NYMEX.com: Exchange Wide Data

Exchange-Wide Margin Requirements

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

Tier Requirements

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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^†

Crude Oil

$5,250

$5,775

$7,088

$3,000¹

$600

$500

$400

N/A

WTI Calendar Swap

$5,250

$5,775

$7,088

N/A

$600

$500

$400

N/A

Crude Oil

$5,250

$5,775

$7,088

N/A

$600

$500

$400

N/A

Natural Gas (Tier 1)

$5,000

$5,500

$6,750

$3,000¹

$500

N/A

Natural Gas (Tier 2)

$4,750

$5,225

$6,413

N/A

$500

N/A

Natural Gas (Tier 3)

$4,500

$4,950

$6,075

N/A

$500

N/A

Natural Gas (Tier 4)

$4,500

$4,950

$6,075

N/A

$500

N/A

Natural Gas (Tier 5)

$4,000

$4,400

$5,400

N/A

$500

N/A

Natural Gas (Tier 6)

$3,500

$3,850

$4,725

N/A

$500

N/A

Natural Gas (Tier 7)

$3,250

$3,575

$4,388

N/A

$500

N/A

Natural Gas (Tier 8)

$3,000

$3,300

$4,050

N/A

$500

N/A

Natural Gas (Tier 9)

$3,000

$3,300

$4,050

N/A

$250

Heating Oil (Tier 1)

$6,250

$6,875

$8,438

$3,000¹

$250

N/A

Heating Oil (Tier 2)

$6,000

$6,600

$8,100

N/A

$200

N/A

Heating Oil (Tier 3)

$6,000

$6,600

$8,100

N/A

$200

N/A

Heating Oil (Tier 4)

$5,750

$6,325

$7,763

N/A

$150

N/A

RBOB Gasoline (Tier 1)

$7,000

$7,700

$9,450

$3,000¹

$200

N/A

RBOB Gasoline (Tier 2)

$6,500

$7,150

$8,775

N/A

$200

N/A

RBOB Gasoline (Tier 3)

$6,750

$7,425

$9,113

N/A

$150

N/A

RBOB Gasoline (Tier 4)

$6,000

$6,600

$8,100

N/A

$200

N/A

Russian Export Blend Crude Oil (REBCO)

$8,000

$8,800

$10,800

N/A

$400

$250

$150

$100

N/A

Propane Gas

$3,250

$3,575

$4,388

$3,000¹

$400

$250

N/A

CAPP Coal

$14,000

$15,400

$18,900

$3,000¹

$400

$250

$150

$100

N/A

PRB Coal Swap

$1,500

$1,650

$2,025

N/A

$400

$250

$150

$100

N/A

CSX Coal Swap

$12,500

$13,750

$16,875

N/A

$250

N/A

Platinum

$6,000

$6,600

$8,100

$1,000²

$500

$300

N/A

Palladium

$2,750

$3,025

$3,713

$1,000²

$500

$300

N/A

Heating Oil Crack Spread Options

$600

$660

$810

N/A

$200

$100

N/A

New York Harbor Ethanol

$4,000

$4,400

$5,400

$3,000⁵

$400

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^†

U.S. Midwest Domestic Hot-Rolled Coil Steel

$950

$1,045

$1,283

N/A

$100

N/A

Uranium

$1,200

$1,320

$1,620

N/A

$500

N/A

NYMEX miNY™ Crude Oil

$2,625

$2,888

$3,544

N/A

$125

N/A

Brent Crude Oil

$6,500

$7,150

$8,775

N/A

$450

$400

$300

N/A

Brent Crude Oil - Last Day

$5,500

$6,050

$7,425

N/A

$450

$400

$300

N/A

Brent Crude Oil

$5,500

$6,050

$7,425

N/A

$450

$400

$300

N/A

NYMEX miNY™ Natural Gas (Tier 1)

$1,250

$1,375

$1,688

N/A

$188

N/A

NYMEX miNY™ Natural Gas (Tier 2)

$1,188

$1,306

$1,603

N/A

$125

N/A

NYMEX miNY™ Natural Gas (Tier 3)

$1,125

$1,238

$1,519

N/A

$125

N/A

NYMEX miNY™ Natural Gas (Tier 4)

$1,125

$1,238

$1,519

N/A

$125

N/A

NYMEX miNY™ Natural Gas (Tier 5)

$1,000

$1,100

$1,350

N/A

$125

N/A

NYMEX miNY™ Natural Gas (Tier 6)

$875

$963

$1,181

N/A

$125

N/A

NYMEX miNY™ Natural Gas (Tier 7)

$813

$894

$1,097

N/A

$125

N/A

NYMEX miNY™ Natural Gas (Tier 8)

$750

$825

$1,013

N/A

$125

N/A

NYMEX miNY™ Natural Gas (Tier 9)

$750

$825

$1,013

N/A

$63

NYMEX miNY™ Heating Oil (Tier 1)

$3,125

$3,438

$4,219

N/A

$125

N/A

NYMEX miNY™ Heating Oil (Tier 2)

$3,000

$3,300

$4,050

N/A

$75

N/A

NYMEX miNY™ Heating Oil (Tier 3)

$3,000

$3,300

$4,050

N/A

NYMEX miNY™ Heating Oil (Tier 4)

$2,875

$3,163

$3,881

N/A

RBOB Gasoline (Tier 1)

$7,000

$7,700

$9,450

N/A

$200

N/A

RBOB Gasoline (Tier 2)

$6,500

$7,150

$8,775

N/A

$200

N/A

RBOB Gasoline (Tier 3)

$6,750

$7,425

$9,113

N/A

$150

N/A

RBOB Gasoline (Tier 4)

$6,000

$6,600

$8,100

N/A

$150

N/A

Gulf Coast Gasoline

$4,000

$4,400

$5,400

$3,000

$500

N/A

Gulf Coast Ultra Low Sulfur Diesel (ULSD)

$6,000

$6,600

8,100

$3,000

$480

N/A

NYMEX miNY™ Gasoline (Tier 1)

$3,500

$3,850

$4,725

N/A

$125

N/A

NYMEX miNY™ Gasoline (Tier 2)

$3,250

$3,575

$4,388

N/A

$250

N/A

NYMEX miNY™ Gasoline (Tier 3)

$3,375

$3,713

$4,556

N/A

NYMEX miNY™ Gasoline (Tier 4)

