NYMEX.com: Exchange Wide Data

Exchange-Wide Margin Requirements

NYMEX Division
CME Globex® Listed Financially-Settled & miNY™ Futures
COMEX Division
NYMEX ClearPort®

Tier Requirements

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NYMEX Division Margin Requirements

Commodity

Outright Margins

Additional Spot Month Assessment

Intra/Inter Commodity Straddle Margins

Symbol

Name

Clearing Member/ Maintenance

Member Customer Initial

Non-Member Customer Initial

Tier 1^†

Tier 2^†

Tier 3^†

Tier 4^†

Tier 5^†

Tier 6^†

Tier 7

Tier 8^†

Tier 9^†

Crude Oil

$3,000

$3,300

$4,050

$3,000¹

$400

$250

$150

$100

N/A

Natural Gas (Tier 1)

$7,500

$8,250

$10,125

$3,000¹

$1,000

N/A

Natural Gas (Tier 2)

$7,000

$7,700

$9,450

N/A

$750

N/A

Natural Gas (Tier 3)

$6,500

$7,150

$8,775

N/A

$750

N/A

Natural Gas (Tier 4)

$6,500

$7,150

$8,775

N/A

$750

N/A

Natural Gas (Tier 5)

$5,000

$5,500

$6,750

N/A

$500

N/A

Natural Gas (Tier 6)

$4,000

$4,400

$5,400

N/A

$500

N/A

Natural Gas (Tier 7)

$3,000

$3,300

$4,050

N/A

$500

N/A

Natural Gas (Tier 8)

$2,500

$2,750

$3,375

N/A

$500

N/A

Natural Gas (Tier 9)

$2,000

$2,200

$2,700

N/A

$250

Heating Oil (Tier 1)

$4,500

$4,950

$6,075

$3,000¹

$250

N/A

Heating Oil (Tier 2)

$4,250

$4,675

$5,738

N/A

$150

N/A

Heating Oil (Tier 3)

$3,500

$3,850

$4,725

N/A

$150

N/A

Heating Oil (Tier 4)

$3,250

$3,575

$4,388

N/A

$100

N/A

RBOB Gasoline (Tier 1)

$5,000

$5,500

$6,750

N/A

$250

N/A

RBOB Gasoline (Tier 2)

$4,500

$4,950

$6,075

N/A

$250

N/A

RBOB Gasoline (Tier 3)

$3,750

$4,125

$5,063

N/A

$200

N/A

Russian Export Blend Crude Oil (REBCO)

$4,000

$4,400

$5,400

N/A

$400

$250

$150

$100

N/A

Propane Gas

$1,750

$1,925

$2,363

$3,000¹

$400

$250

N/A

CAPP Coal

$3,500

$3,850

$4,725

$3,000¹

$400

$250

$150

$100

N/A

PRB Coal Swap

$500

$550

$675

N/A

$400

$250

$150

$100

N/A

CSX Coal Swap (Tier 1)

$3,000

$3,300

$4,050

N/A

$250

N/A

CSX Coal Swap (Tier 2)

$3,000

$3,300

$4,050

N/A

$150

N/A

CSX Coal Swap (Tier 3)

$3,000

$3,300

$4,050

N/A

$100

N/A

CSX Coal Swap (Tier 4)

$3,000

$3,300

$4,050

N/A

$50

N/A

Platinum

$2,000

$2,200

$2,700

$1,000²

$500

$300

N/A

Palladium

$1,250

$1,375

$1,688

$1,000²

$500

$300

N/A

Heating Oil Crack Spread Options

$600

$660

$810

N/A

$200

$100

N/A

Gasoline Crack Spread Options

$600

$660

$810

N/A

$200

$100

N/A

CME Globex® Listed Financially-Settled & miNY™ Futures

Commodity

Outright Margins

Additional Spot Month Assessment

Intra/Inter Commodity Straddle Margins

Symbol

Name

Clearing Member/ Maintenance

Member Customer Initial

Non-Member Customer Initial

Tier 1^†

Tier 2^†

Tier 3^†

Tier 4^†

Tier 5^†

Tier 6^†

Tier 7

Tier 8^†

Tier 9^†

Uranium

$5,000

$5,500

$6,750

N/A

$500

N/A

NYMEX miNY™ Crude Oil

$1,500

$1,650

$2,025

N/A

$125

N/A

Brent Crude Oil

$3,500

$3,850

$4,725

N/A

$400

$250

$150

$100

N/A

Brent Crude Oil

$3,500

$3,850

$4,725

N/A

NYMEX 321 PLUS Index

$2,500

$2,750

$3,375

N/A

$300

N/A

NYMEX miNY™ Natural Gas (Tier 1)

$2,000

$2,200

$2,700

N/A

$250

N/A

NYMEX miNY™ Natural Gas (Tier 2)

$2,125

$2,338

$2,869

N/A

$250

N/A

NYMEX miNY™ Natural Gas (Tier 3)

$1,875

$2,063

$2,531

N/A

$250

N/A

NYMEX miNY™ Natural Gas (Tier 4)

$1,750

$1,925

$2,363

N/A

$250

N/A

NYMEX miNY™ Natural Gas (Tier 5)

$1,375

$1,513

$1,856

N/A

$250

N/A

NYMEX miNY™ Natural Gas (Tier 6)

$1,125

$1,238

$1,519

N/A

$250

N/A

NYMEX miNY™ Natural Gas (Tier 7)

$875

$963

$1,181

N/A

$250

N/A

NYMEX miNY™ Natural Gas (Tier 8)

$750

$825

$1,013

N/A

$250

N/A

NYMEX miNY™ Natural Gas (Tier 9)

$625

$688

$844

N/A

$250

NYMEX miNY™ Heating Oil (Tier 1)

$2,250

$2,475

$3,038

N/A

$125

N/A

NYMEX miNY™ Heating Oil (Tier 2)

$2,125

$2,338

$2,869

N/A

$75

N/A

NYMEX miNY™ Heating Oil (Tier 3)

$1,750

$1,925

$2,363

N/A

NYMEX miNY™ Heating Oil (Tier 4)

$1,625

$1,788

$2,194

N/A

RBOB Gasoline

$5,000

$5,500

$6,750

N/A

$250

N/A

RBOB Gasoline

$4,500

$4,950

$6,075

N/A

$250

N/A

RBOB Gasoline

$3,750

$4,125

$5,063

N/A

$200

N/A

NYMEX miNY™ Gasoline (Tier 1)

$2,500

$2,750

$3,375

N/A

$125

N/A

NYMEX miNY™ Gasoline (Tier 2)

$2,250

$2,475

$3,038

N/A

$250

N/A

NYMEX miNY™ Gasoline (Tier 3)

$1,875

$2,063

$2,531

N/A

COMEX miNY™ Copper

$2,375

$3,207

N/A

$40

N/A

COMEX miNY™ Gold

$1,000

$1,350

N/A

$25

N/A

COMEX miNY™ Silver

$1,500

$2,025

N/A

$40

N/A

COMEX Asian Gold

$643

$955

N/A

$20

N/A

NYMEX Asian Platinum

$643

$707

$955

N/A

$160

N/A

NYMEX Asian Palladium

$201

$221

$298

N/A

$80

N/A

COMEX London Copper Grade A

$2,200

$2,970

N/A

$80

N/A

COMEX London SHG Zinc

$3,000

$4,050

N/A

$160

N/A

COMEX London Primary Aluminum

$1,400

$1,890

N/A

$80

N/A

NYMEX Cocoa

$1,250

$1,375

$1,688

N/A

$150

N/A

NYMEX Coffee

$2,000

$2,200

$2,700

N/A

$150

N/A

NYMEX Cotton

$1,000

$1,100

$1,350

N/A

$300

N/A

NYMEX Sugar #11

$750

$825

$1,013

N/A

$200

N/A

Nationwide Catastrophe Insurance

$8,000

$8,800

$10,800

N/A

Texas to Maine (except Florida) Catastrophe Insurance

$3,500

$3,850

$4,725

N/A

Florida Catastrophe Insurance

$3,500

$3,850

$4,725

N/A

COMEX Division Margin Requirements


Commodity		Outright Margins			Intra-Commodity / Inter-Month Spreads
Symbol	Name	Clearing Member/ Maintenance	Member & Hedge Customer	Non-Member Customer	Clearing Member/ Maintenance	Member & Hedge Customer	Non-Member Customer
AL	Aluminum	$1,500	$1,500	$2,025	$80	$80	$108
HG	Copper	$4,750	$4,750	$6,413	$80	$80	$108
GC	Gold	$2,000	$2,000	$2,700	$50	$50	$68
SI	Silver	$3,000	$3,000	$4,050	$80	$80	$108

