New York Mercantile Exchange
Contact UsGlossaryLogin
Search  


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

Tier Requirements

View Inter-Commodity Spread Credits
If you would like to receive e-mail notifications
when Exchange margins change, please enter your
e-mail address below, and click submit.



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
CL Crude Oil
$7,250 $7,975 $9,788 $3,0001 $400 $250 $150 $100 N/A N/A N/A N/A N/A
NG Natural Gas (Tier 1) $7,250 $7,975 $9,788 $3,0001 $750 N/A N/A N/A N/A N/A N/A N/A N/A
NG Natural Gas (Tier 2) $7,250 $7,975 $9,788 N/A N/A $500 N/A N/A N/A N/A N/A N/A N/A
NG Natural Gas (Tier 3) $7,500 $8,250 $10,125 N/A N/A N/A $500 N/A N/A N/A N/A N/A N/A
NG Natural Gas (Tier 4) $7,750 $8,525 $10,463 N/A N/A N/A N/A $500 N/A N/A N/A N/A N/A
NG Natural Gas (Tier 5) $5,500 $6,050 $7,425 N/A N/A N/A N/A N/A $500 N/A N/A N/A N/A
NG Natural Gas (Tier 6) $5,500 $6,050 $7,425 N/A N/A N/A N/A N/A N/A $500 N/A N/A N/A
NG Natural Gas (Tier 7)
$4,500
$4,950
$6,075
N/A N/A N/A N/A N/A N/A N/A $500 N/A N/A
NG Natural Gas (Tier 8) $4,250 $4,675 $5,738 N/A N/A N/A N/A N/A N/A N/A N/A $500 N/A
NG Natural Gas (Tier 9) $3,750 $4,125 $5,063 N/A N/A N/A N/A N/A N/A N/A N/A N/A $250
HO Heating Oil (Tier 1) $7,500 $8,250 $10,125 $3,0001 $250 N/A N/A N/A N/A N/A N/A N/A N/A
HO Heating Oil (Tier 2)
$7,000
$7,700
$9,450
N/A N/A $150 N/A N/A N/A N/A N/A N/A N/A
HO Heating Oil (Tier 3) $6,250 $6,875 $8,438 N/A N/A N/A $150 N/A N/A N/A N/A N/A N/A
HO Heating Oil (Tier 4) $5,750 $6,325 $7,763 N/A N/A N/A N/A $100 N/A N/A N/A N/A N/A
RB RBOB Gasoline (Tier 1) $7,250 $7,975 $9,788 $3,0001 $200 N/A N/A N/A N/A N/A N/A N/A N/A
RB RBOB Gasoline (Tier 2)
$6,750
$7,425
$9,113
N/A N/A $200 N/A N/A N/A N/A N/A N/A N/A
RB RBOB Gasoline (Tier 3)
$6,250
$6,875
$8,438
N/A N/A N/A $150 N/A N/A N/A N/A N/A N/A
RB RBOB Gasoline (Tier 4)
$6,000
$6,600
$8,100
N/A N/A N/A NA $200 N/A N/A N/A N/A N/A
RE
Russian Export Blend Crude Oil (REBCO)
$7,500
$8,250
$10,125
N/A $400 $250 $150 $100 N/A N/A N/A N/A N/A
PN Propane Gas $3,250 $3,575 $4,388 $3,0001 $400 $250 N/A N/A N/A N/A N/A N/A N/A
QL CAPP Coal $11,000 $12,100 $14,850 $3,0001 $400 $250 $150 $100 N/A N/A N/A N/A N/A
QP PRB Coal Swap $2,500 $2,750 $3,375 N/A $400 $250 $150 $100 N/A N/A N/A N/A N/A
QX CSX Coal Swap $5,000 $5,500 $6,750 N/A $250 N/A N/A N/A N/A N/A N/A N/A N/A
PL Platinum
$6,000
$6,600
$8,100
$1,0002 $500 $300 N/A N/A N/A N/A N/A N/A N/A
PA Palladium
$2,750
$3,025
$3,713