$3,000

$3,300

$4,050

N/A

COMEX miNY™ Copper

$2,875

$3,882

N/A

$40

N/A

COMEX miNY™ Gold

$2,000

$2,699

N/A

$25

N/A

COMEX miNY™ Silver

$3,200

$4,320

N/A

$40

N/A

COMEX Asian Gold

$1,286

$1,736

N/A

$20

N/A

NYMEX Asian Platinum

$1,929

$2,122

$2,605

N/A

$160

N/A

NYMEX Asian Palladium

$442

$486

$597

N/A

$80

N/A

NYMEX Cocoa

$2,000

$2,200

$2,700

N/A

$150

N/A

NYMEX Coffee

$4,000

$4,400

$5,400

N/A

$150

N/A

NYMEX Cotton

$2,500

$2,750

$3,375

N/A

$300

N/A

NYMEX Sugar #11

$1,200

$1,320

$1,620

N/A

$200

N/A

Ardour Global XL Equity Index Futures

$3,500

$3,850

$4,725

N/A

NYMEX Crude Oil MACI Index

$1,050

$1,155

$1,417

N/A

NYMEX Crude Oil Backwardation/Contango Index

$200

$220

$270

N/A

Nationwide Catastrophe Insurance

$8,000

$8,800

$10,800

N/A

Texas to Maine (except Florida) Catastrophe Insurance

$3,500

$3,850

$4,725

N/A

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	$3,999	$3,999	$5,399	$50	$50	$68
SI	Silver	$6,400	$6,400	$8,640	$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	Additional Spot Month Assessment ^{3, 4}	Clearing Member/ Maintenance	Member Initial	Non-Member Customer Initial
Natural Gas Markets
NN	Henry Hub Swap (Tier 1)	$1,250	$1,375	$1,688	$750	$188	$206	$253
NN	Henry Hub Swap (Tier 2)	$1,188	$1,306	$1,603	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 3)	$1,125	$1,238	$1,519	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 4)	$1,125	$1,238	$1,519	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 5)	$1,000	$1,100	$1,350	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 6)	$875	$963	$1,181	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 7)	$813	$894	$1,097	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 8)	$750	$825	$1,013	N/A	$125	$138	$169
NN	Henry Hub Swap (Tier 9)	$750	$825	$1,013	N/A	$63	$69	$84
NP	Henry Hub Penultimate Swap (Tier 1)	$1,250	$1,375	$1,688	N/A	$188	$206	$253
NP	Henry Hub Penultimate Swap (Tier 2)	$1,188	$1,306	$1,603	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 3)	$1,125	$1,238	$1,519	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 4)	$1,125	$1,238	$1,519	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 5)	$1,000	$1,100	$1,350	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 6)	$875	$963	$1,181	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 7)	$813	$894	$1,097	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 8)	$750	$825	$1,013	N/A	$125	$138	$169
NP	Henry Hub Penultimate Swap (Tier 9)	$750	$825	$1,013	N/A	$63	$69	$84
HP	Natural Gas Penultimate (Tier 1)	$5,000	$5,500	$6,750	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 2)	$4,750	$5,225	$6,413	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 3)	$4,500	$4,950	$6,075	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 4)	$4,500	$4,950	$6,075	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 5)	$4,000	$4,400	$5,400	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 6)	$3,500	$3,850	$4,725	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 7)	$3,250	$3,575	$4,388	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 8)	$3,000	$3,300	$4,050	N/A	*	*	*
HP	Natural Gas Penultimate (Tier 9)	$3,000	$3,300	$4,050	N/A	*	*	*
HH	Natural Gas Last Day (Tier 1)	$5,000	$5,500	$6,750	N/A	*	*	*
HH	Natural Gas Last Day (Tier 2)	$4,750	$5,225	$6,413	N/A	*	*	*
HH	Natural Gas Last Day (Tier 3)	$4,500	$4,950	$6,075	N/A	*	*	*
HH	Natural Gas Last Day (Tier 4)	$4,500	$4,950	$6,075	N/A	*	*	*
HH	Natural Gas Penultimate (Tier 5)	$4,000	$4,400	$5,400	N/A	*	*	*
HH	Natural Gas Last Day (Tier 6)	$3,500	$3,850	$4,725	N/A	*	*	*
HH	Natural Gas Last Day (Tier 7)	$3,250	$3,575	$4,388	N/A	*	*	*
HH	Natural Gas Last Day (Tier 8)	$3,000	$3,300	$4,050	N/A	*	*	*
HH	Natural Gas Last Day (Tier 9)	$3,000	$3,300	$4,050	N/A	*	*	*
BH	Heating Oil (Tier 1)	$6,250	$6,875	$8,438	N/A	$250	$275	$338
BH	Heating Oil (Tier 2)	$6,000	$6,600	$8,100	N/A	$200	$220	$270
BH	Heating Oil (Tier 3)	$6,000	$6,600	$8,100	N/A	$200	$220	$270
BH	Heating Oil (Tier 4)	$5,750	$6,325	$7,763	N/A	$150	$165	$203
SN	Henry Hub Swing Swap	$1,250	$1,375	$1,688	N/A	$50	$55	$68
IN	Henry Hub Index Swap (Tier 1)	$1,300	$1,430	$1,755	N/A	$25	$28	$34
IN	Henry Hub Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
IN	Henry Hub Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
V2	NYMEX Colombian Peso	$3,200	$3,520	$4,320	N/A	$250	$275	$338
CI	CIG Rockies Swap (Tier 1)	$1,800	$1,980	$2,430	N/A	$25	$28	$34
CI	CIG Rockies Swap (Tier 2)	$1,000	$1,100	$1,350	N/A	$25	$28	$34
CI	CIG Rockies Swap (Tier 3)	$1,200	$1,320	$1,620	N/A	$25	$28	$34
CI	CIG Rockies Swap (Tier 4)	$1,000	$1,100	$1,350	N/A	$25	$28	$34
CI	CIG Rockies Swap (Tier 5)	$750	$825	$1,013	N/A	$25	$28	$34
NW	Waha Swap (Tier 1)	$800	$880	$1,080	N/A	$25	$28	$34
NW	Waha Swap (Tier 2)	$600	$660	$810	N/A	$25	$28	$34
NW	Waha Swap (Tier 3)	$400	$440	$540	N/A	$25	$28	$34
NW	Waha Swap (Tier 4)	$500	$550	$675	N/A	$25	$28	$34
NW	Waha Swap (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
SY	Waha Swing Swap	$3,000	$3,300	$4,050	N/A	$50	$55	$68
IY	Waha Index Swap (Tier 1)	$2,300	$2,530	$3,105	N/A	$25	$28	$34
IY	Waha Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
IY	Waha Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
NA	Alberta Basis Swap (Tier 1)	$650	$715	$878	N/A	$25	$28	$34
NA	Alberta Basis Swap (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
NA	Alberta Basis Swap (Tier 3)	$200	$220	$270	N/A	$25	$28	$34
NA	Alberta Basis Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
NA	Alberta Basis Swap (Tier 5)	$150	$165	$203	N/A	$25	$28	$34
NB	Chicago Basis Swap (Tier 1)	$700	$770	$945	N/A	$25	$28	$34
NB	Chicago Basis Swap (Tier 2)	$250	$275	$338	N/A	$25	$28	$34
SS	Chicago City Gate Swing Swap	$1,500	$1,650	$2,025	N/A	$50	$55	$68
IS	Chicago Index Swap (Tier 1)	$1,300	$1,430	$1,755	N/A	$25	$28	$34
IS	Chicago Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
IS	Chicago Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
HB	Henry Hub Basis Swap (Tier 1)	$50	$55	$68	N/A	$25	$28	$34
HB	Henry Hub Basis Swap ( Tier 2)	$50	$55	$68	N/A	$25	$28	$34
NH	Houston Ship Channel Basis Swap (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
NH	Houston Ship Channel Basis Swap (Tier 2)	$150	$165	$203	N/A	$25	$28	$34
NH	Houston Ship Channel Basis Swap (Tier 3)	$150	$165	$203	N/A	$25	$28	$34
NH	Houston Ship Channel Basis Swap (Tier 4)	$100	$110	$135	N/A	$25	$28	$34
NH	Houston Ship Channel Basis Swap (Tier 5)	$100	$110	$135	N/A	$25	$28	$34
SM	Houston Ship Channel Swing Swap	$1,500	$1,650	$2,025	N/A	$50	$55	$68
IP	Houston Ship Channel Index Swap (Tier 1)	$1,300	$1,430	$1,755	N/A	$25	$28	$34
IP	Houston Ship Channel Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
IP	Houston Ship Channel Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
NJ	San Juan Basis Swap (Tier 1)	$1,000	$1,100	$1350	N/A	$25	$28	$34
NJ	San Juan Basis Swap (Tier 2)	$600	$660	$810	N/A	$25	$28	$34
NJ	San Juan Basis Swap (Tier 3)	$400	$440	$540	N/A	$25	$28	$34
NJ	San Juan Basis Swap (Tier 4)	$250	$275	$338	N/A	$25	$28	$34
NJ	San Juan Basis Swap (Tier 5)	$250	$275	$338	N/A	$25	$28	$34
IJ	San Juan Index Swap (Tier 1)	$2,300	$2,530	$3,105	N/A	$25	$28	$34
SJ	San Juan Swing Swap	$3,000	$3,300	$4,050	N/A	$100	$110	$135
NS	SoCal Basis Swap (Tier 1)	$800	$880	$1080	N/A	$25	$28	$34
NS	SoCal Basis Swap (Tier 2)	$600	$660	$810	N/A	$25	$28	$34
NS	SoCal Basis Swap (Tier 3)	$400	$440	$540	N/A	$25	$28	$34
NS	SoCal Basis Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
NS	SoCal Basis Swap (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
IF	SoCal Index Swap (Tier 1)	$2,300	$2,530	$3,105	N/A	$25	$28	$34
IF	SoCal Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
IF	SoCal Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SF	SoCal Swing Swap	$3,500	$3,850	$4,725	N/A	$100	$110	$135
NZ	Transco Zone 6 Basis Swap (Tier 1)	$1,200	$1,320	$1,620	N/A	$25	$28	$34
NZ	Transco Zone 6 Basis Swap (Tier 2)	$1,000	$1,100	$1350	N/A	$25	$28	$34
NZ	Transco Zone 6 Basis Swap (Tier 3)	$500	$550	$675	N/A	$25	$28	$34
NZ	Transco Zone 6 Basis Swap (Tier 4)	$400	$440	$540	N/A	$25	$28	$34
NZ	Transco Zone 6 Basis Swap (Tier 5)	$400	$440	$540	N/A	$25	$28	$34
IT	Transco Zone 6 Index Swap (Tier 1)	$4,000	$4,400	$5,400	N/A	$25	$28	$34
IT	Transco Zone 6 Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
IT	Transco Zone 6 Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
ST	Transco Zone 6 Swing Swap	$8,500	$9,350	$11,475	N/A	$100	$110	$135
NR	Northwest Pipeline, Rockies Basis Swap (Tier 1)	$2,300	$2,530	$3,105	N/A	$25	$28	$34