NYMEX ClearPort Margin Requirements


Commodity		Outright Margins			Additional Spot Month Assessment ^{3, 4}	Intra-Commodity / Inter-Month Spreads
Symbol	Name	Clearing Member/ Maintenance	Member Initial	Non-Member Customer Initial	Additional Spot Month Assessment ^{3, 4}	Clearing Member/ Maintenance	Member Initial	Non-Member Customer Initial
Natural Gas Markets
NN	Henry Hub Swap (Tier 1)	$1,875	$2,063	$2,531	$750	$250	$275	$338
NN	Henry Hub Swap (Tier 2)	$1,750	$1,925	$2,363	N/A	$188	$206	$253
NN	Henry Hub Swap (Tier 3)	$1,625	$1,788	$2,194	N/A	$188	$206	$253
NN	Henry Hub Swap (Tier 4)	$1,625	$1,788	$2,194	N/A	$188	$206	$253
NN	Henry Hub Swap (Tier 5)	$1,250	$1,375	$1,688	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 6)	$1,000	$1,100	$1,350	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 7)	$750	$825	$1,013	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 8)	$625	$688	$844	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 9)	$500	$550	$675	N/A	$63	$69	$84
NP	Henry Hub Penultimate Swap (Tier 1)	$1,875	$2,063	$2,531	N/A	$250	$275	$338
NP	Henry Hub Penultimate Swap (Tier 2)	$1,750	$1,925	$2,363	N/A	$188	$206	$253
NP	Henry Hub Penultimate Swap (Tier 3)	$1,625	$1,788	$2,194	N/A	$188	$206	$253
NP	Henry Hub Penultimate Swap (Tier 4)	$1,625	$1,788	$2,194	N/A	$188	$206	$253
NP	Henry Hub Penultimate Swap (Tier 5)	$1,250	$1,375	$1,688	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 6)	$1,000	$1,100	$1,350	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 7)	$750	$825	$1,013	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 8)	$625	$688	$844	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 9)	$500	$550	$675	N/A	$63	$69	$84
HP	Natural Gas Penultimate (Tier 1)	$7,500	$8,250	$10,125	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 2)	$7,000	$7,700	$9,450	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 3)	$6,500	$7,150	$8,775	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 4)	$6,500	$7,150	$8,775	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 5)	$5,000	$5,500	$6,750	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 6)	$4,000	$4,400	$5,400	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 7)	$3,000	$3,300	$4,050	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 8)	$2,500	$2,750	$3,375	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 9)	$2,000	$2,200	$2,700	N/A	*	*	*
HH	Natural Gas Last Day (Tier 1)	$7,500	$8,250	$10,125	N/A	*	*	*
HH	Natural Gas Last Day (Tier 2)	$7,000	$7,700	$9,450	N/A	*	*	*
HH	Natural Gas Last Day (Tier 3)	$6,500	$7,150	$8,775	N/A	*	*	*
HH	Natural Gas Last Day (Tier 4)	$6,500	$7,150	$8,775	N/A	*	*	*
HH	Natural Gas Penultimate (Tier 5)	$5,000	$5,500	$6,750	N/A	*	*	*
HH	Natural Gas Last Day (Tier 6)	$4,000	$4,400	$5,400	N/A	*	*	*
HH	Natural Gas Last Day (Tier 7)	$3,000	$3,300	$4,050	N/A	*	*	*
HH	Natural Gas Last Day (Tier 8)	$2,500	$2,750	$3,375	N/A	*	*	*
HH	Natural Gas Last Day (Tier 9)	$2,000	$2,200	$2,700	N/A	*	*	*
WS	Crude Oil	$3,000	$3,300	$4,050	N/A	*	*	*
BH	Heating Oil (Tier 1)	$4,500	$4,950	$6,075	N/A	*	*	*
BH	Heating Oil (Tier 2)	$4,250	$4,675	$5,738	N/A	*	*	*
BH	Heating Oil (Tier 3)	$3,500	$3,850	$4,725	N/A	*	*	*
BH	Heating Oil (Tier 4)	$3,250	$3,575	$4,388	N/A	*	*	*
SN	Henry Hub Swing Swap	$1,875	$2,063	$2,531	N/A	$50	$55	$68
IN	Henry Hub Index Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IN	Henry Hub Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IN	Henry Hub Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
CI	CIG Rockies Swap (Tier 1)	$2,000	$2,200	$2,700	N/A	$25	$28	$34
CI	CIG Rockies Swap (Tier 2)	$2,500	$2,750	$3,375	N/A	$25	$28	$34
CI	CIG Rockies Swap (Tier 3)	$750	$825	$1,013	N/A	$25	$28	$34
CI	CIG Rockies Swap (Tier 4)	$500	$550	$675	N/A	$25	$28	$34
CI	CIG Rockies Swap (Tier 5)	$400	$440	$540	N/A	$25	$28	$34
NW	Waha Swap (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
NW	Waha Swap (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
NW	Waha Swap (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
NW	Waha Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
NW	Waha Swap (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
SY	Waha Swing Swap	$2,000	$2,200	$2,700	N/A	$50	$55	$68
IY	Waha Index Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IY	Waha Index Swap (Tier 2)	$125	$138	$169	N/A	$25	$28	$34
IY	Waha Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
NA	Alberta Basis Swap (Tier 1)	$1,000	$1,100	$1,350	N/A	$25	$28	$34
NA	Alberta Basis Swap (Tier 2)	$800	$880	$1,080	N/A	$25	$28	$34
NA	Alberta Basis Swap (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
NA	Alberta Basis Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
NA	Alberta Basis Swap (Tier 5)	$100	$110	$135	N/A	$25	$28	$34
NB	Chicago Basis Swap (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
NB	Chicago Basis Swap (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
SS	Chicago City Gate Swing Swap	$2,000	$2,200	$2,700	N/A	$50	$55	$68
IS	Chicago Index Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IS	Chicago Index Swap (Tier 2)	$125	$138	$169	N/A	$25	$28	$34
IS	Chicago Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
HB	Henry Hub Basis Swap (Tier 1)	$50	$55	$68	N/A	$25	$28	$34
HB	Henry Hub Basis Swap ( Tier 2)	$50	$55	$68	N/A	$25	$28	$34
NH	Houston Ship Channel Basis Swap (Tier 1)	$300	$330	$405	N/A	$25	$28	$34
NH	Houston Ship Channel Basis Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
NH	Houston Ship Channel Basis Swap (Tier 3)	$200	$220	$270	N/A	$25	$28	$34
NH	Houston Ship Channel Basis Swap (Tier 4)	$100	$110	$135	N/A	$25	$28	$34
NH	Houston Ship Channel Basis Swap (Tier 5)	$100	$110	$135	N/A	$25	$28	$34
SM	Houston Ship Channel Swing Swap	$2,000	$2,200	$2,700	N/A	$50	$55	$68
IP	Houston Ship Channel Index Swap (Tier 1)	$1,200	$1,320	$1,620	N/A	$25	$28	$34
IP	Houston Ship Channel Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IP	Houston Ship Channel Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
NJ	San Juan Basis Swap (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
NJ	San Juan Basis Swap (Tier 2)	$300	$330	$405	N/A	$25	$28	$34
NJ	San Juan Basis Swap (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
NJ	San Juan Basis Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
NJ	San Juan Basis Swap (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
IJ	San Juan Index Swap (Tier 1)	$1,200	$1,320	$1,620	N/A	$25	$28	$34
IJ	San Juan Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IJ	San Juan Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SJ	San Juan Swing Swap	$3,000	$3,300	$4,050	N/A	$100	$110	$135
NS	SoCal Basis Swap (Tier 1)	$600	$660	$810	N/A	$25	$28	$34
NS	SoCal Basis Swap (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
NS	SoCal Basis Swap (Tier 3)	$400	$440	$540	N/A	$25	$28	$34
NS	SoCal Basis Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
NS	SoCal Basis Swap (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
IF	SoCal Index Swap (Tier 1)	$1,800	$1,980	$2,430	N/A	$25	$28	$34
IF	SoCal Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IF	SoCal Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SF	SoCal Swing Swap	$3,000	$3,300	$4,050	N/A	$100	$110	$135
