NYMEX.com: PJM Electricity Futures - Monthly Contract

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PJM Electricity Futures - Monthly Contract


		Contract Details

		Description


		Specifications


		Margins


		Termination Schedule


		Terms & Conditions


		Registered Brokers


		Calculating Variable Units


		Settlements

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



	Tier 1: $14,850				Tier 1: $12,100				Tier 1: $11,000

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



	Tier 2: $8,100				Tier 2: $6,600				Tier 2: $6,000

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



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

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



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

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



	Tier 5: $3,375				Tier 5: $2,750				Tier 5: $2,500

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



	Tier 6: $2,700				Tier 6: $2,200				Tier 6: $2,000

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



	Tier 7: $4,050				Tier 7: $3,300				Tier 7: $3,000

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



	Tier 8: $3,375				Tier 8: $2,750				Tier 8: $2,500

Non-Member Customer Initial

Member Customer Initial

Clearing Member and Customer Maintenance

Assessments Spot Month

Group 1

Group 2

Group 3

Group 4

Group 5

Group 6

Group 7

Group 8

135%

110%

$250*

$250*

$250*

$250*

$250*

$250*

$250*

$250*

N/A

NOTES:

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

†	The spot month assessment will take place in two increments. First, $600 on positions at the close of business on the business day preceding termination. Second, an additional $2,400 on positions at the close of business on the day of termination.

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