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April 26, 2008

NYMEX to change natural gas futures margins Monday – Reuters UK- Topic: News

Filed under: Uncategorized — Tony Spann @ 5:59 am

NEW YORK, April 25 (Reuters) – The New York Mercantile Exchange said Friday that it will change margins for its Henry Hub natural gas futures and other related natural gas futures contracts, effective at the close of business on April 28. Margins for the first and second months of the Henry Hub natural gas, natural gas penultimate financial, and natural gas last day financial futures contracts will increase to $7,250 from $6,250 for clearing members, to $7,975 from $6,875 for members, and to $9,788 from $8,438 for customers. Margins for the 11th to 22nd months 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. Margins for the 35th to 46th months will increase to $4,250 from $3,750 for clearing members, to $4,675 from $4,125 for members, and to $5,738 from $5,063 for customers. Margins for all other months will increase to $3,750 from $3,250 for clearing members, to $4,125 from $3,575 for members, and to $5,063 from $4,388 for customers. read more

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