Tue 8 Jul 2008, 10:15 GMT

NYMEX changes margins for fuel oil contracts


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



The New York Mercantile Exchange, Inc.(NYMEX) has announced margin changes for some of its crude oil and petroleum product swap futures contracts on NYMEX ClearPort, beginning at the close of business today.

Margins for the European gasoil bullet swap futures contract will increase to $90,000 from $60,000 for clearing members, to $99,000 from $66,000 for members, and to $121,500 from $81,000 for clearing members.

Margins for the Dubai crude oil calendar swap (Platts) futures contract will increase to $11,000 from $8,000 for clearing members, to $12,100 from $8,800 for members, and to $14,850 from $10,800 for customers.

The margins for the European gasoil 0.2 CIF Northwest Europe vs. gasoil swap futures contract will increase to $3,000 from $2,000 for clearing members, to $3,300 from $2,200 for members, and to $4,050 from $2,700 for customers.

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

The margins for the European gasoil 0.2 FOB Mediterranean vs. gasoil swap futures contract will increase to $9,000 from $6,000 for clearing members, to $9,900 from $6,600 for members, and to $12,150 from $8,100 for customers.

Margins for the European gasoil 0.2 Rotterdam barges vs. gasoil swap futures contract 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 1% fuel oil Northwest Europe crack spread swap futures contract will increase to $9,000 from $7,000 for clearing members, to $9,900 from $7,700 for members, and to $12,150 from $9,450 for customers.

The margins for the 3.5% fuel oil Rotterdam crack swap futures contract will increase to $8,500 from $7,000 clearing members, to $9,350 from $7,700 for members, and to $11,475 from $9,450 for customers.

Margins for the high-low sulfur fuel oil spread swap futures (Platts) contract will increase to $10,000 from $8,000 clearing members, to $11,000 from $8,800 for members, and to $13,500 from $10,800 for customers.

The margins for the dated-to-frontline Brent swap futures contract will increase to $1,000 from $900 clearing members, to $1,100 from $990 for members, and to $1,350 from $1,215 for customers.

Margins for the Singapore gasoil vs. Rotterdam gasoil swap futures contract will increase to $5,000 from $3,000 for clearing members, to $5,500 from $3,300 for members, and to $6,750 from $4,050 for customers.

The margins for the European gasoil 10 PPM Rotterdam barges swap and European gasoil (ICE) calendar swap futures contracts will increase to $90,000 from $60,000 for clearing members, to $99,000 from $66,000 for members, and to $121,500 from $81,000 for customers.

Margins for the Gulf Coast ultra low sulfur diesel crack spread swap (Platts) futures contract will decrease to $7,000 from $8,000 for clearing members, to $7,700 from 8,800 for members, and to $9,450 from $10,800 for customers.

The margins for the European gasoil crack spread swap futures contract will increase to $10,000 from $8,000 for clearing members, to $11,000 from $8,800 for members, and to $13,500 from $10,800 for customers.

Margins for the Singapore 380cst fuel oil futures contract will increase to $4,500 from $4,000 for clearing members, to $4,950 from $4,400 for members, and to $6,075 from $5,400 for customers.

Margins for the Gulf Coast No. 6 fuel 3.0% sulfur swap (Platts) futures contract will increase to $8,000 from $5,500 for clearing members, to $8,800 from $6,050 for members, and to $10,800 from $7,425 for customers.

The margins for the Gulf Coast No. 6 fuel oil crack swap (Platts) futures contract will increase to $4,500 from $4,000 for clearing members, to $4,950 from $4,400 for members, and to $6,075 from $5,400 for customers.

Margins for the New York Harbor residual fuel 1.0% sulfur swap (Platts) futures contract will increase to $8,000 from $5,500 for clearing members, to $8,800 from $6,050 for members, and to $10,800 from $7,425 for customers.

The margins for the Gulf Coast No.2 heating oil crack spread calendar swap (Platts) futures contract 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.

Margins for the Russian export blend crude oil futures contract will increase to $12,000 from $8,000 for clearing members, to $13,200 from $8,800 for members, and to $16,200 from $10,800 for customers.

The margins for the Singapore fuel oil spread swap (Platts) futures contract 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.

Margins for the Singapore fuel oil 380cst calendar swap (Platts) futures contract will increase to $40,000 from $30,000 for clearing members, to $44,000 from $33,000 for members, and to $54,000 from $40,500 for customers.

The margins for the Singapore gasoil calendar swap (Platts) futures contract will increase to $12,000 from $8,000 for clearing members, to $13,200 from $8,800 for members, and to $16,200 from $10,800 for customers.

Margins for the gasoil 10 PPM 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 Singapore fuel oil 180cst calendar swap futures contract will increase to $40,000 from $21,000 for clearing members, to $44,000 from $23,100 for members, and to $54,000 from $28,350 for customers.

Margins for the European 1% fuel oil calendar swap (Northwest Europe) and European 1% fuel oil Rotterdam calendar swap futures contracts will increase to $45,000 from $35,000 for clearing members, to $49,500 from $38,500 for members, and to $60,750 from $47,250 for customers.

Margins for the European 3.5% fuel oil Mediterranean calendar swap futures contract will increase to $40,000 from $20,000 for clearing members, to $44,000 from $22,000 for members, and to $54,000 from $27,000 for customers.

Margins for the European 3.5% fuel oil Rotterdam calendar swap futures contract will increase to $40,000 from $35,000 clearing members, to $44,000 from $38,500 for members, and to $54,000 from $47,250 for customers.

Margins for the gasoil 0.1 barges FOB Rotterdam swap futures contract will increase to $80,000 from $41,000 for clearing members, to $88,000 from $45,100 for members, and to $108,000 from $55,350 for customers.

The margins for the New York 0.3% fuel oil swap futures contract will increase to $10,000 from $5,000 for clearing members, to $11,000 from $5,500 for members, and to $13,500 from $6,750 for customers.

Margins for the gasoil 0.1 barges FOB Rotterdam 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.


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