NYMEX.com: NGPL TEX/OK Basis Swap (Platts IFERC)

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NGPL TEX/OK Basis Swap (Platts IFERC)



		All Swaps

		Description


		Settlements


		Terms & Conditions



		Basis Swaps

		Specifications


		Margins


		Termination Schedule



		Index Swaps

		Specifications


		Margins


		Termination Schedule



		Swing Swaps

		Specifications


		Margins

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



	Tier 1: $675				Tier 1: $550				Tier 1: $500				N/A

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



	Tier 2: $338				Tier 2: $275				Tier 2: $250				N/A

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



	Tier 3: $405				Tier 3: $330				Tier 3: $300				N/A

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



	Tier 4: $405				Tier 4: $330				Tier 4: $300				N/A

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



	Tier 5: $270				Tier 5: $220				Tier 5: $200				N/A

	Inter-Commodity Straddle Margin



	Tier 1 - Any Spread				$25

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.

*	Tier 1: 1st nearby month (spot month)
	Tier 2: 2nd nearby month
	Tier 3: 3rd through 6th nearby month
	Tier 4: 7th through 12th nearby month
	Tier 5: Greater than 12th nearby month

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