Notice to Members
Notice No. 316
06/13/2008
Outright (SCAN) Margin Rate Changes for Financially-Settled Electricity Contracts

Effective Date: Monday , June 16, 2008 (close of business)

Contracts: NYISO Zone A – Peak (KA), NYISO Zone G – Peak (KG), and NYISO Zone J – Peak (KJ)

Contract Months: All Months

NOTE: The revised margins are in bold.

 

NYMEX Division Outright (Scan) Margins on NYISO Zone A – Peak (KA)

Tiers

Clearing Member / Maintenance Margin

Member Customer Initial Margin

Non-Member Customer Initial Margin

 

New

Old

New

Old

New

Old

Tier 1: 1st Nearby

$3,000

$2,500

$3,300

$2,750

$4,050

$3,375

Tier 2: 2nd - 6th Nearby

$3,500

$3,000

$3,850

$3,300

$4,725

$4,050

Tier 3: 7th - 11th Nearby

$2,500

$2,500

$2,750

$2,750

$3,375

$3,375

Tier 4: Greater than 11th Nearby

$2,000

$2,000

$2,200

$2,200

$2,700

$2,700


NYMEX Division Outright (Scan) Margins on NYISO Zone G – Peak (KG)

Tiers

Clearing Member / Maintenance Margin

Member Customer Initial Margin

Non-Member Customer Initial Margin

 

New

Old

New

Old

New

Old

Tier 1: 1st Nearby

$4,000

$3,000

$4,400

$3,300

$5,400

$4,050

Tier 2: 2nd - 6th Nearby

$4,500

$4,000

$4,950

$4,400

$6,075

$5,400

Tier 3: 7th - 11th Nearby

$4,000

$4,000

$4,400

$4,400

$5,400

$5,400

Tier 4: Greater than 11th Nearby

$3,000

$3,000

$3,300

$3,300

$4,050

$4,050


NYMEX Division Outright (Scan) Margins on NYISO Zone J – Peak (KJ)

Tiers

Clearing Member / Maintenance Margin

Member Customer Initial Margin

Non-Member Customer Initial Margin

 

New

Old

New

Old

New

Old

Tier 1: 1st Nearby

$4,000

$3,000

$4,400

$3,300

$5,400

$4,050

Tier 2: 2nd - 6th Nearby

$4,500

$4,000

$4,950

$4,400

$6,075

$5,400

Tier 3: 7th - 11th Nearby

$4,000

$4,000

$4,400

$4,400

$5,400

$5,400

Tier 4: Greater than 11th Nearby

$3,000

$3,000

$3,300

$3,300

$4,050

$4,050

Should you have any questions or require any further information, please contact exchangeinfo@nymex.com