NZ	Transco Zone 6 Basis Swap (Tier 1)	$200	$220	$270	N/A	$25	$28	$34
NZ	Transco Zone 6 Basis Swap (Tier 2)	$300	$330	$405	N/A	$25	$28	$34
NZ	Transco Zone 6 Basis Swap (Tier 3)	$500	$550	$675	N/A	$25	$28	$34
NZ	Transco Zone 6 Basis Swap (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
NZ	Transco Zone 6 Basis Swap (Tier 5)	$300	$330	$405	N/A	$25	$28	$34
IT	Transco Zone 6 Index Swap (Tier 1)	$3,000	$3,300	$4,050	N/A	$25	$28	$34
IT	Transco Zone 6 Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IT	Transco Zone 6 Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
ST	Transco Zone 6 Swing Swap	$9,000	$9,900	$12,150	N/A	$100	$110	$135
NR	Northwest Pipeline, Rockies Basis Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
NR	Northwest Pipeline, Rockies Basis Swap (Tier 2)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
NR	Northwest Pipeline, Rockies Basis Swap (Tier 3)	$800	$880	$1,080	N/A	$25	$28	$34
NR	Northwest Pipeline, Rockies Basis Swap (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
NR	Northwest Pipeline, Rockies Basis Swap (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
IR	Rockies Index Swap (Tier 1)	$4,000	$4,400	$5,400	N/A	$25	$28	$34
IR	Rockies Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IR	Rockies Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
NV	Kern River, Wyoming Basis (Tier 1)	$625	$688	$844	N/A	$25	$28	$34
NV	Kern River, Wyoming Basis (Tier 2)	$325	$358	$439	N/A	$25	$28	$34
NV	Kern River, Wyoming Basis (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
NV	Kern River, Wyoming Basis (Tier 4)	$175	$193	$236	N/A	$25	$28	$34
NV	Kern River, Wyoming Basis (Tier 5)	$100	$110	$135	N/A	$25	$28	$34
SR	Kern Opal Swing Swap	$3,000	$3,300	$4,050	N/A	$100	$110	$135
TA	Questar Basis (Tier 1)	$900	$990	$1,215	N/A	$25	$28	$34
TA	Questar Basis (Tier 2)	$325	$358	$439	N/A	$25	$28	$34
TA	Questar Basis (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
TA	Questar Basis (Tier 4)	$175	$193	$236	N/A	$25	$28	$34
TA	Questar Basis (Tier 5)	$100	$110	$135	N/A	$25	$28	$34
PH	Panhandle Basis Swap (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
PH	Panhandle Basis Swap (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
PH	Panhandle Basis Swap (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
PH	Panhandle Basis Swap (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
PH	Panhandle Basis Swap (Tier 5)	$300	$330	$405	N/A	$25	$28	$34
SV	Panhandle Swing Swap	$2,000	$2,200	$2,700	N/A	$50	$55	$68
IV	Panhandle Index Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IV	Panhandle Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IV	Panhandle Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
NF	Michcon Basis (Tier 1)	$200	$220	$270	N/A	$25	$28	$38
NF	Michcon Basis (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
NF	Michcon Basis (Tier 3)	$200	$220	$270	N/A	$25	$28	$34
PM	Permian Basis (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
PM	Permian Basis (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
PM	Permian Basis (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
PM	Permian Basis (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
PM	Permian Basis (Tier 5)	$300	$330	$405	N/A	$25	$28	$34
SL	El Paso/Permian Swing Swap	$4,000	$4,400	$5,400	N/A	$50	$55	$68
IL	El Paso/Permian Index Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IL	El Paso/Permian Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IL	El Paso/Permian Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
NX	Texas Eastern Zone M-3 Basis (Tier 1)	$200	$220	$270	N/A	$25	$28	$34
NX	Texas Eastern Zone M-3 Basis (Tier 2)	$250	$275	$338	N/A	$25	$28	$34
NX	Texas Eastern Zone M-3 Basis (Tier 3)	$400	$440	$540	N/A	$25	$28	$34
NX	Texas Eastern Zone M-3 Basis (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
NX	Texas Eastern Zone M-3 Basis (Tier 5)	$250	$275	$338	N/A	$25	$28	$34
IX	TETCO M-3 Index Swap (Tier 1)	$2,000	$2,200	$2,700	N/A	$25	$28	$34
IX	TETCO M-3 Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IX	TETCO M-3 Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SX	TETCO M-3 Swap Swing Swap	$5,000	$5,500	$6,750	N/A	$100	$110	$135
TB	Texas Gas, Zone SL Basis (Tier 1)	$300	$330	$405	N/A	$25	$28	$34
TB	Texas Gas, Zone SL Basis (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
NQ	Tennessee Zone 0 Basis (Tier 1)	$300	$330	$405	N/A	$25	$28	$34
NQ	Tennessee Zone 0 Basis (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
NM	Tennessee 500 Leg Basis (Tier 1)	$150	$165	$203	N/A	$25	$28	$34
NM	Tennessee 500 Leg Basis (Tier 2)	$150	$165	$203	N/A	$25	$28	$34
TC	TCO Basis Swap (Tier 1)	$200	$220	$270	N/A	$25	$28	$34
TC	TCO Basis Swap (Tier 2)	$125	$138	$169	N/A	$25	$28	$34
PB	PG&E; Malin Basis (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
PB	PG&E; Malin Basis (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
PB	PG&E; Malin Basis (Tier 3)	$250	$275	$338	N/A	$25	$28	$34
PC	PG&E; Citygate Basis (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
PC	PG&E; Citygate Basis (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
PC	PG&E; Citygate Basis (Tier 3)	$250	$275	$338	N/A	$25	$28	$34
IK	PG&E; Citygate Index (Tier 1)	$2,000	$2,200	$2,700	N/A	$25	$28	$34
IK	PG&E; Citygate Index (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IK	PG&E; Citygate Index (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SK	PG&E; Citygate Swing	$3,000	$3,300	$4,050	N/A	$100	$110	$135
PD	NGPL Tex/OK Basis (Tier 1)	$400	$440	$540	N/A	$25	$28	$34
PD	NGPL Tex/OK Basis (Tier 2)	$300	$330	$405	N/A	$25	$28	$34
PD	NGPL Tex/OK Basis (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
PD	NGPL Tex/OK Basis (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
PD	NGPL Tex/OK Basis (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
OI	NGPL Tex/OK Index (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
OI	NGPL Tex/OK Index (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
OI	NGPL Tex/OK Index (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
OX	NGPL Tex/OK Swing	$2,000	$2,200	$2,700	N/A	$100	$110	$135
NY	NGPL LA Basis (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
NY	NGPL LA Basis (Tier 2)	$250	$275	$338	N/A	$25	$28	$34
NU	Trunkline, LA Basis (Tier 1)	$75	$83	$101	N/A	$25	$28	$34
NU	Trunkline, LA Basis Basis (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
ND	ANR LA Basis (Tier 1)	$150	$165	$203	N/A	$25	$28	$34
ND	ANR LA Basis (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
NE	ANR OK Basis (Tier 1)	$600	$660	$810	N/A	$25	$28	$34
NE	ANR OK Basis (Tier 2)	$300	$330	$405	N/A	$25	$28	$34
IQ	ANR OK Index (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IQ	ANR OK Index (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IQ	ANR OK Index (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SQ	ANR OK Swing	$2,000	$2,200	$2,700	N/A	$100	$110	$135
NK	Sumas Basis (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
NK	Sumas Basis (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