$1,0002 $500 $300 N/A N/A N/A N/A N/A N/A N/A
CH Heating Oil Crack Spread Options $600 $660 $810 N/A $200 $100 N/A N/A N/A N/A N/A N/A N/A
CG Gasoline Crack Spread Options $600 $660 $810 N/A $200 $100 N/A N/A N/A N/A N/A N/A N/A
QE New York Harbor Ethanol
$4,500
$4,950
$6,075
$3,0005 $400 N/A N/A N/A N/A N/A N/A N/A 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
UX Uranium $2,000 $2,000 $2,700 N/A $500 N/A N/A N/A N/A N/A N/A N/A N/A
QM NYMEX miNY™ Crude Oil
$3,625 $3,988 $4,894 N/A $125 N/A N/A N/A N/A N/A N/A N/A N/A
BB Brent Crude Oil
$7,000
$7,700
$9,450
N/A $400 $250 $150 $100 N/A N/A N/A N/A N/A
BZ Brent Crude Oil - Last Day
$7,000
$7,700
$9,450
N/A $400 $250 $150 $100 N/A N/A N/A N/A N/A
CY Brent Crude Oil
$7,000
$7,700
$9,450
N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
WX NYMEX 321 PLUS Index $2,500 $2,750 $3,375 N/A $300 N/A N/A N/A N/A N/A N/A N/A N/A
QG NYMEX miNY™ Natural Gas (Tier 1)
$1,813
$1,994
$2,447
N/A $188 N/A N/A N/A N/A N/A N/A N/A N/A
QG NYMEX miNY™ Natural Gas (Tier 2)
$1,813
$1,994
$2,447
N/A N/A $125 N/A N/A N/A N/A N/A N/A N/A
QG NYMEX miNY™ Natural Gas (Tier 3) $1,875 $2,063 $2,531 N/A N/A N/A $125 N/A N/A N/A N/A N/A N/A
QG NYMEX miNY™ Natural Gas (Tier 4) $1,938 $2,131 $2,616 N/A N/A N/A N/A $125 N/A N/A N/A N/A N/A
QG NYMEX miNY™ Natural Gas (Tier 5) $1,375 $1,513 $1,856 N/A N/A N/A N/A N/A $125 N/A N/A N/A N/A
QG NYMEX miNY™ Natural Gas (Tier 6) $1,375 $1,513 $1,856 N/A N/A N/A N/A N/A N/A $125 N/A N/A N/A
QG NYMEX miNY™ Natural Gas (Tier 7) $1,125 $1,238 $1,519 N/A N/A N/A N/A N/A N/A N/A $125 N/A N/A
QG NYMEX miNY™ Natural Gas (Tier 8) $1,063 $1,169 $1,434 N/A N/A N/A N/A N/A N/A N/A N/A $125 N/A
QG NYMEX miNY™ Natural Gas (Tier 9) $938 $1,031 $1,266 N/A N/A N/A N/A N/A N/A N/A N/A N/A $63
QH NYMEX miNY™ Heating Oil (Tier 1)
$3,750
$4,125
$5,063
N/A $125 N/A N/A N/A N/A N/A N/A N/A N/A
QH NYMEX miNY™ Heating Oil (Tier 2)
$3,500
$3,850
$4,725
N/A N/A $75 N/A N/A N/A N/A N/A N/A N/A
QH NYMEX miNY™ Heating Oil (Tier 3)
$3,125
$3,438
$4,219
N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
QH NYMEX miNY™ Heating Oil (Tier 4) $2,875 $3,163 $3,881 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
RT RBOB Gasoline (Tier 1) $7,250 $7,975 $9,788 N/A $200 N/A N/A N/A N/A N/A N/A N/A N/A
RT RBOB Gasoline (Tier 2)
$6,750
$7,425
$9,113
N/A N/A $200 N/A N/A N/A N/A N/A N/A N/A
RT RBOB Gasoline (Tier 3)
$6,250
$6,875
$8,438
N/A N/A N/A $150 N/A N/A N/A N/A N/A N/A
RT RBOB Gasoline (Tier 4)
$6,000
$6,600
$8,100