NR	Northwest Pipeline, Rockies Basis Swap (Tier 2)	$1,800	$1,980	$2,430	N/A	$25	$28	$34
NR	Northwest Pipeline, Rockies Basis Swap (Tier 3)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
NR	Northwest Pipeline, Rockies Basis Swap (Tier 4)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
NR	Northwest Pipeline, Rockies Basis Swap (Tier 5)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IR	Rockies Index Swap (Tier 1)	$2,800	$3,080	$3,780	N/A	$25	$28	$34
IR	Rockies Index Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IR	Rockies Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
NV	Kern River, Wyoming Basis (Tier 1)	$2,300	$2,530	$3,105	N/A	$25	$28	$34
NV	Kern River, Wyoming Basis (Tier 2)	$1,800	$1,980	$2,430	N/A	$25	$28	$34
NV	Kern River, Wyoming Basis (Tier 3)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
NV	Kern River, Wyoming Basis (Tier 4)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
NV	Kern River, Wyoming Basis (Tier 5)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
SR	Kern Opal Swing Swap	$4,000	$4,400	$5,400	N/A	$100	$110	$135
TA	Questar Basis (Tier 1)	$900	$990	$1,215	N/A	$25	$28	$34
TA	Questar Basis (Tier 2)	$325	$358	$439	N/A	$25	$28	$34
TA	Questar Basis (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
TA	Questar Basis (Tier 4)	$175	$193	$236	N/A	$25	$28	$34
TA	Questar Basis (Tier 5)	$100	$110	$135	N/A	$25	$28	$34
PH	Panhandle Basis Swap (Tier 1)	$1,300	$1,430	$1,755	N/A	$25	$28	$34
PH	Panhandle Basis Swap (Tier 2)	$800	$880	$1,080	N/A	$25	$28	$34
PH	Panhandle Basis Swap (Tier 3)	$500	$550	$675	N/A	$25	$28	$34
PH	Panhandle Basis Swap (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
PH	Panhandle Basis Swap (Tier 5)	$300	$330	$405	N/A	$25	$28	$34
SV	Panhandle Swing Swap	$4,000	$4,400	$5,400	N/A	$50	$55	$68
IV	Panhandle Index Swap (Tier 1)	$2,800	$3,080	$3,780	N/A	$25	$28	$34
NF	Michcon Basis (Tier 1)	$300	$330	$405	N/A	$25	$28	$38
NF	Michcon Basis (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
NF	Michcon Basis (Tier 3)	$200	$220	$270	N/A	$25	$28	$34
Y8	Michcon Natural Gas Index Swap (Tier 1)	$1,300	$1,430	$1,755	N/A	$25	$28	$34
Y8	Michcon Natural Gas Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
Y8	Michcon Natural Gas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
PM	Permian Basis (Tier 1)	$800	$880	$1,080	N/A	$25	$28	$34
PM	Permian Basis (Tier 2)	$700	$770	$945	N/A	$25	$28	$34
PM	Permian Basis (Tier 3)	$650	$715	$878	N/A	$25	$28	$34
PM	Permian Basis (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
PM	Permian Basis (Tier 5)	$250	$275	$338	N/A	$25	$28	$34
SL	El Paso/Permian Swing Swap	$3,500	$3,850	$4,725	N/A	$50	$55	$68
IL	El Paso/Permian Index Swap (Tier 1)	$2,300	$2,530	$3,105	N/A	$25	$28	$34
IL	El Paso/Permian Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
IL	El Paso/Permian Index Swap (Tier 3)	$200	$220	$270	N/A	$25	$28	$34
NX	Texas Eastern Zone M-3 Basis (Tier 1)	$750	$825	$1,013	N/A	$25	$28	$34
NX	Texas Eastern Zone M-3 Basis (Tier 2)	$600	$660	$810	N/A	$25	$28	$34
NX	Texas Eastern Zone M-3 Basis (Tier 3)	$500	$550	$675	N/A	$25	$28	$34
NX	Texas Eastern Zone M-3 Basis (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
NX	Texas Eastern Zone M-3 Basis (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
IX	TETCO M-3 Index Swap (Tier 1)	$6,000	$6,600	$8,100	N/A	$25	$28	$34
IX	TETCO M-3 Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
IX	TETCO M-3 Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SX	TETCO M-3 Swap Swing Swap	$9,500	$10,450	$12,825	N/A	$100	$110	$135
TB	Texas Gas, Zone SL Basis (Tier 1)	$300	$330	$405	N/A	$25	$28	$34
TB	Texas Gas, Zone SL Basis (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
NQ	Tennessee Zone 0 Basis (Tier 1)	$300	$330	$405	N/A	$25	$28	$34
NQ	Tennessee Zone 0 Basis (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
Q4	Tennessee Zone 0 Natural Gas Index Swap	$1,800	$1,980	$2,430	N/A	$25	$28	$34
NM	Tennessee 500 Leg Basis (Tier 1)	$100	$110	$135	N/A	$25	$28	$34
NM	Tennessee 500 Leg Basis (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
Y7	Tennessee 500 Leg Natural Gas Index Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
Y7	Tennessee 500 Leg Natural Gas Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
Y7	Tennessee 500 Leg Natural Gas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
Z8	CIG Rockies Natural Gas Index Swap (Tier 1)	$4,500	$4,950	$6,075	N/A	$25	$28	$34
Z8	CIG Rockies Natural Gas Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
Z8	CIG Rockies Natural Gas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
TC	TCO Basis Swap (Tier 1)	$200	$220	$270	N/A	$25	$28	$34
TC	TCO Basis Swap (Tier 2)	$125	$138	$169	N/A	$25	$28	$34
PB	PG&E Malin Basis (Tier 1)	$600	$660	$810	N/A	$25	$28	$34
PB	PG&E Malin Basis (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
PB	PG&E Malin Basis (Tier 3)	$400	$440	$540	N/A	$25	$28	$34
PC	PG&E Citygate Basis (Tier 1)	$700	$770	$945	N/A	$25	$28	$34
PC	PG&E Citygate Basis (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
PC	PG&E Citygate Basis (Tier 3)	$250	$275	$338	N/A	$25	$28	$34
IK	PG&E Citygate Index (Tier 1)	$1,800	$1,980	$2,430	N/A	$25	$28	$34
IK	PG&E Citygate Index (Tier 2)	$400	$440	$540	N/A	$25	$28	$34
IK	PG&E Citygate Index (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SK	PG&E Citygate Swing	$2,300	$2,530	$3,105	N/A	$100	$110	$135
PD	NGPL Tex/OK Basis (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
PD	NGPL Tex/OK Basis (Tier 2)	$250	$275	$338	N/A	$25	$28	$34
PD	NGPL Tex/OK Basis (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
PD	NGPL Tex/OK Basis (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
PD	NGPL Tex/OK Basis (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
OI	NGPL Tex/OK Index (Tier 1)	$1,300	$1,430	$1,755	N/A	$25	$28	$34
OI	NGPL Tex/OK Index (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
OI	NGPL Tex/OK Index (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
OX	NGPL Tex/OK Swing	$2,000	$2,200	$2,700	N/A	$100	$110	$135
NY	NGPL LA Basis (Tier 1)	$500	$550	$675	N/A	$25	$28	$34
NY	NGPL LA Basis (Tier 2)	$250	$275	$338	N/A	$25	$28	$34
NU	Trunkline, LA Basis (Tier 1)	$75	$83	$101	N/A	$25	$28	$34
NU	Trunkline, LA Basis (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
T5	NGPL STX Natural Gas Basis	$400	$440	$540	N/A	$25	$28	$34
ND	ANR LA Basis (Tier 1)	$100	$110	$135	N/A	$25	$28	$34
ND	ANR LA Basis (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
NE	ANR OK Basis (Tier 1)	$1,250	$1,375	$1,688	N/A	$25	$28	$34
NE	ANR OK Basis (Tier 2)	$1,000	$1,100	$1,350	N/A	$25	$28	$34
NE	ANR OK Basis (Tier 3)	$750	$825	$1,013	N/A	$25	$28	$34
IQ	ANR OK Index (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
IQ	ANR OK Index (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IQ	ANR OK Index (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SQ	ANR OK Swing	$2,000	$2,200	$2,700	N/A	$100	$110	$135
NK	Sumas Basis (Tier 1)	$1,000	$1,100	$1,350	N/A	$25	$28	$34
NK	Sumas Basis (Tier 2)	$700	$770	$945	N/A	$25	$28	$34
NK	Sumas Basis (Tier 3)	$500	$550	$675	N/A	$25	$28	$34
IU	Sumas Index Swap (Tier 1)	$3,500	$3,850	$4,725	N/A	$25	$28	$34
IU	Sumas Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
IU	Sumas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
SU	Sumas Swing Swap	$7,500	$8,250	$10,125	N/A	$100	$110	$135
NL	NGPL Mid-Continent Basis (Tier 1)	$1,300	$1,430	$1,755	N/A	$25	$28	$34
NL	NGPL Mid-Continent Basis (Tier 2)	$800	$880	$1,080	N/A	$25	$28	$34
NL	NGPL Mid-Continent Basis (Tier 3)	$400	$440	$540	N/A	$25	$28	$34
NL	NGPL Mid-Continent Basis (Tier 4)	$300	$330	$405	N/A	$25	$28	$34
NL	NGPL Mid-Continent Basis (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
IW	NGPL Mid-Continent Index (Tier 1)	$2,800	$3,080	$3,780	N/A	$25	$28	$34
IW	NGPL Mid-Continent Index (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IW	NGPL Mid-Continent Index (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
PX	NGPL Mid-Continent Swing	$4,000	$4,400	$5,400	N/A	$100	$110	$135
PE	Demarcation Basis Swap (Tier 1)	$1,300	$1,430	$1,755	N/A	$25	$28	$34
PE	Demarcation Basis Swap (Tier 2)	$800	$880	$1,080	N/A	$25	$28	$34
PE	Demarcation Basis Swap (Tier 3)	$300	$330	$405	N/A	$25	$28	$34
DI	Demarcation Index Swap (Tier 1)	$2,800	$3,080	$3,780	N/A	$25	$28	$34
DT	Demarcation Swing Swap	$3,500	$3,850	$4,725	N/A	$100	$110	$135
PF	Northern Natural Gas Ventura, Iowa Basis (Tier 1)	$700	$770	$945	N/A	$25	$28	$34
PF	Northern Natural Gas Ventura, Iowa Basis (Tier 2)	$550	$605	$743	N/A	$25	$28	$34
PF	Northern Natural Gas Ventura, Iowa Basis (Tier 3)	$400	$440	$540	N/A	$25	$28	$34