NK	Sumas Basis (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
IU	Sumas Index Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IU	Sumas Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IU	Sumas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SU	Sumas Swing Swap	$2,000	$2,200	$2,700	N/A	$100	$110	$135
NL	NGPL Mid-Continent Basis (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
NL	NGPL Mid-Continent Basis (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
NL	NGPL Mid-Continent Basis (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
NL	NGPL Mid-Continent Basis (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
NL	NGPL Mid-Continent Basis (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
IW	NGPL Mid-Continent Index (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IW	NGPL Mid-Continent Index (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IW	NGPL Mid-Continent Index (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
PX	NGPL Mid-Continent Swing	$2,000	$2,200	$2,700	N/A	$100	$110	$135
PE	Demarcation Basis Swap (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
PE	Demarcation Basis Swap (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
PE	Demarcation Basis Swap (Tier 3)	$250	$275	$338	N/A	$25	$28	$34
DI	Demarcation Index Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
DI	Demarcation Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
DI	Demarcation Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
DT	Demarcation Swing Swap	$2,000	$2,200	$2,700	N/A	$100	$110	$135
PF	Northern Natural Gas Ventura, Iowa Basis (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
PF	Northern Natural Gas Ventura, Iowa Basis (Tier 2)	$300	$330	$405	N/A	$25	$28	$34
PF	Northern Natural Gas Ventura, Iowa Basis (Tier 3)	$250	$275	$338	N/A	$25	$28	$34
VI	Ventura Natural Gas Index Swap (Tier 1)	$1,200	$1,320	$1,620	N/A	$25	$28	$34
VI	Ventura Natural Gas Index Swap (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
VI	Ventura Natural Gas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
VS	Ventura Natural Gas Swing Swap	$2,000	$2,200	$2,700	N/A	$100	$110	$135
PG	Dominion Transmission Inc. -- Appalachia Basis (Tier 1)	$250	$275	$338	N/A	$25	$28	$34
PG	Dominion Transmission Inc. -- Appalachia Basis (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IH	Dominion Index Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IH	Dominion Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IH	Dominion Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SH	Dominion Swing Swap	$2,000	$2,200	$2,700	N/A	$100	$110	$135
PW	CenterPoint Natural Gas Basis Swap (Tier 1)	$400	$440	$540	N/A	$25	$28	$34
PW	CenterPoint Natural Gas Basis Swap (Tier 2)	$250	$275	$338	N/A	$25	$28	$34
II	CenterPoint Natural Gas Index Swap (Tier 1)	$1,200	$1,320	$1,620	N/A	$25	$28	$34
II	CenterPoint Natural Gas Index Swap (Tier 2)	$250	$275	$338	N/A	$25	$28	$34
II	CenterPoint Natural Gas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
VX	CenterPoint Natural Gas Swing Swap	$2,000	$2,200	$2,700	N/A	$100	$110	$135
DW	Dawn Natural Gas Basis Swap (Tier 1)	$800	$880	$1,080	N/A	$25	$28	$34
DW	Dawn Natural Gas Basis Swap (Tier 2)	$300	$330	$405	N/A	$25	$28	$34
IO	Dawn Natural Gas Index Swap (Tier 1)	$1,200	$1,320	$1,620	N/A	$25	$28	$34
IO	Dawn Natural Gas Index Swap (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
IO	Dawn Natural Gas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
OW	Dawn Natural Gas Swing Swap	$2,000	$2,200	$2,700	N/A	$100	$110	$135
TE	Tetco East LA Basis Swap (Tier 1)	$150	$165	$203	N/A	$25	$28	$34
TE	Tetco East LA Basis Swap (Tier 2)	$75	$83	$101	N/A	$25	$28	$34
TE	Tetco East LA Basis Swap (Tier 3)	$50	$55	$68	N/A	$25	$28	$34
TE	Tetco East LA Basis Swap (Tier 4)	$50	$55	$68	N/A	$25	$28	$34
TE	Tetco East LA Basis Swap (Tier 5)	$50	$55	$68	N/A	$25	$28	$34
TX	Tetco South TX Basis Swap (Tier 1)	$400	$440	$540	N/A	$25	$28	$34
TX	Tetco South TX Basis Swap (Tier 2)	$300	$330	$405	N/A	$25	$28	$34
TX	Tetco South TX Basis Swap (Tier 3)	$200	$220	$270	N/A	$25	$28	$34
TX	Tetco South TX Basis Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
TX	Tetco South TX Basis Swap (Tier 5)	$100	$110	$135	N/A	$25	$28	$34
GL	Columbia Gulf Onshore Basis Swap (Tier 1)	$75	$83	$101	N/A	$25	$28	$34
GL	Columbia Gulf Onshore Basis Swap (Tier 2)	$80	$88	$108	N/A	$25	$28	$34
GL	Columbia Gulf Onshore Basis Swap (Tier 3)	$85	$94	$115	N/A	$25	$28	$34
GL	Columbia Gulf Onshore Basis Swap (Tier 4)	$100	$110	$135	N/A	$25	$28	$34
GL	Columbia Gulf Onshore Basis Swap (Tier 5)	$100	$110	$135	N/A	$25	$28	$34
CZ	Transco Zone 3 Basis Swap (Tier 1)	$150	$165	$203	N/A	$25	$28	$34
CZ	Transco Zone 3 Basis Swap (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
CZ	Transco Zone 3 Basis Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
CZ	Transco Zone 3 Basis Swap (Tier 4)	$100	$110	$135	N/A	$25	$28	$34
CZ	Transco Zone 3 Basis Swap (Tier 5)	$75	$83	$101	N/A	$25	$28	$34
SZ	Sonat Basis Swap (Tier 1)	$250	$275	$338	N/A	$25	$28	$34
SZ	Sonat Basis Swap (Tier 2)	$75	$83	$101	N/A	$25	$28	$34
SZ	Sonat Basis Swap (Tier 3)	$75	$83	$101	N/A	$25	$28	$34
SZ	Sonat Basis Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
SZ	Sonat Basis Swap (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
TR	Transco Zone 4 Basis (Tier 1)	$125	$138	$169	N/A	$25	$28	$34
TR	Transco Zone 4 Basis (Tier 2)	$150	$165	$203	N/A	$25	$28	$34
TR	Transco Zone 4 Basis (Tier 3)	$150	$165	$203	N/A	$25	$28	$34
TR	Transco Zone 4 Basis (Tier 4)	$75	$83	$101	N/A	$25	$28	$34
TR	Transco Zone 4 Basis (Tier 5)	$75	$83	$101	N/A	$25	$28	$34
FP	Florida Gas Zone 3 Basis Swap (Tier 1)	$300	$330	$405	N/A	$25	$28	$34
FP	Florida Gas Zone 3 Basis Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
FP	Florida Gas Zone 3 Basis Swap (Tier 3)	$200	$220	$270	N/A	$25	$28	$34
FP	Florida Gas Zone 3 Basis Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
FP	Florida Gas Zone 3 Basis Swap (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
Crude Oil Markets
UB	Dated Brent Crude Oil Calendar Swap	$4,500	$4,950	$6,075	N/A	$400	$440	$540
CS	WTI Calendar Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
DC	Dubai Crude Oil Calendar Swap	$4,000	$4,400	$5,400	N/A	$480	$528	$648
MA	WTI Bow River Swap	$2,400	$2,640	$3,240	N/A	$480	$528	$648
BY	WTI - Brent (ICE) Bullet Swap	$1,000	$1,100	$1,350	N/A	$50	$55	$68
FY	Dated-to-Frontline Brent Swap	$400	$440	$540	N/A	$50	$55	$68
BK	WTI - Brent (ICE) Calendar Swap	$2,000	$2,200	$2,700	N/A	$50	$55	$68
DB	Brent - Dubai Swap	$2,000	$2,200	$2,700	N/A	$50	$55	$68
Petroleum Spread & Product Markets
YK	Gulf Coast Low Sulfur Diesel (LSD) Crack Spread Swap	$3,500	$3,850	$4,725	N/A	*	*	*
GY	Gulf Coast ULSD Crack Spread Swap	$3,500	$3,850	$4,725	N/A	*	*	*
UW	New York Low Sulfur Diesel (LSD) Crack Spread Swap	$3,500	$3,850	$4,725	N/A	*	*	*
YU	New York ULSD Crack Spread Swap	$3,500	$3,850	$4,725	N/A	*	*	*
YL	Up-Down Gulf Coast LSD vs. NYMEX HO Spread Swap	$1,000	$1,100	$1,350	N/A	*	*	*
LT	Up-Down Gulf Coast ULSD vs. NYMEX HO Spread Swap	$2,000	$2,200	$2,700	N/A	*	*	*
UT	#2 Heating Oil Up-Down Spread Calendar Swap	$1,000	$1,100	$1,350	N/A	$240	$264	$324
