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Houston Ship Channel Basis Swap
Non-Member Customer InitialMember Customer InitialClearing Member and Customer MaintenanceAssessments Spot Month
Tier 1: $405Tier 1: $330Tier 1: $300N/A

Non-Member Customer InitialMember Customer InitialClearing Member and Customer MaintenanceAssessments Spot Month
Tier 2: $270Tier 2: $220Tier 2: $200N/A

Non-Member Customer InitialMember Customer InitialClearing Member and Customer MaintenanceAssessments Spot Month
Tier 3: $270Tier 3: $220Tier 3: $200N/A

Non-Member Customer InitialMember Customer InitialClearing Member and Customer MaintenanceAssessments Spot Month
Tier 4: $135Tier 4: $110Tier 4: $100N/A

Non-Member Customer InitialMember Customer InitialClearing Member and Customer MaintenanceAssessments Spot Month
Tier 5: $135Tier 5: $110Tier 5: $100N/A

Inter-Commodity Straddle Margin 
Tier 1 - Any Spread$25

† Effective on the day submission deadline terminates.

NOTES
* 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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