N/A N/A N/A N/A $150 N/A N/A N/A N/A N/A
LR Gulf Coast Gasoline
$4,000
$4,400
$5,400
$3,000 $500 N/A N/A N/A N/A N/A N/A N/A N/A
LU Gulf Coast Ultra Low Sulfur Diesel (ULSD)
$6,000
$6,600
8,100
$3,000 $480 N/A N/A N/A N/A N/A N/A N/A N/A
QU NYMEX miNY™ Gasoline (Tier 1) $3,625 $3,988 $4,894 N/A $125 N/A N/A N/A N/A N/A N/A N/A N/A
QU NYMEX miNY™ Gasoline (Tier 2) $3,375 $3,713 $4,556 N/A $250 N/A N/A N/A N/A N/A N/A N/A N/A
QU NYMEX miNY™ Gasoline (Tier 3) $3,125 $3,438 $4,219 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
QU NYMEX miNY™ Gasoline (Tier 4) $3,000 $3,000 $4,050 N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
QC COMEX miNY™ Copper $2,875 $2,875 $3,882 N/A $40 N/A N/A N/A N/A N/A N/A N/A N/A
QO COMEX miNY™ Gold $2,000 $2,000 $2,700 N/A $25 N/A N/A N/A N/A N/A N/A N/A N/A
QI COMEX miNY™ Silver $2,875 $2,875 $3,882 N/A $40 N/A N/A N/A N/A N/A N/A N/A N/A
QS COMEX Asian Gold $1,286 $1,286 $1,736 N/A $20 N/A N/A N/A N/A N/A N/A N/A N/A
QR NYMEX Asian Platinum $1,929 $2,122 $2,605 N/A $160 N/A N/A N/A N/A N/A N/A N/A N/A
QT NYMEX Asian Palladium
$442
$486
$597
N/A $80 N/A N/A N/A N/A N/A N/A N/A N/A
LK COMEX London Copper Grade A
$2,200
$2,200
$2,970
N/A $80 N/A N/A N/A N/A N/A N/A N/A N/A
LZ COMEX London SHG Zinc $3,000 $3,000 $4,050 N/A $160 N/A N/A N/A N/A N/A N/A N/A N/A
LA COMEX London Primary Aluminum $1,400 $1,400 $1,890 N/A $80 N/A N/A N/A N/A N/A N/A N/A N/A
CJ NYMEX Cocoa $2,500 $2,750 $3,375 N/A $150 N/A N/A N/A N/A N/A N/A N/A N/A
KT NYMEX Coffee $5,000 $5,500 $6,750 N/A $150 N/A N/A N/A N/A N/A N/A N/A N/A
TT NYMEX Cotton $3,500 $3,850 $4,725 N/A $300 N/A N/A N/A N/A N/A N/A N/A N/A
YO NYMEX Sugar #11
$1,500
$1,650
$2,025
N/A $200 N/A N/A N/A N/A N/A N/A N/A N/A
AX Ardour Global XL Equity Index Futures
$3,500
$3,850
$4,725
N/A
XC NYMEX Crude Oil MACI Index
$1,450
$1,595
$1,958
N/A
XK NYMEX Crude Oil Backwardation/Contango Index $200 $220 $270 N/A
WU Nationwide Catastrophe Insurance $8,000 $8,800 $10,800 N/A
WY Texas to Maine (except Florida) Catastrophe Insurance $3,500 $3,850 $4,725 N/A
WF 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 $2,250 $2,250 $3,038 $80 $80 $108
HG Copper $5,750 $5,750 $7,763 $80 $80 $108
GC Gold $4,000 $4,000 $5,400 $50 $50 $68
SI Silver $5,750 $5,750 $7,763 $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 Clearing Member/ Maintenance Member Initial Non-Member Customer Initial

Natural Gas Markets
NN Henry Hub Swap (Tier 1)
$1,813
$1,994
$2,447
$750 $188 $206 $253