MP	NY Harbor Heating Oil Calendar Swap (Tier 1)	$4,500	$4,950	$6,075	N/A	$250	$275	$338
MP	NY Harbor Heating Oil Calendar Swap (Tier 2)	$4,250	$4,675	$5,738	N/A	$150	$165	$203
MP	NY Harbor Heating Oil Calendar Swap (Tier 3)	$3,500	$3,850	$4,725	N/A	$150	$165	$203
MP	NY Harbor Heating Oil Calendar Swap (Tier 4)	$3,250	$3,575	$4,388	N/A	$100	$110	$135
MH	Los Angeles CARB Gasoline Swap	$2,400	$2,640	$3,240	N/A	$480	$528	$648
MF	Gulf Coast #6 Fuel 3.0% Swap	$3,000	$3,300	$4,050	N/A	$480	$528	$648
MM	NY Harbor Residual Fuel 1.0% Swap	$3,000	$3,300	$4,050	N/A	$480	$528	$648
UN	European Naphtha Calendar Swap (Tier 1)	$37,000	$40,700	$49,950	$3,400	$2,400	$2,640	$3,240
UN	European Naphtha Calendar Swap (Tier 2)	$25,000	$27,500	$33,750	N/A	$2,400	$2,640	$3,240
UJ	European Jet Kero NWE Calendar Swap (Northwest Europe)	$30,000	$33,000	$40,500	N/A	$3,400	$3,740	$4,590
UR	European Jet Kero Rotterdam Calendar Swap	$22,000	$24,200	$29,700	N/A	$2,400	$2,640	$3,240
UG	European Gasoil 0.2 Rotterdam Calendar Swap	$21,000	$23,100	$28,350	N/A	$3,400	$3,740	$4,590
UE	European Gasoil 0.2 NWE Calendar Swap (Northwest Europe) — Tier 1	$23,000	$25,300	$31,050	N/A	$2,400	$2,640	$3,240
UE	European Gasoil 0.2 NWE Calendar Swap (Northwest Europe) — Tier 2	$21,000	$23,100	$28,350	N/A	$2,400	$2,640	$3,240
UQ	European Gasoil 0.2 MED Calendar Swap (Mediterranean)	$21,000	$23,100	$28,350	N/A	$2,400	$2,640	$3,240
UP	European ULSD (Diesel) Rotterdam Calendar Swap	$21,000	$23,100	$28,350	N/A	$3,400	$3,740	$4,590
UL	European ULSD NWE Calendar Swap (Northwest Europe)	$21,000	$23,100	$28,350	N/A	$3,400	$3,740	$4,590
UF	European 1% Fuel Oil Calendar Swap (Northwest Europe)	$20,000	$22,000	$27,000	N/A	$3,800	$4,180	$5,130
UH	European 1% Fuel Oil Rotterdam Calendar Swap	$25,000	$27,500	$33,750	N/A	$3,400	$3,740	$4,590
UV	European 3.5% Fuel Oil Rotterdam Calendar Swap	$17,000	$18,700	$22,950	N/A	$3,400	$3,740	$4,590
UI	European 3.5% Fuel Oil MED Calendar Swap (Mediterranean)	$15,000	$16,500	$20,250	N/A	$3,400	$3,740	$4,590
UA	European Singapore Fuel Oil 180cst Calendar Swap	$19,000	$20,900	$25,650	N/A	$2,400	$2,640	$3,240
GS	Gulf Coast Gasoline Calendar Swap	$6,000	$6,600	$8,100	N/A	$500	$550	$675
GP	Gulf Coast Heating Oil Calendar Swap	$5,000	$5,500	$6,750	N/A	$400	$440	$540
GE	Gulf Coast Jet Fuel Calendar Swap	3,500	$3,850	$4,725	N/A	$400	$440	$540
GZ	European Gasoil Crack Spread Swap	$3,000	$3,300	$4,050	N/A	$250	$275	$338
GG	European Gasoil 0.2 CIF MED Swap	$21,000	$23,100	$28,350	N/A	$3,400	$3,740	$4,590
GT	European Gasoil 10PPM Rdam Barges Swap	$21,000	$23,100	$28,350	N/A	$3,400	$3,740	$4,590
GX	European Gasoil (ICE) Calendar Swap (Tier 1)	$30,000	$33,000	$40,500	N/A	*	*	*
GX	European Gasoil (ICE) Calendar Swap (Tier 2)	$30,000	$33,000	$40,500	N/A	*	*	*
GX	European Gasoil (ICE) Calendar Swap (Tier 3)	$25,000	$27,500	$33,750	N/A	*	*	*
GX	European Gasoil (ICE) Calendar Swap (Tier 4)	$20,000	$22,000	$27,000	N/A	*	*	*
RG	European Argus Gasoline Crack Spread Swap	$2,500	$2,750	$3,375	N/A	$850	$935	$1,148
EP	European Platts Gasoline MED Crack Spread Swap	$2,650	$2,915	$3,578	N/A	$225	$248	$304
EN	European Naphtha Crack Spread	$4,000	$4,400	$5,400	N/A	$250	$275	$338
ES	European ULSD 50 PPM CIF NWE Swap	$25,000	$27,500	$33,750	N/A	$3,400	$3,740	$4,590
EH	European ULSD 50 PPM CIF MED Swap	$25,000	$27,500	$33,750	N/A	$3,400	$3,740	$4,590
EL	European ULSD 50 PPM FOB MED Swap	$21,000	$23,100	$28,350	N/A	$3,400	$3,740	$4,590
EI	European Gasoil 0.2 Rdam Barges v. Gasoil Futures Swap	$4,000	$4,400	$5,400	N/A	$200	$220	$270
EC	European Gasoil 0.2 CIF NWE v. Gasoil Futures Swap	$1,500	$1,650	$2,025	N/A	$200	$220	$270
EX	European Gasoil 0.2 CIF MED v. Gasoil Futures Swap	$2,750	$3,025	$3,713	N/A	$150	$165	$203
EF	European Gasoil 0.2 FOB MED v. Gasoil Futures Swap	$3,000	$3,300	$4,050	N/A	$150	$165	$203
ET	European Gasoil 10PPM Rdam Barges v. Gasoil Futures Swap	$5,000	$5,500	$6,750	N/A	$150	$165	$203
EY	European ULSD 50PPM CIF NWE v. Gasoil Futures Swap	$5,000	$5,500	$6,750	N/A	$900	$990	$1,215
EE	European ULSD 50PPM CIF MED v. Gasoil Futures Swap	$12,000	$13,200	$16,200	N/A	$600	$660	$810
EO	European ULSD 50PPM FOB MED v. Gasoil Futures Swap	$17,000	$18,700	$22,950	N/A	$600	$660	$810
JC	European Jet CIF NWE v. Gasoil Futures Swap	$6,000	$6,600	$8,100	N/A	$200	$220	$270
JR	European Jet Rdam Barges v. Gasoil Futures Swap	$6,500	$7,150	$8,775	N/A	$150	$165	$203
GA	Singapore Gasoil v. Rdam Gasoil Swap	$1,500	$1,650	$2,025	N/A	$200	$220	$270
HA	Heating Oil Arb Swap: NYMEX HO v. Rdam Gasoil	$1,000	$1,100	$1,350	N/A	$200	$220	$270
FO	3.5% Fuel Oil Rdam Crack Swap	$3,000	$3,300	$4,050	N/A	$350	$385	$473
FI	1% Fuel Oil NWE Crack Spread Swap	$2,500	$2,750	$3,375	N/A	$350	$385	$473
FK	3.5% Fuel Oil Rdam v 3.5% FOB MED Spread Swap	$3,400	$3,740	$4,590	N/A	$350	$385	$473
FL	3.5% Fuel Oil FOB MED Crack Spread Swap	$2,750	$3,025	$3,713	N/A	$200	$220	$270
RZ	New York Harbor Conventional Gasoline vs. RBOB Swap Contract	$700	$770	$945	N/A	$240	$364	$324
LW	Gulf Coast Low Sulfur Diesel (LSD) Swap	$6,000	$6,600	$8,100	N/A	*	*	*
LY	Gulf Coast Ultra Low Sulfur Diesel (ULSD) Swap	$4,500	$4,950	$6,075	N/A	*	*	*
YW	New York Low Sulfur Diesel (LSD) Swap	$4,250	$4,675	$5,738	N/A	*	*	*
YS	New York Ultra Low Sulfur Diesel (ULSD) Swap	$4,250	$4,675	$5,738	N/A	*	*	*
AW	Gulf Coast Gasoline (Argus) Calendar Swap	$6,000	$6,600	$8,100	N/A	$500	$550	$675
AJ	Gulf Coast ULSD (Argus) Calendar Swap	$4,500	$4,950	$6,075	N/A	$480	$528	$648
AF	Gulf Coast Jet (Argus) Calendar Swap	$3,500	$3,850	$4,725	N/A	$400	$440	$540
LX	Los Angeles CARB Diesel (OPIS) Outright Swap	$4,000	$4,400	$5,400	N/A	$480	$528	$648
LL	Los Angeles Jet (OPIS) Outright Swap	$4,000	$4,400	$5,400	N/A	$400	$440	$540
PT	Mt Belvieu Propane (OPIS) Swap	$1,500	$1,650	$2,025	N/A	$250	$275	$338
RY	RBOB (Platts) Calendar Swap	$4,500	$4,950	$6,075	N/A	$250	$275	$338
BG	European Gasoil Bullet Swap	$30,000	$33,000	$40,500	N/A	$2,000	$2,200	$2,700
PS	European Propane CIF ARA (Argus) Swap	$37,000	$40,700	$49,950	N/A	$3,800	$4,180	$5,130
JA	Japan C&F Naphtha (Platts) Swap	$25,500	$28,050	$34,425	N/A	$3,800	$4,180	$5,130
UZ	Gasoline Up-Down (Argus) Swap	$1,500	$1,650	$2,025	N/A	$240	$264	$324
US	ULSD Up-Down (Argus) Swap	$2,000	$2,200	$2,700	N/A	$240	$264	$324
JU	Jet Up-Down (Argus)	$3,000	$3,300	$4,050	N/A	$240	$264	$324
RI	RBOB (Platts) vs. NYMEX RBOB Spread Swap	$2,000	$2,200	$2,700	N/A	$240	$264	$324
UY	NY ULSD (Platts) vs. NYMEX HO Spread Swap	$2,000	$2,200	$2,700	N/A	$240	$264	$324
JL	Los Angeles CARBOB (OPIS) Spread Swap	$4,500	$4,950	$6,075	N/A	$240	$264	$324
JS	Los Angeles Jet (OPIS) Spread Swap	$4,000	$4,400	$5,400	N/A	$240	$264	$324
KL	Los Angeles CARB Diesel (OPIS) Spread Swap	$4,500	$4,950	$6,075	N/A	$240	$264	$324
CF	Gulf Coast ULSD Crack Spread (Argus) Swap	$3,500	$3,850	$4,725	N/A	$480	$528	$648
CK	Gulf Coast Gasoline Crack Spread (Argus) Swap	$4,500	$4,950	$6,075	N/A	$240	$264	$324
JB	Japan C&F Naphtha Crack Spread (Platts)	$4,500	$4,950	$6,075	N/A	$250	$275	$338
CU	Chicago Ethanol (Platts) Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
