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VOLUME 24 – BULLETIN #036
TO:
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ALL CLEARING PARTICIPANTS
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FROM:
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CLIENT SERVICES AND SUPPORT
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DATE:
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May 18, 2004
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SUBJECT:
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Margin Updates - ChemConnect
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The following margin intervals, inter-commodity spread credits, and intra-commodity spread charges have been established for ChemConnect.
Margin Intervals
Product
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Code
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Rate
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Ethane Enterprise Forward
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HA
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$1,200
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Ethane Enterprise Swap
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HB
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$1,200
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Propane TET Forward
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HC
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$1,650
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Propane TET Swap
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HD
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$1,650
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Inter-Commodity Spread Credits
Product
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Spread Credit
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Spread Margin
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Ethane Enterprise Forward vs. Ethane Enterprise Swap
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85%
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15%
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Propane TET Forward vs. Propane TET Swap
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85%
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15%
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Intra-Commodity Spread Charges
Product
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Spread Charge for all Tiers
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Ethane Enterprise Forward
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$200
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Ethane Enterprise Swap
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$200
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Propane TET Forward
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$200
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Propane TET Swap
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$200
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Should you have any questions, please call or e-mail one of the following Client Services and Support Representatives:
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