The following margin intervals, inter-commodity spread credits, and intra-commodity spread charges have been established for ChemConnect.

Margin Intervals

Product	Code	Rate
Ethane Enterprise Forward	HA	$1,200
Ethane Enterprise Swap	HB	$1,200
Propane TET Forward	HC	$1,650
Propane TET Swap	HD	$1,650

Inter-Commodity Spread Credits

Product	Spread Credit	Spread Margin
Ethane Enterprise Forward vs. Ethane Enterprise Swap	85%	15%
Propane TET Forward vs. Propane TET Swap	85%	15%

Intra-Commodity Spread Charges

Product	Spread Charge for all Tiers
Ethane Enterprise Forward	$200
Ethane Enterprise Swap	$200
Propane TET Forward	$200
Propane TET Swap	$200

Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives:

John Compall		john.compall@clearingcorp.com
Marc MacQuarrie	786-5732	marc.macquarrie@clearingcorp.com
Jill Turner	786-5718	jill.turner@clearingcorp.com
Thomas Andrews	Director	thomas.andrews@clearingcorp.com
Client Services and Support E-Mail Address		css@clearingcorp.com
Clearing Corporation Web Site		http://www.clearingcorp.com