EZ	New York Ethanol (Platts) Swap	$4,000	$4,400	$5,400	N/A	$400	$440	$540
Crude Oil & Petroleum Products Markets
HK	NY Harbor Heating Oil Crack Spread Calendar Swap (Tier 1)	$2,750	$3,025	$3,713	N/A	$100	$110	$135
HK	NY Harbor Heating Oil Crack Spread Calendar Swap (Tier 2)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
HK	NY Harbor Heating Oil Crack Spread Calendar Swap (Tier 3)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
HK	NY Harbor Heating Oil Crack Spread Calendar Swap (Tier 4)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
RH	RBOB vs. Heating Oil Swap	$3,000	$3,300	$4,050	N/A	$100	$110	$135
RL	RBOB Calendar Swap (Tier 1)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
RL	RBOB Calendar Swap (Tier 2)	$4,500	$4,950	$6,075	N/A	$100	$110	$135
RL	RBOB Calendar Swap (Tier 3)	$3,750	$4,125	$5,063	N/A	$100	$110	$135
RM	RBOB Crack Spread Swap (Tier 1)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
RM	RBOB Crack Spread Swap (Tier 2)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
RM	RBOB Crack Spread Swap (Tier 3)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
RV	RBOB Up-Down Calendar Swap	$1,500	$1,650	$2,025	N/A	$100	$110	$135
RD	US Gulf Coast #2 HO Crack Spread Calendar Swap	$2,500	$2,750	$3,375	N/A	$240	$264	$324
RU	US Gulf Coast Unl. 87 Crack Spread Calendar Swap	$4,500	4,950	$6,075	N/A	$240	$264	$324
MG	Gulf Coast #6 Fuel Oil Crack Swap	$2,700	$2,970	$3,645	N/A	$480	$528	$648
ML	NY Harbor Residual Fuel Crack Swap	$2,500	$2,750	$3,375	N/A	$480	$528	$648
MK	NY Harbor LS Diesel vs. NYMEX #2 HO Spread Swap	$600	$660	$810	N/A	$240	$264	$324
MD	Gulf Coast Gas vs. Gulf Coast HO Spread Swap	$4,000	$4,400	$5,400	N/A	$240	$264	$324
ME	Gulf Coast Jet vs. NYMEX #2 HO Spread Swap	$3,000	$3,300	$4,050	N/A	$240	$264	$324
MQ	LA Jet Fuel vs. NYMEX #2 HO Spread Swap	$1,000	$1,100	$1,350	N/A	$240	$264	$324
EU	European Unleaded Gasoline 50ppm Swap	$33,750	$37,125	$45,563	N/A	$2,000	$2,200	$2,700
AR	Argus NWE Gasoline Swap (Tier 1)	$42,000	$46,200	$56,700	N/A	$2,000	$2,200	$2,700
AR	Argus NWE Gasoline Swap (Tier 2)	$40,000	$44,000	$54,000	N/A	$2,000	$2,200	$2,700
EW	East/West Fuel Oil Spread Swap (Tier 1)	$6,000	$6,600	$8,100	N/A	$1,000	$1,100	$1,350
EW	East/West Fuel Oil Spread Swap (Tier 2)	$4,000	$4,400	$5,400	N/A	$1,000	$1,100	$1,350
FS	High-Low Sulfur Fuel Oil Spread Swap	$5,000	$5,500	$6,750	N/A	$1,000	$1,100	$1,350
SD	Singapore Fuel Oil Spread Swap	$2,500	$2,750	$3,375	N/A	$340	$374	$459
SE	Singapore 380cst Fuel Oil Swap	$20,000	$22,000	$27,000	N/A	$2,400	$2,640	$3,240
SG	Singapore Gasoil Swap	$5,000	$5,500	$6,750	N/A	$400	$440	$540
KS	Singapore Jet Kerosene Swap	$3,500	$3,850	$4,725	N/A	$250	$275	$338
SP	Singapore Naphtha Swap	$4,000	$4,400	$5,400	N/A	$250	$275	$338
HZ	Singapore 380cst Fuel Oil	$1,400	$1,540	$1,890	$3,000	$240	$264	$324
RK	Singapore Jet Regrade: Jet Kero vs Gasoil Swap	$1,750	$1,925	$2,363	N/A	$200	$220	$270
Freight Futures Markets
TG	Tanker Route TC1 Ras Tanura to Yokohama	$1,500	$1,650	$2,025	N/A	$200	$220	$270
TM	Tanker Route TC2 Europe to U.S. Atlantic Coast (Tier 1)	$2,000	$2,200	$2,700	N/A	$150	$165	$203
TM	Tanker Route TC2 Europe to U.S. Atlantic Coast (Tier 2)	$2,000	$2,200	$2,700	N/A	$150	$165	$203
TJ	Tanker Route TC4 Singapore to Japan	$1,000	$1,100	$1,350	N/A	$150	$165	$203
TH	Tanker Route TC5 Ras Tanura to Yokohama	$1,750	$1,925	$2,363	N/A	$200	$220	$270
TL	Tanker Route TD3 Middle Eastern Gulf to Japan	$2,000	$2,200	$2,700	N/A	$100	$110	$135
TI	Tanker Route TD5 West Africa to U.S. Atlantic Coast	$2,000	$2,200	$2,700	N/A	$150	$165	$203
TK	Tanker Route TD7 North Sea to Europe	$700	$770	$945	N/A	$50	$55	$68
TN	Tanker Route TD9 Caribbean to U.S. Gulf	$750	$825	$1,013	N/A	$200	$220	$270
TO	Tanker Route TD10D Caribbean to U.S. Atlantic Coast	$750	$825	$1,013	N/A	$150	$165	$203
Emissions Futures Markets
RN	Nitrogen Oxide (NOX) Emissions	$3,000	$3,300	$4,050	N/A	$300	$330	$405
RO	Banked NOX Emissions Allowance	$2,000	$2,200	$2,700	N/A	$500	$550	$675
RP	One-Year Forward NOX Emissions Allowance	$2,000	$2,200	$2,700	N/A	$300	$330	$405
RQ	Two-Year Forward NOX Emissions Allowance	$2,000	$2,200	$2,700	N/A	$300	$330	$405
RR	Three-Year Forward NOX Emissions Allowance	$2,000	$2,200	$2,700	N/A	$500	$550	$675
RS	Sulfur Dioxide (SO₂) Emissions	$6,000	$6,600	$8,100	N/A	$500	$550	$675
Electricity Markets
JM	PJM Financially Settled Peak Monthly (Tier 1)	$10,000	$11,000	$13,500	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 2)	$7,500	$8,250	$10,125	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 3)	$6,000	$6,600	$8,100	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 4)	$4,500	$4,950	$6,075	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 5)	$3,500	$3,850	$4,725	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 6)	$3,000	$3,300	$4,050	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 7)	$4,000	$4,400	$5,400	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 8)	$3,500	$3,850	$4,725	N/A	$250	$275	$338
JP	PJM Financially Settled Off-Peak LMP (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
JP	PJM Financially Settled Off-Peak LMP (Tier 2)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
JP	PJM Financially Settled Off-Peak LMP (Tier 3)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
JP	PJM Financially Settled Off-Peak LMP (Tier 4)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
JW	PJM Financially Settled Weekly	$4,000	$4,400	$5,400	N/A	N/A	N/A	N/A
JD	PJM Financially Settled Daily	$3,000	$3,300	$4,050	N/A	N/A	N/A	N/A
KA	NYISO A Peak (Tier 1)	$4,500	$4,950	$6,075	$3,500	$500	$550	$675
KA	NYISO A Peak (Tier 2)	$3,000	$3,300	$4,050	$3,500	$100	$110	$135
KA	NYISO A Peak (Tier 3)	$2,500	$2,750	$3,375	$3,500	$100	$110	$135
KA	NYISO A Peak (Tier 4)	$2,000	$2,200	$2,700	$3,500	$100	$110	$135
KB	NYISO A Off-Peak (Tier 1)	$6,000	$6,600	$8,100	N/A	$500	$550	$675
KB	NYISO A Off-Peak (Tier 2)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
KB	NYISO A Off-Peak (Tier 3)	$6,000	$6,600	$8,100	N/A	$100	$110	$135
KB	NYISO A Off-Peak (Tier 4)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
AN	NYISO A Daily - Peak	$3,000	$3,300	$4,050	N/A	N/A	N/A	N/A
KG	NYISO G Peak (Tier 1)	$6,000	$6,600	$8,100	$3,500	$500	$550	$675
KG	NYISO G Peak (Tier 2)	$3,000	$3,300	$4,050	$3,500	$100	$110	$135
KG	NYISO G Peak (Tier 3)	$2,500	$2,750	$3,375	$3,500	$100	$110	$135
KG	NYISO G Peak (Tier 4)	$2,000	$2,200	$2,700	$3,500	$100	$110	$135
KH	NYISO G Off-Peak (Tier 1)	$6,000	$6,600	$8,100	N/A	$500	$550	$675
KH	NYISO G Off-Peak (Tier 2)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
KH	NYISO G Off-Peak (Tier 3)	$4,500	$4,950	$6,075	N/A	$100	$110	$135
KH	NYISO G Off-Peak (Tier 4)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
GN	NYISO G Daily - Peak	$3,000	$3,300	$4,050	N/A	N/A	N/A	N/A
KJ	NYISO J Peak (Tier 1)	$4,500	$4,950	$6,075	$3,500	$500	$550	$675
KJ	NYISO J Peak (Tier 2)	$3,000	$3,300	$4,050	$3,500	$100	$110	$135
KJ	NYISO J Peak (Tier 3)	$2,500	$2,750	$3,375	$3,500	$100	$110	$135
KJ	NYISO J Peak (Tier 4)	$2,000	$2,200	$2,700	$3,500	$100	$110	$135
KK	NYISO J Off-Peak (Tier 1)	$6,000	$6,600	$8,100	N/A	$500	$550	$675