NN Henry Hub Swap (Tier 2)
$1,813
$1,994
$2,447
N/A $125 $138 $169
NN Henry Hub Swap (Tier 3) $1,875 $2,063 $2,531 N/A $125 $138 $169
NN Henry Hub Swap (Tier 4) $1,938 $2,131 $2,616 N/A $125 $138 $169
NN Henry Hub Swap (Tier 5) $1,375 $1,513 $1,856 N/A $125 $138 $169
NN Henry Hub Swap (Tier 6) $1,375 $1,513 $1,856 N/A $125 $138 $169
NN Henry Hub Swap (Tier 7) $1,125 $1,238 $1,519 N/A $125 $138 $169
NN Henry Hub Swap (Tier 8) $1,063 $1,169 $1,434 N/A $125 $138 $169
NN Henry Hub Swap (Tier 9) $938 $1,031 $1,266 N/A $63 $69 $84
NP Henry Hub Penultimate Swap (Tier 1)
$1,813
$1,994
$2,447
N/A $188 $206 $253
NP Henry Hub Penultimate Swap (Tier 2)
$1,813
$1,994
$2,447
N/A $125 $138 $169
NP Henry Hub Penultimate Swap (Tier 3) $1,875 $2,063 $2,531 N/A $125 $138 $169
NP Henry Hub Penultimate Swap (Tier 4) $1,938 $2,131 $2,616 N/A $125 $138 $169
NP Henry Hub Penultimate Swap (Tier 5) $1,375 $1,513 $1,856 N/A $125 $138 $169
NP Henry Hub Penultimate Swap (Tier 6) $1,375 $1,513 $1,856 N/A $125 $138 $169
NP Henry Hub Penultimate Swap (Tier 7) $1,125 $1,238 $1,519 N/A $125 $138 $169
NP Henry Hub Penultimate Swap (Tier 8) $1,063 $1,169 $1,434 N/A $125 $138 $169
NP Henry Hub Penultimate Swap (Tier 9) $938 $1,031 $1,266 N/A $63 $69 $84
HP Natural Gas Penultimate (Tier 1) $7,250 $7,975 $9,788 N/A
HP Natural Gas Penultimate (Tier 2) $7,250 $7,975 $9,788 N/A
HP Natural Gas Penultimate (Tier 3) $7,500 $8,250 $10,125 N/A
HP Natural Gas Penultimate (Tier 4) $7,750 $8,525 $10,463 N/A
HP Natural Gas Penultimate (Tier 5) $5,500 $6,050 $7,425 N/A
HP Natural Gas Penultimate (Tier 6) $5,500 $6,050 $7,425 N/A
HP Natural Gas Penultimate (Tier 7)
$4,500
$4,950
$6,075
N/A
HP Natural Gas Penultimate (Tier 8) $4,250 $4,675 $5,738 N/A
HP Natural Gas Penultimate (Tier 9) $3,750 $4,125 $5,063 N/A
HH Natural Gas Last Day (Tier 1) $7,250 $7,975 $9,788 N/A
HH Natural Gas Last Day (Tier 2) $7,250 $7,975 $9,788 N/A
HH Natural Gas Last Day (Tier 3) $7,500 $8,250 $10,125 N/A
HH Natural Gas Last Day (Tier 4) $7,750 $8,525 $10,463 N/A
HH Natural Gas Penultimate (Tier 5) $5,500 $6,050 $7,425 N/A
HH Natural Gas Last Day (Tier 6) $5,500 $6,050 $7,425 N/A
HH Natural Gas Last Day (Tier 7)
$4,500
$4,950
$6,075
N/A
HH Natural Gas Last Day (Tier 8) $4,250 $4,675 $5,738 N/A
HH Natural Gas Last Day (Tier 9) $3,750 $4,125 $5,063 N/A
WS Crude Oil $7,250 $7,975 $9,788 N/A
BH Heating Oil (Tier 1) $7,500 $8,250 $10,125 N/A
BH Heating Oil (Tier 2)
$7,000
$7,700
$9,450
N/A
BH Heating Oil (Tier 3) $6,250 $6,875 $8,438 N/A