NEW YORK, July 28 (Reuters) - The New York Mercantile Exchange (NYMEX) said Monday that it will change some margins for its Henry Hub natural gas futures and other related natural gas futures contracts, effective at the close of business on Tuesday.
Margins for the first and second months of the natural gas, natural gas penultimate financial, and natural gas last day financial futures contracts will remain unchanged.
The margins for the third to seventh months will decrease to $8,750 from $9,000 for clearing members, to $9,625 from $9,900 for members, and to $11,813 from $12,150 for customers.
Margins for the eighth to 14th months will decrease to $5,500 from $9,250 for clearing members, to $6,050 from $10,175 for members, and to $7,425 from $12,488 for customers.
The margins for the 15th to 19th months will decrease to $5,750 from $6,000 for clearing members, to $6,325 from $6,600 for members, and to $7,763 from $8,100 for customers.
Margins for the 20th to 31st months will decrease to $4,250 from $6,000 for clearing members, to $4,675 from $6,600 for members, and to $5,738 from $8,100 for customers.
The margins for the 32nd to 43rd months will decrease to $4,000 from $4,750 for clearing members, to $4,400 from $5,225 for members, and to $5,400 from $6,413 for customers.
Margins for the 44th to 55th months will decrease to $3,750 from $4,500 for clearing members, to $4,125 from $4,950 for members, and to $5,063 from $6,075 for customers.
Margins for all other months will decrease to $3,500 from $4,000 for clearing members, to $3,850 from $4,400 for members, and to $4,725 from $5,400 for customers.
Margin changes for other natural gas contracts including NYMEX miNY, Henry Hub swap and penultimate swap futures contracts can be found on the exchange Web site www.nymex.com.
Tuesday, July 29, 2008
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