NYMEX.com: New York Independent System Operator (NYISO) Zone J Locational Based Monthly Peak Swap Futures

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New York Independent System Operator (NYISO) Zone J Locational Based Monthly Peak Swap Futures



		All NYSIO

		Description


		Settlements


		NERC Holidays


		Terms & Conditions



		Monthly Peak

		Specifications


		Margins


		Termination Schedule



		Monthly Off-Peak

		Specifications


		Margins


		Termination Schedule



		Daily Peak

		Specifications


		Margins

NYISO Zone J LBMP Monthly Peak Swap

	Non-Member Customer Initial				Member Customer Initial				Clearing Member and Customer Maintenance				Assessments Spot Month



	Tier 1: $6,750				Tier 1: $5,500				Tier 1: $5,000				$3,500†

	Non-Member Customer Initial				Member Customer Initial				Clearing Member and Customer Maintenance				Assessments Spot Month



	Tier 2: $4,725				Tier 2: $3,850				Tier 2: $3,500				$3,500†

	Non-Member Customer Initial				Member Customer Initial				Clearing Member and Customer Maintenance				Assessments Spot Month



	Tier 3: $4,050				Tier 3: $3,300				Tier 3: $3,000				$3,500†

	Non-Member Customer Initial				Member Customer Initial				Clearing Member and Customer Maintenance				Assessments Spot Month



	Tier 4: $2,700				Tier 4: $2,200				Tier 4: $2,000				$3,500†

	Non-Member Customer Initial				Member Customer Initial				Clearing Member and Customer Maintenance				Assessments Spot Month



	Straddle (Tier 1): $675				Straddle (Tier 1): $550				Straddle (Tier 1): $500				N/A

	Non-Member Customer Initial				Member Customer Initial				Clearing Member and Customer Maintenance



	Straddle (Tier 2): $135				Straddle (Tier 2): $110				Straddle (Tier 2): $100

	Spread				Priority				Ratio				Credit



	KJ:NG				69				1:2				60


	KJ:QJ				72				1:1				60


	KJ:KV				75				1:1				40


	KJ:KM				78				1:1				40


	KJ:KG				81				1:1				60


	KA:KJ				80				1:1				60


	NF:NG:KJ				148				4:1:2				60


	NX:NG:KJ				149				4:1:2				60


	TC:NG:KJ				150				4:1:2				60


	PD:NG:KJ				151				4:1:2				60


	NY:NG:KJ				152				4:1:2				60


	NE:NG:KJ				153				4:1:2				60


	NK:NG:KJ				154				4:1:2				60


	NL:NG:KJ				155				4:1:2				60


	PE:NG:KJ				156				4:1:2				60


	PF:NG:KJ				157				4:1:2				60


	PG:NG:KJ				158				4:1:2				60

NOTES:

†	For cleared contracts, the spot month assessment is effective on the day submission deadline terminates.
	For traded contracts, the spot month assessment is effective as of the close of business one day prior to the last trading day.

*Outright (Scan) and Intra-Commodity Margin Tiers*
*	Tier 1: 1st nearby month (spot month)
	Tier 2: 2nd through 6th nearby
	Tier 3: 7th through 11th nearby
	Tier 4: Greater than 11th nearby

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