The New York Mercantile Exchange, Inc. today announced margin changes for its natural gas swing and index swap futures contracts, beginning at the close of business tomorrow.
Margins for the SoCal natural gas swing swap futures contract will decrease to $3,000 from $3,500 for clearing members, to $3,300 from $3,850 for members, and to $4,050 from $4,725 for customers.
Margins for the San Juan natural gas swing swap futures contract will decrease to $3,000 from $4,000 for clearing members, to $3,300 from $4,400 for members, and to $4,050 from $5,400 for customers.
Margins for the El Paso/Permian swing swap futures contract will decrease to $3,000 from $4,500 for clearing members, to $3,300 from $4,950 for members, and to $4,050 from $6,075 for customers.
Margins for the Kern Opal natural gas swing swap futures contract will decrease to $3,000 from $6,000 for clearing members, to $3,300 from $6,600 for members, and to $4,050 from $8,100 for customers.
Margins for the Panhandle swing 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 TETCO M-3 natural gas swing swap futures contract will decrease to $2,000 from $4,000 for clearing members, to $2,200 from $4,000 for members, and to $2,700 from $5,400 for customers.
Margins for the Waha swing swap futures contract will decrease to $2,000 from $2,500 for clearing members, to $2,200 from $2,750 for members, and to $2,700 from $3,375 for customers.
Margins for the Ventura natural gas swing swap futures contract will decrease to $2,000 from $3,500 for clearing members, to $2,200 from $3,850 for members, and to $2,700 from $4,725 for customers.
Margins for the Transco Zone 6 daily swing swap futures contract will decrease to $4,000 from $9,000 for clearing members, to $4,400 from $9,900 for members, and to $5,400 from $12,150 for customers.
Margins for the Transco Zone 6 index swap futures contract will decrease to $4,000 from $8,000 for clearing members, to $4,400 from $8,800 for members, and to $5,400 from $10,800 for customers.