VI	Ventura Natural Gas Index Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$25	$28	$34
VI	Ventura Natural Gas Index Swap (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
VI	Ventura Natural Gas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
VS	Ventura Natural Gas Swing Swap	$2,000	$2,200	$2,700	N/A	$100	$110	$135
PG	Dominion Transmission Inc. -- Appalachia Basis (Tier 1)	$250	$275	$338	N/A	$25	$28	$34
PG	Dominion Transmission Inc. -- Appalachia Basis (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
IH	Dominion Index Swap (Tier 1)	$1,750	$1,925	$2,363	N/A	$25	$28	$34
SH	Dominion Swing Swap	$2,000	$2,200	$2,700	N/A	$100	$110	$135
PW	CenterPoint Natural Gas Basis Swap (Tier 1)	$1,000	$1,100	$1,350	N/A	$25	$28	$34
PW	CenterPoint Natural Gas Basis Swap (Tier 2)	$750	$825	$1,013	N/A	$25	$28	$34
II	CenterPoint Natural Gas Index Swap (Tier 1)	$2,800	$3,080	$3,780	N/A	$25	$28	$34
II	CenterPoint Natural Gas Index Swap (Tier 2)	$500	$550	$675	N/A	$25	$28	$34
II	CenterPoint Natural Gas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
VX	CenterPoint Natural Gas Swing Swap	$6,000	$6,600	8,100	N/A	$100	$110	$135
DW	Dawn Natural Gas Basis Swap (Tier 1)	$800	$880	$1,080	N/A	$25	$28	$34
DW	Dawn Natural Gas Basis Swap (Tier 2)	$300	$330	$405	N/A	$25	$28	$34
IO	Dawn Natural Gas Index Swap (Tier 1)	$1,200	$1,320	$1,620	N/A	$25	$28	$34
IO	Dawn Natural Gas Index Swap (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
IO	Dawn Natural Gas Index Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
OW	Dawn Natural Gas Swing Swap	$2,000	$2,200	$2,700	N/A	$100	$110	$135
TE	Tetco East LA Basis Swap (Tier 1)	$150	$165	$203	N/A	$25	$28	$34
TE	Tetco East LA Basis Swap (Tier 2)	$75	$83	$101	N/A	$25	$28	$34
TE	Tetco East LA Basis Swap (Tier 3)	$50	$55	$68	N/A	$25	$28	$34
TE	Tetco East LA Basis Swap (Tier 4)	$50	$55	$68	N/A	$25	$28	$34
TE	Tetco East LA Basis Swap (Tier 5)	$50	$55	$68	N/A	$25	$28	$34
TX	Tetco South TX Basis Swap (Tier 1)	$300	$330	$405	N/A	$25	$28	$34
TX	Tetco South TX Basis Swap (Tier 2)	$250	$275	$338	N/A	$25	$28	$34
TX	Tetco South TX Basis Swap (Tier 3)	$200	$220	$270	N/A	$25	$28	$34
TX	Tetco South TX Basis Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
TX	Tetco South TX Basis Swap (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
GL	Columbia Gulf Onshore Basis Swap (Tier 1)	$150	$165	$203	N/A	$25	$28	$34
GL	Columbia Gulf Onshore Basis Swap (Tier 2)	$80	$88	$108	N/A	$25	$28	$34
GL	Columbia Gulf Onshore Basis Swap (Tier 3)	$85	$94	$115	N/A	$25	$28	$34
GL	Columbia Gulf Onshore Basis Swap (Tier 4)	$100	$110	$135	N/A	$25	$28	$34
GL	Columbia Gulf Onshore Basis Swap (Tier 5)	$100	$110	$135	N/A	$25	$28	$34
CZ	Transco Zone 3 Basis Swap (Tier 1)	$150	$165	$203	N/A	$25	$28	$34
CZ	Transco Zone 3 Basis Swap (Tier 2)	$100	$110	$135	N/A	$25	$28	$34
CZ	Transco Zone 3 Basis Swap (Tier 3)	$100	$110	$135	N/A	$25	$28	$34
CZ	Transco Zone 3 Basis Swap (Tier 4)	$100	$110	$135	N/A	$25	$28	$34
CZ	Transco Zone 3 Basis Swap (Tier 5)	$75	$83	$101	N/A	$25	$28	$34
Y6	Transco Zone 3 Natural Gas Index Swap	$1,800	$1,980	$2,430	N/A	$25	$28	$34
SZ	Sonat Basis Swap (Tier 1)	$250	$275	$338	N/A	$25	$28	$34
SZ	Sonat Basis Swap (Tier 2)	$75	$83	$101	N/A	$25	$28	$34
SZ	Sonat Basis Swap (Tier 3)	$75	$83	$101	N/A	$25	$28	$34
SZ	Sonat Basis Swap (Tier 4)	$200	$220	$270	N/A	$25	$28	$34
SZ	Sonat Basis Swap (Tier 5)	$200	$220	$270	N/A	$25	$28	$34
TR	Transco Zone 4 Basis (Tier 1)	$125	$138	$169	N/A	$25	$28	$34
TR	Transco Zone 4 Basis (Tier 2)	$150	$165	$203	N/A	$25	$28	$34
TR	Transco Zone 4 Basis (Tier 3)	$150	$165	$203	N/A	$25	$28	$34
TR	Transco Zone 4 Basis (Tier 4)	$75	$83	$101	N/A	$25	$28	$34
TR	Transco Zone 4 Basis (Tier 5)	$75	$83	$101	N/A	$25	$28	$34
FP	Florida Gas Zone 3 Basis Swap (Tier 1)	$200	$220	$270	N/A	$25	$28	$34
FP	Florida Gas Zone 3 Basis Swap (Tier 2)	$200	$220	$270	N/A	$25	$28	$34
FP	Florida Gas Zone 3 Basis Swap (Tier 3)	$50	$55	$68	N/A	$25	$28	$34
FP	Florida Gas Zone 3 Basis Swap (Tier 4)	$100	$110	$135	N/A	$25	$28	$34
FP	Florida Gas Zone 3 Basis Swap (Tier 5)	$100	$110	$135	N/A	$25	$28	$34
5Z	Columbia Gulf Mainline Swap (Tier 1)	$150	$165	$203	N/A	$25.00	$27.50	$33.75
5Z	Columbia Gulf Mainline Swap (Tier 2)	$100	$110	$135	N/A	$25.00	$27.50	$33.75
8A	Florida Zone 2 Swap (Tier 1)	$200	$220	$270	N/A	$25.00	$27.50	$33.75
8A	Florida Zone 2 Swap (Tier 2)	$200	$220	$270	N/A	$25.00	$27.50	$33.75
8X	OneOk,Oklahoma Swap (Tier 1)	$1,300	$1,430	$1,755	N/A	$25.00	$27.50	$33.75
8X	OneOk,Oklahoma Swap (Tier 2)	$1,000	$1,100	$1,350	N/A	$25.00	$27.50	$33.75
8Z	Southern Star, TX,OK,KS Swap (Tier 1)	$1,300	$1,430	$1,755	N/A	$25.00	$27.50	$33.75
8Z	Southern Star, TX,OK,KS Swap (Tier 2)	$1,000	$1,100	$1,350	N/A	$25.00	$27.50	$33.75
6Z	Tennessee 800 Swap (Tier 1)	$300	$330	$405	N/A	$25.00	$27.50	$33.75
6Z	Tennessee 800 Swap (Tier 2)	$200	$220	$270	N/A	$25.00	$27.50	$33.75
8B	Texas Eastern West LA Swap (Tier 1)	$300	$330	$405	N/A	$25.00	$27.50	$33.75
8B	Texas Eastern West LA Swap (Tier 2)	$250	$275	$338	N/A	$25.00	$27.50	$33.75
9F	Texas Gas Zone 1 Swap (Tier 1)	$300	$330	$405	N/A	$25.00	$27.50	$33.75
9F	Texas Gas Zone 1 Swap (Tier 2)	$100	$110	$135	N/A	$25.00	$27.50	$33.75
8E	Transco Zone 1 Swap (Tier 1)	$150	$165	$203	N/A	$25.00	$27.50	$33.75
8E	Transco Zone 1 Swap (Tier 2)	$150	$165	$203	N/A	$25.00	$27.50	$33.75
8F	Transco Zone 2 Swap (Tier 1)	$150	$165	$203	N/A	$25.00	$27.50	$33.75
8F	Transco Zone 2 Swap (Tier 2)	$150	$165	$203	N/A	$25.00	$27.50	$33.75
9A	SoCal City-Gate Swap (Tier 1)	$800	$880	$1,080	N/A	$25.00	$27.50	$33.75
9A	SoCal City-Gate Swap (Tier 2)	$600	$660	$810	N/A	$25.00	$27.50	$33.75
Crude Oil Markets
UB	Dated Brent Crude Oil Calendar Swap	$9,000	$9,900	$12,150	N/A	$400	$440	$540
DC	Dubai Crude Oil Calendar Swap	$9,000	$9,900	$12,150	N/A	$480	$528	$648
MA	WTI Bow River Swap	$2,400	$2,640	$3,240	N/A	$480	$528	$648
BY	WTI - Brent (ICE) Bullet Swap	$2,000	$2,200	$2,700	N/A	$50	$55	$68
FY	Dated-to-Frontline Brent Swap	$1,500	$1,650	$2,025	N/A	$50	$55	$68
BK	WTI - Brent (ICE) Calendar Swap	$1,600	$1,760	$2,160	N/A	$50	$55	$68
DB	Brent - Dubai Swap	$3,500	$3,850	$4,725	N/A	$50	$55	$68
XL	LLS (Platts) Calendar Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
XT	LLS (Platts) Trade Month Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
XA	LLS (Argus) Calendar Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
LI	LLS (Argus) Trade Month Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
MV	Mars (Platts) Calendar Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
MZ	Mars (Platts) Trade Month Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
MX	Mars (Argus) Calendar Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
MO	Mars (Argus) Trade Month Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
PR	WTS (Platts) Calendar Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
PV	WTS (Platts) Trade Month Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
XB	WTS (Argus) Calendar Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
AY	WTS (Argus) Trade Month Swap	$3,000	$3,300	$4,050	N/A	$400	$440	$540
WH	LLS (Platts) vs. WTI Spread Calendar Swap	$600	$660	$810	N/A	$100	$110	$135
WI	LLS (Platts) vs. WTI Spread Trade Month Swap	$600	$660	$810	N/A	$100	$110	$135
WJ	LLS (Argus) vs. WTI Spread Calendar Swap	$2,000	$2,200	$2,700	N/A	$100	$110	$135
WK	LLS (Argus) vs. WTI Spread Trade Month Swap	$3,000	$3,300	$4,050	N/A	$100	$110	$135
WL	Mars (Platts) vs. WTI Spread Calendar Swap	$600	$660	$810	N/A	$100	$110	$135
WP	Mars (Platts) vs. WTI Spread Trade Month Swap	$600	$660	$810	N/A	$100	$110	$135
YX	Mars (Argus) vs. WTI Spread Calendar Swap	$600	$660	$810	N/A	$100	$110	$135
YV	Mars (Argus) vs. WTI Spread Trade Month Swap	$600	$660	$810	N/A	$100	$110	$135
PZ	WTS (Platts) vs. WTI Spread Calendar Swap	$600	$660	$810	N/A	$100	$110	$135
XE	WTS (Platts) vs. WTI Spread Trade Month Swap	$600	$660	$810	N/A	$100	$110	$135
FF	WTS (Argus) vs. WTI Spread Calendar Swap	$600	$660	$810	N/A	$100	$110	$135
FH	WTS (Argus) vs. WTI Spread Trade Month Swap	$3,500	$3,850	$4,725	N/A	$100	$110	$135
Petroleum Spread & Product Markets
YK	Gulf Coast Low Sulfur Diesel (LSD) Crack Spread Swap	$3,500	$3,850	$4,725	N/A	*	*	*
GY	Gulf Coast ULSD Crack Spread Swap	$6,000	$6,600	$8,100	N/A	*	*	*
UW	New York Low Sulfur Diesel (LSD) Crack Spread Swap	$3,500	$3,850	$4,725	N/A	*	*	*
YU	New York ULSD Crack Spread Swap	$3,500	$3,850	$4,725	N/A	*	*	*
YL	Up-Down Gulf Coast LSD vs. NYMEX HO Spread Swap	$2,500	$2,750	$3,375	N/A	*	*	*
YL	Up-Down Gulf Coast LSD vs. NYMEX HO Spread Swap	$2,000	$2,200	$2,700	N/A	*	*	*
