Notice to Members
Notice No. 280
05/30/2008
DME Announces Margin Rate and Tier Changes for DME Oman Crude Oil Futures Contract
EFFECTIVE DATE:     Monday, June 2, 2008 (close of business)

FUTURES CONTRACTS: DME Oman Crude Oil Futures Contract (OQ)

CONTRACT MONTHS: All Months

NOTE: The revised margin rates are in bold


OQ Intra-Commodity Spread Tiers
 
Tiers
New
Old
1
1st Nearby
1st Nearby
2
2nd - 18th Nearby
2nd - 5th Nearby
3
19th - 42nd Nearby
6th – 12th Nearby
4
Greater than 42nd Nearby
Greater than 12th Nearby


OQ Intra-Commodity Spread Margins
 
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
1
$450
$400
$495
$440
$608
$540
2
$400
$250
$440
$275
$540
$338
3
$300
$150
$330
$165
$405
$203
4
$300
$100
$330
$110
$405
$135


NYMEX Clearinghouse Outright (Scan) Margins on OQ
 
 
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
OQ
$7,800
$7,500
$8,580
$8,250
$10,530
$10,125
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com