The New York Mercantile Exchange, Inc. today announced margin changes for some of its seasonal and annual nitrogen oxide emission allowance futures contracts, beginning at the close of business on May 16.
Margins for the 2009 and 2012 vintages of the seasonal nitrogen oxide emission allowance futures contract will increase to $1,300 from $800 for clearing members, to $1,430 from $880 for members, and to $1,755 from $1,080 for customers.
Margins for the 2010 vintage of the annual nitrogen oxide emission allowance 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.