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NYMEX ClearPortÂ®



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		Description


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		Margins


		Termination Schedule




		Swing Swaps

		Specifications


		Margins

Kern River, Wyoming Basis Futures

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



	$2,700 (Tier 1)				$2,200 (Tier 1)				$2,000 (Tier 1)				N/A

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



	$2,025 (Tier 2)				$1,650 (Tier 2)				$1,500 (Tier 2)				N/A

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



	$2,025 (Tier 3)				$1,650 (Tier 3)				$1,500 (Tier 3)				N/A

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



	$2,025 (Tier 4)				$1,650 (Tier 4)				$1,500 (Tier 4)				N/A

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



	$2,025 (Tier 5)				$1,650 (Tier 5)				$1,500 (Tier 5)				N/A

	Spread				Priority				Ratio				Credit



	NV:NR				230				1:1				65%


	NV:CI				231				1:1				65%

NOTES:

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

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