Notice to Members
Notice No. 347
07/02/2008
Outright (SCAN) Margin Rates Change for the Existing Natural Gas Swing Swap Contracts
EFFECTIVE DATE:     Thursday, July 3, 2008 (close of business)

FUTURES CONTRACTS:
SoCal Natural Gas Swing Swap(SF), San Juan Natural Gas Swing Swap(SJ), El Paso/Permian Swing Swap(SL), Kern Opal Natural Gas Swing Swap(SR), Panhandle Swing Swap(SV), TETCO M-3 Natural Gas Swing Swap(SX), Waha Swing Swap(SY), NGPL Midcon Natural Gas Swing Swap(PX), Ventura Natural Gas Swing Swap(VS)
CONTRACT MONTHS: All Months

NOTE: The revised margin rates are in bold


NYMEX Division Outright (Scan) Margins for Existing Natural Gas Swing Swaps
 
All Nearby Contracts
Clearing Member / Maintenance Margin
Member Customer Initial Margin
Non-Member Customer Initial Margin
 
New
Old
New
Old
New
Old
 SoCal Natural Gas Swing Swap(SF)
$3,500
$3,000
$3,850
$3,300
$4,725
$4,050
San Juan Natural Gas Swing Swap(SJ)
$4,000
$3,000
$4,400
$3,300
$5,400
$4,050
 El Paso/Permian Swing Swap(SL)
$4,500
$4,000
$4,950
$4,400
$6,075
$5,400
 Kern Opal Natural Gas Swing Swap(SR)
$6,000
$7,000
$6,600
$7,700
$8,100
$9,450
 Panhandle Swing Swap(SV)
$3,000
$2,000
$3,300
$2,200
$4,050
$2,700
 TETCO M-3 Natural Gas Swing Swap(SX)
$4,000
$5,000
$4,400
$5,500
$5,400
$6,750
 Waha Swing Swap(SY)
$2,500
$2,000
$2,750
$2,200
$3,375
$2,700
 NGPL Midcon Natural Gas Swing Swap(PX)
$4,000
$2,000
$4,400
$2,200
$5,400
$2,700
 Ventura Natural Gas Swing Swap(VS)
$3,500
$2,000
$3,850
$2,200
$4,725
$2,700


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