YL	Up-Down Gulf Coast LSD vs. NYMEX HO Spread Swap	$2,000	$2,200	$2,700	N/A	*	*	*
LT	Up-Down Gulf Coast ULSD vs. NYMEX HO Spread Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	*	*	*
LT	Up-Down Gulf Coast ULSD vs. NYMEX HO Spread Swap (Tier 2)	$1,500	$1,650	$2,025	N/A	*	*	*
LT	Up-Down Gulf Coast ULSD vs. NYMEX HO Spread Swap (Tier 3)	$1,000	$1,100	$1,350	N/A	*	*	*
UT	#2 Heating Oil Up-Down Spread Calendar Swap (Tier 1)	$2,500	$2,750	$3,375	N/A	$240	$264	$324
UT	#2 Heating Oil Up-Down Spread Calendar Swap (Tier 2)	$1,000	$1,100	$1,350	N/A	$240	$264	$324
UT	#2 Heating Oil Up-Down Spread Calendar Swap (Tier 3)	$500	$550	$675	N/A	$240	$264	$324
MP	NY Harbor Heating Oil Calendar Swap (Tier 1)	$6,250	$6,875	$8,438	N/A	$250	$275	$338
MP	NY Harbor Heating Oil Calendar Swap (Tier 2)	$6,000	$6,600	$8,100	N/A	$200	$220	$270
MP	NY Harbor Heating Oil Calendar Swap (Tier 3)	$6,000	$6,600	$8,100	N/A	$200	$220	$270
MP	NY Harbor Heating Oil Calendar Swap (Tier 4)	$5,750	$6,325	$7,763	N/A	$150	$165	$203
MH	Los Angeles CARB Gasoline Swap (OPIS)	$2,400	$2,640	$3,240	N/A	$480	$528	$648
MF	Gulf Coast #6 Fuel 3.0% Swap	$7,500	$8,250	$10,125	N/A	$480	$528	$648
MM	NY Harbor Residual Fuel 1.0% Swap	$7,500	$8,250	$10,125	N/A	$480	$528	$648
UN	European Naphtha Calendar Swap (Tier 1)	$80,000	$88,000	$108,000	$3,400	$2,400	$2,640	$3,240
UN	European Naphtha Calendar Swap (Tier 2)	$65,000	$71,500	$87,750	N/A	$2,400	$2,640	$3,240
UJ	European Jet Kero NWE Calendar Swap (Northwest Europe)	$70,000	$77,000	$94,500	N/A	$3,400	$3,740	$4,590
UR	European Jet Kero Rotterdam Calendar Swap	$72,500	$97,750	$97,875	N/A	$2,400	$2,640	$3,240
TW	Gasoil 0.1 Cargoes CIF NWE Swap	$72,000	$79,200	$97,200	N/A	$3,400	$3,740	$4,590
TY	Gasoil 10ppm Cargoes CIF NWE Swap	$50,000	$55,000	$67,500	N/A	$3,400	$3,740	$4,590
WQ	Gasoil 0.1 Barges FOB Rdam v. ICE Gasoil Swap	$5,000	$5,500	$6,750	N/A	$1,000	$1,100	$1,350
UG	European Gasoil 0.2 Rotterdam Calendar Swap	$40,000	$44,000	$54,000	N/A	$3,400	$3,740	$4,590
UE	European Gasoil 0.2 NWE Calendar Swap (Northwest Europe) — Tier 1	$23,000	$25,300	$31,050	N/A	$2,400	$2,640	$3,240
UE	European Gasoil 0.2 NWE Calendar Swap (Northwest Europe) — Tier 2	$21,000	$23,100	$28,350	N/A	$2,400	$2,640	$3,240
UQ	European Gasoil 0.2 MED Calendar Swap (Mediterranean)	$21,000	$23,100	$28,350	N/A	$2,400	$2,640	$3,240
UP	European ULSD (Diesel) Rotterdam Calendar Swap	$21,000	$23,100	$28,350	N/A	$3,400	$3,740	$4,590
UL	European ULSD NWE Calendar Swap (Northwest Europe)	$21,000	$23,100	$28,350	N/A	$3,400	$3,740	$4,590
UF	European 1% Fuel Oil Calendar Swap (Northwest Europe)	$50,000	$55,000	$67,500	N/A	$3,800	$4,180	$5,130
UH	European 1% Fuel Oil Rotterdam Calendar Swap	$50,000	$55,000	$67,500	N/A	$3,400	$3,740	$4,590
UV	European 3.5% Fuel Oil Rotterdam Calendar Swap	$55,000	$60,500	$74,250	N/A	$3,400	$3,740	$4,590
UI	European 3.5% Fuel Oil MED Calendar Swap (Mediterranean)	$40,000	$44,000	$54,000	N/A	$3,400	$3,740	$4,590
UA	European Singapore Fuel Oil 180cst Calendar Swap	$50,000	$55,000	$67,500	N/A	$2,400	$2,640	$3,240
VL	Gasoil 0.1 Barges FOB Rdam v. ICE Gasoil Swap	$60,000	$66,000	$81,000	N/A	$3,400	$3,740	$4,590
GS	Gulf Coast Gasoline Calendar Swap (Tier 1)	$11,000	$12,100	$14,850	N/A	$500	$550	$675
GS	Gulf Coast Gasoline Calendar Swap(Tier 2)	$9,000	$9,900	$12,150	N/A	$500	$550	$675
GS	Gulf Coast Gasoline Calendar Swap (Tier 3)	$9,000	$9,900	$12,150	N/A	$500	$550	$675
GP	Gulf Coast Heating Oil Calendar Swap	$1,500	$1,650	$2,025	N/A	$400	$440	$540
GE	Gulf Coast Jet Fuel Calendar Swap	$8,000	$8,800	$10,800	N/A	$400	$440	$540
GZ	European Gasoil Crack Spread Swap	$6,500	$7,150	$8,775	N/A	$250	$275	$338
GG	European Gasoil 0.2 CIF MED Swap	$21,000	$23,100	$28,350	N/A	$3,400	$3,740	$4,590
GT	European Gasoil 10PPM Rdam Barges Swap	$65,000	$71,500	$87,750	N/A	$3,400	$3,740	$4,590
GX	European Gasoil (ICE) Calendar Swap (Tier 1)	$50,000	$55,000	$67,500	N/A	*	*	*
GX	European Gasoil (ICE) Calendar Swap (Tier 2)	$50,000	$55,000	$67,500	N/A	*	*	*
GX	European Gasoil (ICE) Calendar Swap (Tier 3)	$45,000	$49,500	$60,750	N/A	*	*	*
GX	European Gasoil (ICE) Calendar Swap (Tier 4)	$45,000	$49,500	$60,750	N/A	*	*	*
RG	European Argus Gasoline Crack Spread Swap (Tier 1)	$5,000	$5,500	$6,750	N/A	$850	$935	$1,148
RG	European Argus Gasoline Crack Spread Swap (Tier 2)	$3,000	$3,300	$4,050	N/A	$850	$935	$1,148
EP	European Platts Gasoline MED Crack Spread Swap	$2,650	$2,915	$3,578	N/A	$225	$248	$304
EN	European Naphtha Crack Spread	$4,000	$4,400	$5,400	N/A	$250	$275	$338
ES	European ULSD 50 PPM CIF NWE Swap	$30,000	$33,000	$40,500	N/A	$3,400	$3,740	$4,590
EH	European ULSD 50 PPM CIF MED Swap	$60,000	$66,000	$81,000	N/A	$3,400	$3,740	$4,590
EL	European ULSD 50 PPM FOB MED Swap	$28,000	$30,800	$37,800	N/A	$3,400	$3,740	$4,590
EI	European Gasoil 0.2 Rdam Barges v. Gasoil Futures Swap	$4,500	$4,950	$6,075	N/A	$200	$220	$270
EC	European Gasoil 0.2 CIF NWE v. Gasoil Futures Swap	$4,000	$4,400	$5,400	N/A	$200	$220	$270
EX	European Gasoil 0.2 CIF MED v. Gasoil Futures Swap	$2,750	$3,025	$3,713	N/A	$150	$165	$203
EF	European Gasoil 0.2 FOB MED v. Gasoil Futures Swap	$9,000	$9,900	$12,150	N/A	$150	$165	$203
ET	European Gasoil 10PPM Rdam Barges v. Gasoil Futures Swap	$6,000	$6,600	$8,100	N/A	$150	$165	$203
EY	European ULSD 50PPM CIF NWE v. Gasoil Futures Swap	$4,000	$4,400	$5,400	N/A	$900	$990	$1,215
EE	European ULSD 50PPM CIF MED v. Gasoil Futures Swap	$6,500	$7,150	$8,775	N/A	$600	$660	$810
EO	European ULSD 50PPM FOB MED v. Gasoil Futures Swap	$17,000	$18,700	$22,950	N/A	$600	$660	$810
JC	European Jet CIF NWE v. Gasoil Futures Swap	$15,000	$16,500	$20,250	N/A	$200	$220	$270
TP	Gasoil 10ppm Cargoes CIF NWE v. ICE Gasoil Swap (Tier 1)	$8,000	$8,800	$10,800	N/A	$200	$220	$270
TP	Gasoil 10ppm Cargoes CIF NWE v. ICE Gasoil Swap (Tier 2)	$7,000	$7,700	$9,450	N/A	$200	$220	$270
TP	Gasoil 10ppm Cargoes CIF NWE v. ICE Gasoil Swap (Tier 3)	$4,000	$4,400	$5,400	N/A	$200	$220	$270
JR	European Jet Rdam Barges v. Gasoil Futures Swap	$13,000	$14,300	$17,550	N/A	$150	$165	$203
GA	Singapore Gasoil v. Rdam Gasoil Swap	$5,500	$6,050	$7,425	N/A	$200	$220	$270
HA	Heating Oil Arb Swap: NYMEX HO v. Rdam Gasoil	$8,000	$8,800	$10,800	N/A	$200	$220	$270
FO	3.5% Fuel Oil Rdam Crack Swap	$5,000	$5,500	$6,750	N/A	$350	$385	$473
FI	1% Fuel Oil NWE Crack Spread Swap	$5,000	$5,500	$6,750	N/A	$350	$385	$473
FK	3.5% Fuel Oil Rdam v 3.5% FOB MED Spread Swap	$6,000	$6,600	$8,100	N/A	$350	$385	$473
FL	3.5% Fuel Oil FOB MED Crack Spread Swap	$4,000	$4,400	$5,400	N/A	$200	$220	$270
VQ	New York 0.3% Fuel Oil Swap	$10,000	$11,000	$13,500	N/A	$480	$528	$648
TU	Gasoil 0.1 Cargoes CIF NWE v. ICE Gasoil Swap	$4,000	$4,400	$5,400	N/A	$1,000	$1,100	$1,350
WQ	Gasoil 0.1 Barges FOB Rdam v. ICE Gasoil Swap	$6,000	$6,600	$8,100	N/A	$1,000	$1,100	$1,350
RZ	New York Harbor Conventional Gasoline vs. RBOB Swap Contract	$1,000	$1,100	$1,350	N/A	$240	$364	$324
LW	Gulf Coast Low Sulfur Diesel (LSD) Swap	$13,000	$14,300	$17,550	N/A	*	*	*
LY	Gulf Coast Ultra Low Sulfur Diesel (ULSD) Swap	$8,000	$8,800	$10,800	N/A	*	*	*
YW	New York Low Sulfur Diesel (LSD) Swap	$4,250	$4,675	$5,738	N/A	*	*	*
YS	New York Ultra Low Sulfur Diesel (ULSD) Swap	$4,250	$4,675	$5,738	N/A	*	*	*
AW	Gulf Coast Gasoline (Argus) Calendar Swap	$6,000	$6,600	$8,100	N/A	$500	$550	$675
AJ	Gulf Coast ULSD (Argus) Calendar Swap	$4,500	$4,950	$6,075	N/A	$480	$528	$648
AF	Gulf Coast Jet (Argus) Calendar Swap	$3,500	$3,850	$4,725	N/A	$400	$440	$540
LX	Los Angeles CARB Diesel (OPIS) Outright Swap	$4,000	$4,400	$5,400	N/A	$480	$528	$648
JS	Los Angeles Jet (OPIS) Spread Swap	$3,000	$3,000	$4,050	N/A	$240	$264	$324
LL	Los Angeles Jet (OPIS) Outright Swap	$4,000	$4,400	$5,400	N/A	$400	$440	$540
PT	Mt Belvieu Propane (OPIS) Swap	$4,500	$4,950	$6,075	N/A	$250	$275	$338
RY	RBOB (Platts) Calendar Swap	$4,500	$4,950	$6,075	N/A	$250	$275	$338
HI	EIA On-Highway Retail Diesel Swap	$9,000	$9,900	$12,150	N/A	N/A	N/A	N/A
BG	European Gasoil Bullet Swap	$60,000	$66,000	$81,000	N/A	$2,000	$2,200	$2,700
PS	European Propane CIF ARA (Argus) Swap	$55,000	$60,500	$74,250	N/A	$3,800	$4,180	$5,130
JA	Japan C&F Naphtha (Platts) Swap	$65,000	$71,500	$87,750	N/A	$3,800	$4,180	$5,130
UZ	Gasoline Up-Down (Argus) Swap	$1,500	$1,650	$2,025	N/A	$240	$264	$324
US	ULSD Up-Down (Argus) Swap	$2,000	$2,200	$2,700	N/A	$240	$264	$324
JU	Jet Up-Down (Argus)	$3,000	$3,300	$4,050	N/A	$240	$264	$324
RI	RBOB (Platts) vs. NYMEX RBOB Spread Swap	$2,000	$2,200	$2,700	N/A	$240	$264	$324
UY	NY ULSD (Platts) vs. NYMEX HO Spread Swap	$2,000	$2,200	$2,700	N/A	$240	$264	$324