KK	NYISO J Off-Peak (Tier 2)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
KK	NYISO J Off-Peak (Tier 3)	$4,500	$4,950	$6,075	N/A	$100	$110	$135
KK	NYISO J Off-Peak (Tier 4)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
JN	NYISO J Daily - Peak	$3,000	$3,300	$4,050	N/A	N/A	N/A	N/A
NI	ISO New England Peak (Tier 1)	$8,500	$9,350	$11,475	N/A	$500	$550	$675
NI	ISO New England Peak (Tier 2)	$7,500	$8,250	$10,125	N/A	$100	$110	$135
NI	ISO New England Peak (Tier 3)	$4,500	$4,950	$6,075	N/A	$100	$110	$135
NI	ISO New England Peak (Tier 4)	$3,500	$3,850	$4,050	N/A	$100	$110	$135
KI	ISO New England Off-Peak LMP (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
KI	ISO New England Off-Peak LMP (Tier 2)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
KI	ISO New England Off-Peak LMP (Tier 3)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
KI	ISO New England Off-Peak LMP (Tier 4)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
CE	ISO New England LMP Daily - Peak	$1,500	$1,650	$2,025	N/A	N/A	N/A	N/A
UM	Northern Illinois Hub Peak Monthly (Tier 1)	$8,000	$8,800	$10,800	N/A	$500	$550	$675
UM	Northern Illinois Hub Peak Monthly (Tier 2)	$6,000	$6,600	$8,100	N/A	$100	$110	$135
UM	Northern Illinois Hub Peak Monthly (Tier 3)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
UM	Northern Illinois Hub Peak Monthly (Tier 4)	$3,500	$3,850	$4,050	N/A	$100	$110	$135
UO	Northern Illinois Off-Peak Monthly (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
UO	Northern Illinois Off-Peak Monthly (Tier 2)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
UO	Northern Illinois Off-Peak Monthly (Tier 3)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
UO	Northern Illinois Off-Peak Monthly (Tier 4)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
UD	Northern Illinois Hub Peak Daily Electricity Futures	$2,500	$2,750	$3,375	N/A	N/A	N/A	N/A
VM	AEP-Dayton Hub Peak Monthly (Tier 1)	$8,000	$8,800	$10,800	N/A	$500	$550	$675
VM	AEP-Dayton Hub Peak Monthly (Tier 2)	$6,000	$6,600	$8,100	N/A	$100	$110	$135
VM	AEP-Dayton Hub Peak Monthly (Tier 3)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
VM	AEP-Dayton Hub Peak Monthly (Tier 4)	$3,500	$3,850	$4,050	N/A	$100	$110	$135
VP	AEP-Dayton Off-Peak Monthly (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
VP	AEP-Dayton Off-Peak Monthly (Tier 2)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
VP	AEP-Dayton Off-Peak Monthly (Tier 3)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
VP	AEP-Dayton Off-Peak Monthly (Tier 4)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
VD	AEP-Dayton Hub Daily Swap Futures	$3,000	$3,300	$4,050	N/A	N/A	N/A	N/A
DO	Dow Jones Mid-Columbia Electricity Price Index Futures (Tier 1)	$10,000	$11,000	$13,500	N/A	$500	$550	$675
DO	Dow Jones Mid-Columbia Electricity Price Index Futures (Tier 2)	$9,000	$9,900	$12,150	N/A	$100	$110	$135
DO	Dow Jones Mid-Columbia Electricity Price Index Futures (Tier 3)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
DO	Dow Jones Mid-Columbia Electricity Price Index Futures (Tier 4)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
DP	Dow Jones Palo Verde Electricity Price Index Futures (Tier 1)	$9,000	$9,900	$12,125	N/A	$500	$550	$675
DP	Dow Jones Palo Verde Electricity Price Index Futures (Tier 2)	$9,000	$9,900	$12,150	N/A	$100	$110	$135
DP	Dow Jones Palo Verde Electricity Price Index Futures (Tier 3)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
DP	Dow Jones Palo Verde Electricity Price Index Futures (Tier 4)	$6,500	$7,150	$8,775	N/A	$100	$110	$135
DN	Dow Jones North Path-15 Electricity Price Index Futures (Tier 1)	$9,000	$9,900	$12,150	N/A	$500	$550	$675
DN	Dow Jones North Path-15 Electricity Price Index Futures (Tier 2)	$9,000	$9,900	$12,150	N/A	$100	$110	$135
DN	Dow Jones North Path-15 Electricity Price Index Futures (Tier 3)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
DN	Dow Jones North Path-15 Electricity Price Index Futures (Tier 4)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
DV	Dow Jones South Path-15 Electricity Price Index Futures (Tier 1)	$10,000	$11,000	$13,500	N/A	$500	$550	$675
DV	Dow Jones South Path-15 Electricity Price Index Futures (Tier 2)	$9,000	$9,900	$12,150	N/A	$100	$110	$135
DV	Dow Jones South Path-15 Electricity Price Index Futures (Tier 3)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
DV	Dow Jones South Path-15 Electricity Price Index Futures (Tier 4)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
EM	Cinergy Hub Calendar-Month LMP Swap (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
EM	Cinergy Hub Calendar-Month LMP Swap (Tier 2)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
EM	Cinergy Hub Calendar-Month LMP Swap (Tier 3)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
EM	Cinergy Hub Calendar-Month LMP Swap (Tier 4)	$3,500	$3,850	$4,725	N/A	$100	$110	$135
EJ	Cinergy Hub Off-Peak LMP Swap (Tier 1)	$3,500	$3,850	$4,725	N/A	$500	$550	$675
EJ	Cinergy Hub Off-Peak LMP Swap (Tier 2)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
EJ	Cinergy Hub Off-Peak LMP Swap (Tier 3)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
EJ	Cinergy Hub Off-Peak LMP Swap (Tier 4)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
CC	Cinergy Hub LMP Swap (Daily Peak)	$1,000	$1,100	$1,350	N/A	N/A	N/A	N/A
HM	Michigan Hub Calendar-Month LMP Swap	$6,500	$7,150	$8,775	N/A	$1,200	$1,320	$1,620
HJ	Michigan Hub Off-Peak LMP Swap	$3,500	$3,850	$4,725	N/A	$1,500	$1,650	$2,025
OM	MISO Illinois Hub Calendar-Month LMP Swap	$3,500	$3,850	$4,725	N/A	$1,200	$1,320	$1,620
OJ	MISO Illinois Hub Off-Peak LMP Swap	$2,500	$2,750	$3,375	N/A	$1,000	$1,100	$1,350
LM	Minnesota Hub Calendar-Month LMP Swap	$3,500	$3,850	$4,725	N/A	$1,800	$1,980	$2,430
LJ	Minnesota Hub Off-Peak LMP Swap	$4,500	$4,950	$6,075	N/A	$2,500	$2,750	$3,375
VC	ERCOT Sellers Choice Calendar Day Peak Swap (Platts Megawatt Daily) Contract	$1,500	$1,650	$2,025	N/A	$250	$275	$338
HE	ERCOT Houston Calendar Day Peak Swap (Platts Megawatt Daily) Contract	$2,500	$2,750	$3,375	N/A	$250	$275	$338
MC	ERCOT North Calendar Day Peak Swap (Platts Megawatt Daily) Contract	$2,000	$2,200	$2,700	N/A	$250	$275	$338
VY	ERCOT Hub Average MCPE Trading Hub Calendar Day Peak Swap Contract	$2,000	$2,200	$2,700	N/A	$250	$275	$338
HY	ERCOT Houston MCPE Trading Hub Calendar Day Peak Swap Contract	$3,000	$3,300	$4,050	N/A	$250	$275	$338
MY	ERCOT North MCPE Trading Hub Calendar Day Peak Swap Contract	$2,500	$2,750	$3,375	N/A	$250	$275	$338
VT	ERCOT Sellers Choice Peak Swap (Platts Megawatt Daily) Contract	$6,000	$6,600	$8,100	N/A	$250	$275	$338
HT	ERCOT Houston Peak Swap (Platts Megawatt Daily) Contract	$7,000	$7,700	$9,450	N/A	$250	$275	$338
MT	ERCOT North Peak Swap (Platts Megawatt Daily) Contract	$7,000	$7,700	$9,450	N/A	$250	$275	$338
VN	ERCOT Hub Average MCPE Trading Hub Peak Swap Contract	$5,000	$5,500	$6,750	N/A	$250	$275	$338
HN	ERCOT Houston MCPE Trading Hub Peak Swap Contract	$7,500	$8,250	$10,125	N/A	$250	$275	$338
MN	ERCOT North MCPE Trading Hub Peak Swap Contract	$7,500	$8,250	$10,125	N/A	$250	$275	$338

