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NYMEX changes margins for Petroeum Swaps Contracts

09 Apr 2008 10:57 GMT

Margins for fuel oil and gas oil swap futures contracts are affected by changes.



The New York Mercantile Exchange, Inc. has announced margin changes for some of its crude oil and petroleum product swap futures contracts on NYMEX ClearPort.

The margins for the European gasoil bullet swap futures contract will increase to $65,000 from $45,000 for clearing members, to $71,500 from $49,500 for members, and to $87,750 from $60,750 for customers.

Margins for the WTI-Brent (ICE) calendar swap futures contract will increase to $1,600 from $1,000 for clearing members, to $1,760 from $1,100 for members, and to $2,160 from $1,350 for customers.

The margins for the WTI-Brent (ICE) bullet swap futures contract will increase to $1,800 from $1,000 for clearing members, to $1,980 from $1,100 for members, and to $2,430 from $1,350 for customers.

Margins for the Brent-Dubai swap futures contract will increase to $4,000 from $2,500 for clearing members, to $4,400 from $2,750 for members, and to $5,400 from $3,375 for customers.

Margins for the Dubai crude oil calendar swap (Platts) futures contract will increase to $7,500 from $5,500 for clearing members, to $8,250 from $6,050 for members, and to $10,125 from $7,425 for customers.

The margins for the European gasoil 0.2 FOB Mediterranean vs. gasoil swap futures contract will increase to $7,000 from $6,000 for clearing members, to $7,700 from $6,600 for members, and to $9,450 from $8,100 for customers.

Margins for the European ultra low sulfur diesel 50 PPM CIF Mediterranean swap futures contract will increase to $60,000 from $32,000 for clearing members, to $66,000 from $35,200 for members, and to $81,000 from $43,200 for customers.

The margins for the European gasoil 0.2 Rotterdam barges vs. gasoil swap futures contract will increase to $6,000 from $5,000 for clearing members, to $6,600 from $5,500 for members, and to $8,100 from $6,750 for customers.

The margins for the first month of the East-West fuel oil spread swap futures contract will increase to $10,000 from $7,000 for clearing members, to $11,000 from $7,700 for members, and to $13,500 from $9,450 for customers. The margins for all other months will remain the same.

Margins for the 1% fuel oil Northwest Europe crack spread swap and 3.5% fuel oil Rotterdam crack swap futures contracts will increase to $6,000 from $4,500 for clearing members, to $6,600 from $4,950 for members, and to $8,100 from $6,075 for customers.

The margins for the Singapore gasoil vs. Rotterdam gasoil swap futures contract will increase to $5,000 from $2,500 for clearing members, to $5,500 from $2,750 for members, and to $6,750 from $3,375 for customers.

Margins for the Gulf Coast heating oil calendar swap futures contract will decrease to $2,000 from $3,000 for clearing members, to $2,200 from $3,300 for members, and to $2,700 from $4,050 for customers.

Margins for the European gasoil 10 PPM Rotterdam barges swap futures contract will increase to $60,000 from $35,000 for clearing members, to $66,000 from $38,500 for members, and to $81,000 from $47,250 for customers.

Margins for the European gasoil (ICE) calendar swap futures contract will increase to $60,000 from $40,000 for clearing members, to $66,000 from $44,000 for members, and to $81,000 from $54,000 for customers. Margins for all other months will remain unchanged.

The margins for the Gulf Coast ultra low sulfur diesel crack spread swap (Platts) futures contract will increase to $5,000 from $3,000 for clearing members, to $5,500 from $3,300 for members, and to $6,750 from $4,050 for customers.

The margins for the Gulf Coast low sulfur diesel swap (Platts) futures contract will increase to $8,000 from $5,000 for clearing members, to $8,800 from $5,500 for members, and to $10,800 from $6,750 for customers.

The margins for the Gulf Coast ultra low sulfur diesel swap (Platts) futures contract will increase to $8,000 from $6,000 for clearing members, to $8,800 from $6,600 for members, and to $10,800 from $8,100 for customers.

Margins for the Gulf Coast Jet vs. New Harbor No.2 heating oil spread swap (Platts) and Singapore jet kerosene vs. gasoil spread swap (Platts) futures contracts will increase to $2,000 from $1,500 for clearing members, to $2,200 from $1,650 for members, and to $2,700 from $2,025 for customers.

Margins for the Gulf Coast No. 6 fuel 3.0% sulfur swap (Platts) futures contract will increase to $5,500 from $5,000 for clearing members, to $6,050 from $5,500 for members, and to $7,425 from $6,750 for customers.

The margins for New York Harbor residual fuel 1% sulfur swap (Platts) futures contract will increase to $5,000 from $4,200 for clearing members, to $5,500 from $4,620 for members, and to $6,750 from $5,670 for customers.

Margins for the Russian export blend crude oil futures contract will increase to $7,500 from $5,000 for clearing members, to $8,250 from $5,500 for members, and to $10,125 from $6,750 for customers.

The margins for the RBOB vs. heating oil futures contract will increase to $7,000 from $3,000 for clearing members, to $7,700 from $3,300 for members, and to $9,450 from $4,050 for customers.

Margins for the Singapore gasoil calendar swap futures contract will increase to $7,000 from $6,000 for clearing members, to $7,700 from $6,600 for members, and to $9,450 from $8,100 for customers.

Margins for the European 1% fuel oil calendar swap (Northwest Europe) and European 1% fuel oil Rotterdam calendar swap futures contracts will increase to $24,000 from $22,000 for clearing members, to $26,400 from $24,200 for members, and to $32,400 from $29,700 for customers.

Margins for the Brent (ICE) calendar swap, Brent bullet swap, and Brent crude oillast day futures contracts will increase to $7,000 from $5,250 for clearing members, to $7,700 from $5,775 for members, and to $9,450 from $7,088 for customers.




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