The New York Mercantile Exchange, Inc., today announced margin changes for its NYISO Zone A peak electricity futures, NYISO Zone G peak electricity futures, and NYISO Zone J peak electricity futures contracts, effective at the close of business tomorrow.
The margins on the first month of the NYISO Zone A peak electricity and NYISO Zone G peak electricity futures contracts will remain unchanged. The margins on all other months will increase to $6,000 from $4,000 for clearing members, to $6,600 from $4,400 for members, and to $8,100 from $5,400 for customers.
The margins on the first month of the NYISO Zone J peak futures contract will remain unchanged. The margins on all other months 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 intracommodity margins on the first month of the NYISO Zone A peak, NYISO Zone G peak, NYISO Zone J peak electricity futures contracts will decrease to $500 from $1,000 for clearing members, to $550 from $1,100 for members, and to $675 from $1,350 for customers. The margins on all other months will increase to $1,500 from $1,000 for clearing members, to $1,650 from $1,100 for members, and to $2,025 from $1,350 for customers.
FTSE Mondo Visione Exchanges Index:
Nymex To Change Margins For Financially Settled Electricity Contracts
Date 29/12/2005