Notes

The additional spot month assessment is applied in two increments. First, $100 on positions at the close of business on the business day preceding termination. Second, an additional $2,900 on positions at the close of business on the day of termination.

The additional spot month assessment is effective on the first business day of trading for the current delivery month.

For cleared contracts, the additional spot month assessment is effective on the day submission deadline terminates.

⁴

For traded contracts, the additional spot month assessment is effective as of the close of business one day prior to the last trading day.

Tier Requirements: Outright Margins, Intra-Commodity Spread Margins

†

Outright Margin Tiers

2 Tiers

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd nearby and Greater

3 Tiers

Tier 1: 1st through 2nd nearby month
Tier 2: 3rd through 5th nearby month
Tier 3: Greater than 5th nearby month

3 Tiers
(Natural Gas Index Swaps)

Tier 1: 1st through 2nd nearby month
Tier 2: 3rd nearby month
Tier 3: 4th nearby and Greater

3 Tiers
(RB, RL, RT, QU)

Tier 1: 1st nearby month
Tier 2: 2nd through 5th nearby month
Tier 3: Greater than 5th nearby month

4 Tiers

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

4 Tiers
(HO, HK, MP, BH)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 8th nearby month
Tier 3: 9th through 12th nearby month
Tier 4: Greater than 12th nearby month

5 Tiers

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

5 Tiers
(CI, NR)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 6th nearby month
Tier 3: 7th through 9th nearby month
Tier 4: 10th through 16th nearby month
Tier 5: Greater than 16th nearby month

5 Tiers
(NV, TA)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd nearby month
Tier 3: 3rd through 4th nearby month
Tier 4: 5th through 11th nearby month
Tier 5: Greater than 11th nearby month

5 Tiers
(NX, NZ)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 5th nearby month
Tier 3: 6th through 10th nearby month
Tier 4: 11th through 17th nearby month
Tier 5: Greater than 17th nearby month

5 Tiers
(SZ)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd nearby month
Tier 3: 3rd through 4th nearby month
Tier 4: 5th through 9th nearby month
Tier 5: Greater than 9th nearby month

8 Tiers
(JM)

Tier 1: 1st nearby month

Tier 2: 2nd through 4th nearby month

Tier 3: 5th through 6th nearby month

Tier 4: 7th through 8th nearby month

Tier 5: 9th through 10th nearby month

Tier 6: 11th through 12th nearby month

Tier 7: 13th through 16th nearby month

Tier 8: Greater than 16th nearby month

9 Tiers
(HH, HP, NG, NN, NP, QG)

Tier 1: 1st nearby month

Tier 2: 2nd nearby month

Tier 3: 3rd nearby month

Tier 4: 4th through 6th nearby month

Tier 5: 7th through 18th nearby month

Tier 6: 19th through 30th nearby month

Tier 7: 31st through 42nd nearby month

Tier 8: 43rd through 54th nearby month

Tier 9: Greater than 54th nearby month

Intra-Commodity Spread Tiers

4 Tiers
(GX)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 6th nearby month
Tier 3: 7th through 11th nearby month
Tier 4: Greater than 11th nearby month

4 Tiers
(CL, BB, WS)

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

4 Tiers
(HO, HK, MP, BH, QH)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 8th nearby month
Tier 3: 9th through 12th nearby month
Tier 4: Greater than 12th nearby month

3 Tiers
(RB, RL, RT, QU)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 8th nearby month
Tier 3: Greater than 8th nearby month

5 Tiers
(NX, NZ)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 5th nearby month
Tier 3: 6th through 10th nearby month
Tier 4: 11th through 17th nearby month
Tier 5: Greater than 17th nearby month