||||||
| Tier 1 | $500 |
$750 |
$550 |
$825 |
$675 |
$1,013 |
| Tier 2 | $500 |
$600 |
$550 |
$660 |
$675 |
$810 |
| Tier 3 | $500 |
$500 |
$550 |
$550 |
$675 |
$675 |
| Tier 4 | $300 |
$300 |
$330 |
$330 |
$405 |
$405 |
| Tier 5 | $200 |
$200 |
$220 |
$220 |
$270 |
$270 |
| Transco Zone 6 Basis Swap (NZ) | ||||||
| Tier 1 | $2,000 |
$3,000 |
$2,200 |
$3,300 |
$2,700 |
$4,050 |
| Tier 2 | $1,500 |
$2,000 |
$1,650 |
$2,200 |
$2,025 |
$2,700 |
| Tier 3 | $500 |
$700 |
$550 |
$770 |
$675 |
$945 |
| Tier 4 | $400 |
$400 |
$440 |
$440 |
$540 |
$540 |
| Tier 5 | $400 |
$400 |
$440 |
$440 |
$540 |
$540 |
| Northern Natural Gas Demarcation Basis Swap (PE) | ||||||
| Tier 1 | $600 |
$500 |
$660 |
$550 |
$810 |
$675 |
| Tier 2 | $400 |
$250 |
$440 |
$275 |
$540 |
$338 |
| Tier 3 | $250 |
$250 |
$275 |
$275 |
$338 |
$338 |
| Ventura Basis Swap (PF) | ||||||
| Tier 1 | $600 |
$500 |
$660 |
$550 |
$810 |
$675 |
| Tier 2 | $250 |
$250 |
$275 |
$275 |
$338 |
$338 |
| Tier 3 | $250 |
$250 |
$275 |
$275 |
$338 |
$338 |
| Panhandle Basis Swap (PH) | ||||||
| Tier 1 | $750 |
$500 |
$825 |
$550 |
$1,013 |
$675 |
| Tier 2 | $400 |
$350 |
$440 |
$385 |
$540 |
$473 |
| Tier 3 | $300 |
$300 |
$330 |
$330 |
$405 |
$405 |
| Tier 4 | $300 |
$300 |
$330 |
$330 |
$405 |
$405 |
| Tier 5 | $300 |
$300 |
$330 |
$330 |
$405 |
$405 |
| El Paso Natural Gas Co. Permian Basin Basis Swap (PM) | ||||||
| Tier 1 | $750 |
$500 |
$825 |
$550 |
$1,013 |
$675 |
| Tier 2 | $400 |
$350 |
$440 |
$385 |
$540 |
$473 |
| Tier 3 | $300 |
$300 |
$330 |
$330 |
$405 |
$405 |
| Tier 4 | $300 |
$300 |
$330 |
$330 |
$405 |
$405 |
| Tier 5 | $300 |
$300 |
$330 |
$330 |
$405 |
$405 |
| Centerpoint Basis (PW) | ||||||
| Tier 1 | $750 |
$500 |
$825 |
$550 |
$1,013 |
$675 |
| Tier 2 | $300 |
$250 |
$330 |
$275 |
$405 |
$338 |