JL	Los Angeles CARBOB (OPIS) Spread Swap	$6,000	$6,600	$8,100	N/A	$240	$264	$324
JS	Los Angeles Jet (OPIS) Spread Swap	$3,000	$3,300	$4,050	N/A	$240	$264	$324
KL	Los Angeles CARB Diesel (OPIS) Spread Swap	$3,000	$3,000	$4,050	N/A	$240	$264	$324
CF	Gulf Coast ULSD Crack Spread (Argus) Swap	$3,000	$3,300	$4,050	N/A	$480	$528	$648
CK	Gulf Coast Gasoline Crack Spread (Argus) Swap	$4,500	$4,950	$6,075	N/A	$240	$264	$324
JB	Japan C&F Naphtha Crack Spread (Platts)	$10,000	$11,000	$13,500	N/A	$250	$275	$338
CU	Chicago Ethanol (Platts) Swap	$6,000	$6,600	$8,100	N/A	$400	$440	$540
EZ	New York Ethanol (Platts) Swap	$6,000	$6,600	$8,100	N/A	$400	$440	$540
6W	Brent CFD Swap	$1,500	$1,650	$2,025	N/A	$100	$110	$135
8N	New York Fuel Oil 0.3% HP Swap	$7,000	$7,700	$9,450	N/A	$420	$462	$567
2G	Premium Unl Gasoline 10ppm (Platts) CIF MED Swap	$74,500	$81,950	$100,575	N/A	$3,400	$3,740	$4,590
3G	Premium Unl Gasoline 10ppm (Platts) FOB MED Swap	$74,500	$81,950	$100,575	N/A	$3,400	$3,740	$4,590
4G	Premium Unl Gasoline 10ppm (Platts) Cargoes CIF NWE Swap	$64,500	$70,950	$87,075	N/A	$3,400	$3,740	$4,590
6G	Premium Unl Gasoline 10ppm (Platts) CIF MED BALMO Swap	$74,500	$81,950	$100,575	N/A	$3,400	$3,740	$4,590
8G	Premium Unl Gasoline 10ppm (Platts) FOB MED BALMO Swap	$74,500	$81,950	$100,575	N/A	$3,400	$3,740	$4,590
6D	Premium Unl Gasoline 10ppm (Platts) CIF NWE BALMO Swap	$64,500	$70,950	$87,075	N/A	$3,400	$3,740	$4,590
7D	Fuel Oil 3.5% CIF MED Swap	$52,000	$57,200	$70,200	N/A	$3,400	$3,740	$4,590
8D	Fuel Oil 3.5% CIF MED BALMO Swap	$52,000	$57,200	$70,200	N/A	$3,400	$3,740	$4,590
8W	Gasoil 0.1 CIF MED vs. ICE Gasoil BALMO Swap	$7,100	$7,810	$9,585	N/A	$1,000	$1,100	$1,350
7V	ULSD 10ppm CIF MED vs. ICE Gasoil BALMO Swap	$7,600	$8,360	$10,260	N/A	$1,000	$1,100	$1,350
6V	Gasoil 0.1 Barges FOB Rdam v. ICE Gasoil BALMO Swap	$6,000	$6,600	$8,100	N/A	$1,000	$1,100	$1,350
4V	Gasoil 0.1 Cargoes CIF NWE v. ICE Gasoil BALMO Swap	$6,000	$6,600	$8,100	N/A	$1,000	$1,100	$1,350
3V	Gasoil 10ppm Cargoes CIF NWE v ICE Gasoil BALMO Swap	$10,000	$11,000	$13,500	N/A	$1,000	$1,100	$1,350
7X	Diesel 10ppm Barges FOB Rdam v ICE Gasoil BALMO Swap	$8,000	$8,800	$10,800	N/A	$1,000	$1,100	$1,350
6X	Jet Fuel Cargoes CIF NWE v ICE Gasoil BALMO Swap Contract	$15,000	$16,500	$20,250	N/A	$1,000	$1,100	$1,350
9Q	Jet Fuel Barges FOB Rdam v ICE Gasoil BALMO Swap Contract	$14,000	$15,400	$18,900	N/A	$1,000	$1,100	$1,350
9N	Argus Propane (Saudi Aramco) Swap	$29,500	$32,450	$39,825	N/A	$2,000	$2,200	$2,700
7E	Argus Propane Far East Index Swap	$29,500	$32,450	$39,825	N/A	$2,000	$2,200	$2,700
3C	Chicago Unleaded Gasoline (Platts) vs. RBOB Spread Swap	$3,400	$3,740	$4,590	N/A	$240	$264	$324
5C	Chicago ULSD (Platts) vs. Heating Oil Spread Swap	$850	$935	$1,148	N/A	$100	$110	$135
W1	Conway Propane (OPIS) Swap	$7,000	$7,700	$9,450	N/A	N/A	N/A	N/A
W3	Mont Belvieu Natural Gasoline (OPIS) Swap	$7,000	$7,700	$9,450	N/A	N/A	N/A	N/A
Z2	Mont Belvieu Normal Butane (OPIS) Swap	$7,000	$7,700	$9,450	N/A	N/A	N/A	N/A
W8	Mont Belvieu Ethane (OPIS) Swap	$4,500	$4,950	$6,075	N/A	N/A	N/A	N/A
A5	EIA Flat Tax On-Highway Diesel Swap Contract	$9,000	$9,900	$12,150	N/A	$250	$275	$338
A4	Argus LLS Trade Month Swap	$6,700	$7,370	$9,045	N/A	$400	$440	$540
E5	Argus LLS vs. WTI Trade Month Swap	$3,000	$3,300	$4,050	N/A	$100	$110	$135
V7	Argus WTI Trade Month Swap/td>	$7,500	$8,250	$10,125	N/A	$400	$440	$540
Y4	New York 0.7% Fuel Oil (Platts) Swap	$7,500	$8,250	$10,125	N/A	$480	$528	$648
Y3	New York 2.2% Fuel Oil (Platts) Swap	$7,500	$8,250	$10,125	N/A	$480	$528	$648
H1	New York 3.0% Fuel Oil (Platts) Swap	$7,500	$8,250	$10,125	N/A	$480	$528	$648
E6	Japan Naphtha BALMO Swap	$65,000	$71,500	$87,750	N/A	$3,800	$4,180	$5,130
V6	Mt Belvieu Propane (OPIS) BALMO Swap	$4,500	$4,950	$6,075	N/A	$250	$275	$338
V5	Mt Belvieu Natural Gasoline (OPIS) BALMO Swap	$7,000	$7,700	$9,450	N/A	$800	$880	$1,080
V4	Mt Belvieu Ethane (OPIS) BALMO Swap	$4,500	$4,950	$6,075	N/A	$650	$715	$878
Y5	Mt Belvieu Normal Butane (OPIS) BALMO Swap	$7,000	$7,700	$9,450	N/A	$850	$935	$1,148
Crude Oil & Petroleum Products Markets
HK	NY Harbor Heating Oil Crack Spread Calendar Swap (Tier 1)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
HK	NY Harbor Heating Oil Crack Spread Calendar Swap (Tier 2)	$3,500	$3,850	$4,725	N/A	$100	$110	$135
HK	NY Harbor Heating Oil Crack Spread Calendar Swap (Tier 3)	$3,500	$3,850	$4,725	N/A	$100	$110	$135
HK	NY Harbor Heating Oil Crack Spread Calendar Swap (Tier 4)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
RH	RBOB vs. Heating Oil Swap	$3,000	$3,300	$4,050	N/A	$100	$110	$135
RL	RBOB Calendar Swap (Tier 1)	$6,000	$6,600	$9,450	N/A	$200	$220	$270
RL	RBOB Calendar Swap (Tier 2)	$5,500	$6,050	$7,425	N/A	$200	$220	$270
RL	RBOB Calendar Swap (Tier 3)	$8,000	$8,800	$10,800	N/A	$150	$165	$203
RL	RBOB Calendar Swap (Tier 4)	$8,000	$8,800	$10,800	N/A	$150	$165	$203
RM	RBOB Crack Spread Swap (Tier 1)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
RM	RBOB Crack Spread Swap (Tier 2)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
RM	RBOB Crack Spread Swap (Tier 3)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
RM	RBOB Crack Spread Swap (Tier 4)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
RV	RBOB Up-Down Calendar Swap (Tier 1)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
RV	RBOB Up-Down Calendar Swap (Tier 2)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
RV	RBOB Up-Down Calendar Swap (Tier 3)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
RD	US Gulf Coast #2 HO Crack Spread Calendar Swap	$4,000	$4,400	$5,400	N/A	$240	$264	$324
RU	US Gulf Coast Unl. 87 Crack Spread Calendar Swap (Tier 1)	$8,000	$8,800	$10,800	N/A	$240	$264	$324
RU	US Gulf Coast Unl. 87 Crack Spread Calendar Swap (Tier 2)	$4,000	$4,400	$5,400	N/A	$240	$264	$324
RU	US Gulf Coast Unl. 87 Crack Spread Calendar Swap (Tier 3)	$2,000	$2,200	$2,700	N/A	$240	$264	$324
MF	Gulf Coast #6 Fuel 3.0% Sulfur Swap	$11,000	$12,100	$14,850	N/A	$480	$528	$648
MG	Gulf Coast #6 Fuel Oil Crack Swap	$5,000	$5,500	$6,750	N/A	$480	$528	$648
ML	NY Harbor Residual Fuel Crack Swap	$4,500	$4,950	$6,075	N/A	$480	$528	$648
MK	NY Harbor LS Diesel vs. NYMEX #2 HO Spread Swap	$600	$660	$810	N/A	$240	$264	$324
MD	Gulf Coast Gas vs. Gulf Coast HO Spread Swap	$5,000	$5,500	$6,750	N/A	$240	$264	$324
ME	Gulf Coast Jet vs. NYMEX #2 HO Spread Swap (Tier 1)	$1,500	$1,650	$2,025	N/A	$240	$264	$324
ME	Gulf Coast Jet vs. NYMEX #2 HO Spread Swap (Tier 2)	$1,500	$1,650	$2,025	N/A	$240	$264	$324
ME	Gulf Coast Jet vs. NYMEX #2 HO Spread Swap (Tier 3)	$1,500	$1,650	$2,025	N/A	$240	$264	$324
MQ	LA Jet Fuel vs. NYMEX #2 HO Spread Swap	$1,500	$1,650	$2,025	N/A	$240	$264	$324
EU	European Unleaded Gasoline 50ppm Swap	$50,000	$55,000	$67,500	N/A	$2,000	$2,200	$2,700
AR	Argus NWE Gasoline Swap (Tier 1)	$60,000	$66,000	$81,000	N/A	$2,000	$2,200	$2,700
AR	Argus NWE Gasoline Swap (Tier 2)	$55,000	$60,500	$72,250	N/A	$2,000	$2,200	$2,700
EW	East/West Fuel Oil Spread Swap (Tier 1)	$8,000	$8,800	$10,800	N/A	$1,000	$1,100	$1,350
EW	East/West Fuel Oil Spread Swap (Tier 2)	$5,000	$5,500	$6,750	N/A	$1,000	$1,100	$1,350
FS	High-Low Sulfur Fuel Oil Spread Swap	$13,000	$14,300	$17,550	N/A	$1,000	$1,100	$1,350
SD	Singapore Fuel Oil Spread Swap	$6,000	$6,600	$8,100	N/A	$340	$374	$459
SE	Singapore 380cst Fuel Oil Swap	$50,000	$55,000	$67,500	N/A	$2,400	$2,640	$3,240
SG	Singapore Gasoil Swap	$7,500	$8,250	$10,125	N/A	$400	$440	$540
KS	Singapore Jet Kerosene Swap	$8,000	$8,800	$10,800	N/A	$250	$275	$338
SP	Singapore Naphtha Swap	$8,000	$8,800	$10,800	N/A	$250	$275	$338
HZ	Singapore 380cst Fuel Oil	$5,000	$5,500	$6,750	$3,000	$240	$264	$324
RK	Singapore Jet Regrade: Jet Kero vs Gasoil Swap	$2,000	$2,200	$2,700	N/A	$200	$220	$270
Z3	1.5% Fuel Oil Barges FOB Rdam Swap	$46,500	$11,000	$13,500	N/A	$2,400	$2,640	$3,240
J5	1.5% Fuel Oil Rdam Barges BALMO Swap	$46,500	$11,000	$13,500	N/A	$2,400	$2,640	$3,240
Z4	Gasoil 0.1 CIF MED Swap	$61,500	$67,650	$83,025	N/A	$3,400	$3,740	$4,590
X6	Gasoil 0.1 Cargoes CIF MED BALMO Swap	$61,500	$67,650	$83,025	N/A	$3,400	$3,740	$4,590
Z6	ULSD 10ppm CIF MED Swap	$71,000	$78,100	$95,850	N/A	$3,400	$3,740	$4,590
X7	ULSD 10ppm Cargoes CIF MED BALMO Swap	$61,500	$67,650	$83,025	N/A	$3,400	$3,740	$4,590
Z5	Gasoil 0.1 CIF MED vs. ICE Gasoil Swap	$6,000	$6,600	$8,100	N/A	$1,000	$1,100	$1,350
Z7	ULSD 10ppm CIF MED vs. ICE Gasoil Swap	$6,000	$6,600	$8,100	N/A	$1,000	$1,100	$1,350
U9	ICE Gasoil BALMO Swap	$80,000	$88,000	$108,000	N/A	$2,000	$2,200	$2,700
U7	Diesel 10ppm Barges FOB Rdam BALMO Swap	$80,000	$88,000	$108,000	N/A	$2,000	$2,200	$2,700
F3	Jet Fuel Cargoes CIF NWE BALMO Swap	$80,000	$88,000	$108,000	N/A	$2,000	$2,200	$2,700
J9	Brent Crude Oil BALMO SwapSwap	$9,500	$10,450	$12,825	N/A	$450	$495	$608
B9	Argus Gasoline NWE BALMO Swap	$120,000	$132,000	$162,000	N/A	$2,000	$2,200	$2,700
X9	Jet Fuel Barges FOB Rdam BALMO Swap	$72,500	$79,750	$97,875	N/A	$3,400	$3,740	$4,590
B7	Gasoil 0.1 Cargoes CIF NWE BALMO Swap	$72,000	$79,200	$97,200	N/A	$3,400	$3,740	$4,590
B1	ULSD 10ppm Cargoes CIF NWE BALMO Swap	$74,500	$81,950	$100,575	N/A	$3,400	$3,740	$4,590
B8	Gasoil 0.1 Barges FOB Rdam BALMO Swap	$70,000	$77,000	$94,500	N/A	$3,400	$3,740	$4,590
2C	Chicago Unleaded Gasoline (Platts) Swap	$10,000	$11,000	$13,500	N/A	$480	$528	$648
4C	Chicago ULSD (Platts) Swap	$9,000	$9,900	$12,150	N/A	$480	$528	$648
Freight Futures Markets
TG	Tanker Route TC1 Ras Tanura to Yokohama	$1,500	$1,650	$2,025	N/A	$200	$220	$270
TM	Tanker Route TC2 Europe to U.S. Atlantic Coast (Tier 1)	$2,500	$2,750	$3,375	N/A	$150	$165	$203
TM	Tanker Route TC2 Europe to U.S. Atlantic Coast (Tier 2)	$2,500	$2,750	$3,375	N/A	$150	$165	$203
TJ	Tanker Route TC4 Singapore to Japan	$2,500	$2,750	$3,375	N/A	$150	$165	$203
TH	Tanker Route TC5 Ras Tanura to Yokohama	$6,000	$6,600	$8,100	N/A	$200	$220	$270
TL	Tanker Route TD3 Middle Eastern Gulf to Japan	$3,000	$3,300	$4,050	N/A	$100	$110	$135
TI	Tanker Route TD5 West Africa to U.S. Atlantic Coast	$2,000	$2,200	$2,700	N/A	$150	$165	$203
TK	Tanker Route TD7 North Sea to Europe	$700	$770	$945	N/A	$50	$55	$68
TN	Tanker Route TD9 Caribbean to U.S. Gulf	$750	$825	$1,013	N/A	$200	$220	$270
TO	Tanker Route TD10D Caribbean to U.S. Atlantic Coast	$750	$825	$1,013	N/A	$150	$165	$203
V9	Freight Route TC4 BALMO Swap	$2,500	$2,750	$3,375	N/A	$150	$165	$203
Electricity Markets
JM	PJM Financially Settled Peak Monthly (Tier 1)	$7,500	$8,250	$10,125	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 2)	$5,000	$5,500	$6,750	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 3)	$4,000	$4,400	$5,400	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 4)	$3,000	$3,300	$4,050	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 5)	$3,000	$3,300	$4,050	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 6)	$2,500	$2,750	$3,375	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 7)	$2,500	$2,750	$3,375	N/A	$250	$275	$338
JM	PJM Financially Settled Peak Monthly (Tier 8)	$2,500	$2,750	$3,375	N/A	$250	$275	$338
JP	PJM Financially Settled Off-Peak LMP (Tier 1)	$4,000	$4,400	$5,400	N/A	$500	$550	$675
N3	PJM Northern Illinois Hub Peak Calendar-Month Day-Ahead LMP (Tier 1)	$500.00	$550.00	$675.00	N/A	$50.00	$55.00	$67.50
N3	PJM Northern Illinois Hub Peak Calendar-Month Day-Ahead LMP (Tier 2)	$450.00	$495.00	$607.50	N/A	$10.00	$11.00	$13.50
N3	PJM Northern Illinois Hub Peak Calendar-Month Day-Ahead LMP (Tier 3)	$400.00	$440.00	$540.00	N/A	$10.00	$11.00	$13.50
N3	PJM Northern Illinois Hub Peak Calendar-Month Day-Ahead LMP (Tier 4)	$300.00	$330.00	$405.00	N/A	$10.00	$11.00	$13.50
L3	PJM Northern Illinois Off-Peak Calendar-Month Day-Ahead LMP (Tier 1)	$15.00	$16.50	$20.25	N/A	$3.00	$3.30	$4.05
L3	PJM Northern Illinois Off-Peak Calendar-Month Day-Ahead LMP (Tier 2)	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
L3	PJM Northern Illinois Off-Peak Calendar-Month Day-Ahead LMP (Tier 3)	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
L3	PJM Northern Illinois Off-Peak Calendar-Month Day-Ahead LMP (Tier 4)	$5.00	$5.50	$6.75	N/A	$1.00	$1.10	$1.35
Y1	PJM AECO Zone Peak Calendar-Month Day-Ahead LMP	$550.00	$605.00	$742.50	N/A	$50.00	$55.00	$67.50
X1	PJM AECO Zone Off-Peak Calendar-Month Day-Ahead LMP	$20.00	$22.00	$27.00	N/A	$3.00	$3.30	$4.05
D7	PJM AEP Dayton Hub Peak Calendar-Month Day-Ahead LMP	$500.00	$550.00	$675.00	N/A	$50.00	$55.00	$67.50
D7	PJM AEP Dayton Hub Peak Calendar-Month Day-Ahead LMP	$450.00	$495.00	$607.50	N/A	$10.00	$11.00	$13.50
D7	PJM AEP Dayton Hub Peak Calendar-Month Day-Ahead LMP	$400.00	$440.00	$540.00	N/A	$10.00	$11.00	$13.50
D7	PJM AEP Dayton Hub Peak Calendar-Month Day-Ahead LMP	$300.00	$330.00	$405.00	N/A	$10.00	$11.00	$13.50
R7	PJM AEP Dayton Hub Off-Peak Calendar-Month Day-Ahead LMP	$15.00	$16.50	$20.25	N/A	$3.00	$3.30	$4.05
R7	PJM AEP Dayton Hub Off-Peak Calendar-Month Day-Ahead LMP	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
R7	PJM AEP Dayton Hub Off-Peak Calendar-Month Day-Ahead LMP	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
R7	PJM AEP Dayton Hub Off-Peak Calendar-Month Day-Ahead LMP	$5.00	$5.50	$6.75	N/A	$1.00	$1.10	$1.35
S4	PJM APS Zone Peak Calendar-Month Day-Ahead LMP	$450.00	$495.00	$607.50	N/A	$50.00	$55.00	$67.50
W4	PJM APS Zone Off-Peak Calendar-Month Day-Ahead LMP	$15.00	$16.50	$20.25	N/A	$3.00	$3.30	$4.05
E3	PJM BGE Zone Peak Calendar-Month Day-Ahead LMP	$650.00	$715.00	$878.00	N/A	$50.00	$55.00	$67.50
R3	PJM BGE Zone Off-Peak Calendar-Month Day-Ahead LMP	$30.00	$33.00	$41.00	N/A	$3.00	$3.30	$4.05
L8	PJM DPL Zone Peak Calendar-Month Day-Ahead LMP	$700.00	$770.00	$945.00	N/A	$50.00	$55.00	$67.50
E8	PJM DPL Zone Off-Peak Calendar-Month Day-Ahead LMP	$20.00	$22.00	$27.00	N/A	$3.00	$3.30	$4.05
E9	PJM Eastern Hub Peak Calendar-Month Day-Ahead LMP	$650.00	$715.00	$878.00	N/A	$50.00	$55.00	$67.50
F4	PJM Eastern Hub Off-Peak Calendar-Month Day-Ahead LMP	$20.00	$22.00	$27.00	N/A	$3.00	$3.30	$4.05
J2	PJM JCPL Zone Peak Calendar-Month Day-Ahead LMP	$450.00	$495.00	$607.50	N/A	$50.00	$55.00	$67.50
F2	PJM JCPL Zone Off-Peak Calendar-Month Day-Ahead LMP	$20.00	$22.00	$27.00	N/A	$3.00	$3.30	$4.05
R8	PJM PEPCO Zone Peak Calendar-Month Day-Ahead LMP	$550.00	$605.00	$743.00	N/A	$50.00	$55.00	$67.50
Q8	PJM PEPCO Zone Off-Peak Calendar-Month Day-Ahead LMP	$35.00	$39.00	$47.00	N/A	$3.00	$3.30	$4.05
L5	PPL Zone Peak Calendar-Month Day-Ahead LMP	$500.00	$550.00	$675.00	N/A	$50.00	$55.00	$67.50
F5	PJM PPL Zone Off-Peak Calendar-Month Day-Ahead LMP	$15.00	$16.50	$20.25	N/A	$3.00	$3.30	$4.05
L6	PJM PSEG Zone Peak Calendar-Month Day-Ahead LMP	$450.00	$495.00	$607.50	N/A	$50.00	$55.00	$67.50
W6	PJM PSEG Zone Off- Peak Calendar-Month Day-Ahead LMP	$20.00	$22.00	$27.00	N/A	$3.00	$3.30	$4.05
J4	PJM Western Hub Peak Calendar-Month Day-Ahead LMP (Tier 1)	$700.00	$770.00	$945.00	N/A	$50.00	$55.00	$67.50
J4	PJM Western Hub Peak Calendar-Month Day-Ahead LMP (Tier 2)	$500.00	$550.00	$675.00	N/A
J4	PJM Western Hub Peak Calendar-Month Day-Ahead LMP (Tier 3)	$400.00	$440.00	$540.00	N/A
J4	PJM Western Hub Peak Calendar-Month Day-Ahead LMP (Tier 4)	$250.00	$275.00	$337.50	N/A
J4	PJM Western Hub Peak Calendar-Month Day-Ahead LMP (Tier 5)	$250.00	$275.00	$337.50	N/A
J4	PJM Western Hub Peak Calendar-Month Day-Ahead LMP (Tier 6)	$200.00	$220.00	$270.00	N/A
J4	PJM Western Hub Peak Calendar-Month Day-Ahead LMP (Tier 7)	$200.00	$220.00	$270.00
J4	PJM Western Hub Peak Calendar-Month Day-Ahead LMP (Tier 8)	$200.00	$220.00	$270.00
E4	PJM Western Hub Off-Peak Calendar-Month Day-Ahead LMP (Tier 1)	$35.00	$39.00	$47.00	N/A	$3.00	$3.30	$4.05
E4	PJM Western Hub Off-Peak Calendar-Month Day-Ahead LMP (Tier 2)	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
E4	PJM Western Hub Off-Peak Calendar-Month Day-Ahead LMP (Tier 3)	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
E4	PJM Western Hub Off-Peak Calendar-Month Day-Ahead LMP (Tier 4)	$5.00	$5.50	$6.75	N/A	$1.00	$1.10	$1.35
L1	PJM Western Hub Peak Calendar-Month Real-Time LMP (Tier 1)	$700.00	$770.00	$945.00	N/A	$50.00	$55.00	$67.50
L1	PJM Western Hub Peak Calendar-Month Real-Time LMP (Tier 2)	$500.00	$550.00	$675.00	N/A
L1	PJM Western Hub Peak Calendar-Month Real-Time LMP (Tier 3)	$400.00	$440.00	$540.00	N/A
L1	PJM Western Hub Peak Calendar-Month Real-Time LMP (Tier 4)	$250.00	$275.00	$337.50	N/A
L1	PJM Western Hub Peak Calendar-Month Real-Time LMP (Tier 5)	$250.00	$275.00	$337.50	N/A
L1	PJM Western Hub Peak Calendar-Month Real-Time LMP (Tier 6)	$200.00	$220.00	$270.00	N/A
L1	PJM Western Hub Peak Calendar-Month Real-Time LMP (Tier 7)	$200.00	$220.00	$270.00	N/A
L1	PJM Western Hub Peak Calendar-Month Real-Time LMP (Tier 8)	$200.00	$220.00	$270.00	N/A
N9	PJM Western Hub Off-Peak Calendar-Month Real-Time LMP (Tier 1)	$35.00	$39.00	$47.00	N/A	$3.00	$3.30	$4.05
N9	PJM Western Hub Off-Peak Calendar-Month Real-Time LMP (Tier 2)	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
N9	PJM Western Hub Off-Peak Calendar-Month Real-Time LMP (Tier 3)	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
N9	PJM Western Hub Off-Peak Calendar-Month Real-Time LMP (Tier 4)	$5.00	$5.50	$6.75	N/A	$1.00	$1.10	$1.35
JP	PJM Financially Settled Off-Peak LMP (Tier 2)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
JP	PJM Financially Settled Off-Peak LMP (Tier 3)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
JP	PJM Financially Settled Off-Peak LMP (Tier 4)	$1,000	$1,100	$1,350	N/A	$100	$110	$135
JW	PJM Financially Settled Weekly	$4,000	$4,400	$5,400	N/A	N/A	N/A	N/A
JD	PJM Financially Settled Daily	$2,500	$2,750	$3,375	N/A	N/A	N/A	N/A
KA	NYISO A Peak (Tier 1)	$2,500	$2,750	$3,375	N/A	$500	$550	$675
KA	NYISO A Peak (Tier 2)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
KA	NYISO A Peak (Tier 3)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
KA	NYISO A Peak (Tier 4)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
KB	NYISO A Off-Peak (Tier 1)	$4,500	$4,950	$6,075	N/A	$500	$550	$675
KB	NYISO A Off-Peak (Tier 2)	$4,500	$4,950	$6,075	N/A	$100	$110	$135
KB	NYISO A Off-Peak (Tier 3)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
KB	NYISO A Off-Peak (Tier 4)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
AN	NYISO A Daily - Peak	$3,000	$3,300	$4,050	N/A	N/A	N/A	N/A
KG	NYISO G Peak (Tier 1)	$3,500	$3,850	$4,725	N/A	$500	$550	$675
KG	NYISO G Peak (Tier 2)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
KG	NYISO G Peak (Tier 3)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
KG	NYISO G Peak (Tier 4)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
KH	NYISO G Off-Peak (Tier 1)	$6,000	$6,600	$8,100	N/A	$500	$550	$675
KH	NYISO G Off-Peak (Tier 2)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
KH	NYISO G Off-Peak (Tier 3)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
KH	NYISO G Off-Peak (Tier 4)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
GN	NYISO G Daily - Peak	$3,000	$3,300	$4,050	N/A	N/A	N/A	N/A
KJ	NYISO J Peak (Tier 1)	$3,500	$3,850	$4,725	N/A	$500	$550	$675
KJ	NYISO J Peak (Tier 2)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
KJ	NYISO J Peak (Tier 3)	$2,500	$2,750	$3,375	N/A	$100	$110	$135
KJ	NYISO J Peak (Tier 4)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
KK	NYISO J Off-Peak (Tier 1)	$6,000	$6,600	$8,100	N/A	$500	$550	$675
KK	NYISO J Off-Peak (Tier 2)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
KK	NYISO J Off-Peak (Tier 3)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
KK	NYISO J Off-Peak (Tier 4)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
JN	NYISO J Daily - Peak	$3,000	$3,300	$4,050	N/A	N/A	N/A	N/A
NI	ISO New England Peak (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
NI	ISO New England Peak (Tier 2)	$4,500	$4,950	$6,075	N/A	$100	$110	$135
NI	ISO New England Peak (Tier 3)	$3,500	$3,850	$4,725	N/A	$100	$110	$135
NI	ISO New England Peak (Tier 4)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
KI	ISO New England Off-Peak LMP (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
KI	ISO New England Off-Peak LMP (Tier 2)	$3,500	$3,850	$4,725	N/A	$100	$110	$135
KI	ISO New England Off-Peak LMP (Tier 3)	$4,500	$4,950	$6,075	N/A	$100	$110	$135
KI	ISO New England Off-Peak LMP (Tier 4)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
CE	ISO New England LMP Daily - Peak	$1,500	$1,650	$2,025	N/A	N/A	N/A	N/A
UM	Northern Illinois Hub Peak Monthly (Tier 1)	$5,500	$6,050	$7,425	N/A	$500	$550	$675
UM	Northern Illinois Hub Peak Monthly (Tier 2)	$4,200	$4,620	$5,670	N/A	$100	$110	$135
UM	Northern Illinois Hub Peak Monthly (Tier 3)	$3,500	$3,850	$4,725	N/A	$100	$110	$135
UM	Northern Illinois Hub Peak Monthly (Tier 4)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
UO	Northern Illinois Off-Peak Monthly (Tier 1)	$3,000	$3,300	$4,050	N/A	$500	$550	$675
UO	Northern Illinois Off-Peak Monthly (Tier 2)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
UO	Northern Illinois Off-Peak Monthly (Tier 3)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
UO	Northern Illinois Off-Peak Monthly (Tier 4)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
UD	Northern Illinois Hub Peak Daily Electricity Futures	$2,000	$2,200	$2,700	N/A	N/A	N/A	N/A
VM	AEP-Dayton Hub Peak Monthly (Tier 1)	$5,500	$6,050	$7,425	N/A	$500	$550	$675
VM	AEP-Dayton Hub Peak Monthly (Tier 2)	$4,200	$4,620	$5,670	N/A	$100	$110	$135
VM	AEP-Dayton Hub Peak Monthly (Tier 3)	$3,500	$3,850	$4,725	N/A	$100	$110	$135
VM	AEP-Dayton Hub Peak Monthly (Tier 4)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
VP	AEP-Dayton Off-Peak Monthly (Tier 1)	$3,000	$3,300	$4,050	N/A	$500	$550	$675
VP	AEP-Dayton Off-Peak Monthly (Tier 2)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
VP	AEP-Dayton Off-Peak Monthly (Tier 3)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
VP	AEP-Dayton Off-Peak Monthly (Tier 4)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
VD	AEP-Dayton Hub Daily Swap Futures	$3,000	$3,300	$4,050	N/A	N/A	N/A	N/A
DO	Dow Jones Mid-Columbia Electricity Price Index Futures (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
DO	Dow Jones Mid-Columbia Electricity Price Index Futures (Tier 2)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
DO	Dow Jones Mid-Columbia Electricity Price Index Futures (Tier 3)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
DO	Dow Jones Mid-Columbia Electricity Price Index Futures (Tier 4)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
DP	Dow Jones Palo Verde Electricity Price Index Futures (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
DP	Dow Jones Palo Verde Electricity Price Index Futures (Tier 2)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
DP	Dow Jones Palo Verde Electricity Price Index Futures (Tier 3)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
DP	Dow Jones Palo Verde Electricity Price Index Futures (Tier 4)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
DN	Dow Jones North Path-15 Electricity Price Index Futures (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
DN	Dow Jones North Path-15 Electricity Price Index Futures (Tier 2)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
DN	Dow Jones North Path-15 Electricity Price Index Futures (Tier 3)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
DN	Dow Jones North Path-15 Electricity Price Index Futures (Tier 4)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
DV	Dow Jones South Path-15 Electricity Price Index Futures (Tier 1)	$5,000	$5,500	$6,750	N/A	$500	$550	$675
DV	Dow Jones South Path-15 Electricity Price Index Futures (Tier 2)	$5,000	$5,500	$6,750	N/A	$100	$110	$135
DV	Dow Jones South Path-15 Electricity Price Index Futures (Tier 3)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
DV	Dow Jones South Path-15 Electricity Price Index Futures (Tier 4)	$4,000	$4,400	$5,400	N/A	$100	$110	$135
EM	Cinergy Hub Calendar-Month LMP Swap (Tier 1)	$5,500	$6,050	$7,425	N/A	$500	$550	$675
EM	Cinergy Hub Calendar-Month LMP Swap (Tier 2)	$4,200	$4,620	$5,670	N/A	$100	$110	$135
EM	Cinergy Hub Calendar-Month LMP Swap (Tier 3)	$3,500	$3,850	$4,725	N/A	$100	$110	$135
EM	Cinergy Hub Calendar-Month LMP Swap (Tier 4)	$3,000	$3,300	$4,050	N/A	$100	$110	$135
EJ	Cinergy Hub Off-Peak LMP Swap (Tier 1)	$2,500	$2,750	$3,375	N/A	$500	$550	$675
EJ	Cinergy Hub Off-Peak LMP Swap (Tier 2)	$2,000	$2,200	$2,700	N/A	$100	$110	$135
EJ	Cinergy Hub Off-Peak LMP Swap (Tier 3)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
EJ	Cinergy Hub Off-Peak LMP Swap (Tier 4)	$1,500	$1,650	$2,025	N/A	$100	$110	$135
CC	Cinergy Hub LMP Swap (Daily Peak)	$1,000	$1,100	$1,350	N/A	N/A	N/A	N/A
HM	Michigan Hub Calendar-Month LMP Swap	$4,000	$4,400	$5,400	N/A	$1,200	$1,320	$1,620
HJ	Michigan Hub Off-Peak LMP Swap	$3,000	$3,300	$4,050	N/A	$1,500	$1,650	$2,025
OM	MISO Illinois Hub Calendar-Month LMP Swap	$3,500	$3,850	$4,725	N/A	$1,200	$1,320	$1,620
OJ	MISO Illinois Hub Off-Peak LMP Swap	$2,500	$2,750	$3,375	N/A	$1,000	$1,100	$1,350
LM	Minnesota Hub Calendar-Month LMP Swap	$3,500	$3,850	$4,725	N/A	$1,800	$1,980	$2,430
LJ	Minnesota Hub Off-Peak LMP Swap	$4,500	$4,950	$6,075	N/A	$2,500	$2,750	$3,375
VC	ERCOT Seller�s Choice Calendar Day Peak Swap (Platts Megawatt Daily) Contract�	$1,500	$1,650	$2,025	N/A	$250	$275	$338
HE	ERCOT Houston Calendar Day Peak Swap (Platts Megawatt Daily) Contract	$2,500	$2,750	$3,375	N/A	$250	$275	$338
MC	ERCOT North Calendar Day Peak Swap (Platts Megawatt Daily) Contract�	$2,000	$2,200	$2,700	N/A	$250	$275	$338
VY	ERCOT Hub Average MCPE Trading Hub Calendar Day Peak Swap Contract	$2,000	$2,200	$2,700	N/A	$250	$275	$338
HY	ERCOT Houston MCPE Trading Hub Calendar Day Peak Swap Contract	$3,000	$3,300	$4,050	N/A	$250	$275	$338
MY	ERCOT North MCPE Trading Hub Calendar Day Peak Swap Contract	$2,500	$2,750	$3,375	N/A	$250	$275	$338
VT	ERCOT Seller�s Choice Peak Swap (Platts Megawatt Daily) