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Thu 7 Aug 2008, 12:21 GMT

NYMEX changes margins for fuel oil contracts


New margins for fuel oil and gasoil contracts will come into effect from today.



The New York Mercantile Exchange, Inc. has announced margin changes for some of its fuel oil and other petroleum related futures contracts on NYMEX ClearPort®, which came into effectc at the close of business yesterday.

Margins for the Singapore fuel oil 380cst calendar swap (Platts) futures contract will decrease to $35,000 from $40,000 for clearing members, to $38,500 from $44,000 for members, and to $47,250 from $54,000 for customers.

The margins for the Singapore gasoil calendar swap (Platts) futures contract will decrease to $11,000 from $12,000 for clearing members, to $12,100 from $13,200 for members, and to $14,850 from $16,200 for customers.

Margins for the gasoil 0.1 cargoes CIF Northwest Europe vs. ICE gasoil swap futures contract will decrease to $10,000 from $12,000 for clearing members, to $11,000 from $13,200 for members, and to $13,500 from $16,200 for clearing members.

Margins for the gasoil 0.1 barges FOB Rotterdam vs. ICE gasoil swap futures contract will decrease to $8,000 from $10,000 for clearing members, to $8,800 from $11,000 for members, and to $10,800 from $13,500 for customers.

Margins for the European gasoil (ICE) calendar swap futures contract will decrease to $85,000 from $90,000 for clearing members, to $93,500 from $99,000 for members, and to $114,750 from $121,500 for customers.

Margins for the European 1% fuel oil Rotterdam calendar swap futures contract will decrease to $40,000 from $45,000 for clearing members, to $44,000 from $49,500 for members, and to $54,000 from $60,750 for customers.

The margins for the 3.5% fuel oil Rotterdam crack swap futures contract will increase to $9,000 from $8,500 clearing members, to $9,900 from $9,350 for members, and to $12,150 from $11,475 for customers.

Margins for the high-low sulfur fuel oil spread swap futures (Platts) contract will increase to $15,000 from $10,000 clearing members, to $16,500 from $11,000 for members, and to $20,250 from $13,500 for customers.

Margins for the Singapore gasoil vs. Rotterdam gasoil swap and the European Argus gasoline crack spread swap futures contracts will decrease to $4,000 from $5,000 for clearing members, to $4,400 from $5,500 for members, and to $5,400 from $6,750 for customers.

Margins for the European gasoil bullet swap futures contract will decrease to $85,000 from $90,000 for clearing members, to $93,000 from $99,000 for members, and to $114,750 from $121,500 for clearing members.

The margins for the European gasoil 0.2 CIF Northwest Europe vs. gasoil swap futures contract will increase to $4,000 from $3,000 for clearing members, to $4,400 from $3,300 for members, and to $5,400 from $4,050 for customers.

Margins for the European ultra low sulfur diesel 50 PPM CIF Mediterranean vs. gasoil and the European gasoil 0.2 FOB Mediterranean vs. gasoil swap futures contracts will decrease to $8,000 from $9,000 for clearing members, to $8,800 from $9,900 for members, and to $10,800 from $12,150 for customers.

The margins for the European gasoil 10 PPM Rotterdam barges vs. gasoil futures contract will decrease to $7,000 from $9,000 for clearing members, to $7,700 from $9,900 for members, and to $9,450 from $12,150 for customers.

Margins for the European ultra low sulfur diesel 50 PPM CIF Northwest Europe vs. gasoil, the RBOB vs. heating oil swap, and the Gulf Coast ultra low sulfur diesel crack spread swap (Platts) futures contracts will decrease to $6,000 from $7,000 for clearing members, to $6,600 from $7,700 for members, and to $8,100 from $9,450 for customers.

The margins for the European gasoil 10 PPM Rotterdam barges swap futures contract will decrease to $88,000 from $90,000 for clearing members, to $96,800 from $99,000 for members, and to $118,800 from $121,500 for customers.

The margins for the European gasoil crack spread swap futures contract will decrease to $9,000 from $10,000 for clearing members, to $9,900 from $11,000 for members, and to $12,150 from $13,500 for customers.

Margins for the Gulf Coast low sulfur diesel swap (Platts) and Gulf Coast ultra low sulfur diesel swap (Platts) futures contracts will decrease to $13,000 from $14,000 for clearing members, to $14,300 from $15,400 for members, and to $17,550 from $18,900 for customers.

The margins for the Gulf Coast No. 6 fuel oil crack swap (Platts) futures contract 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.


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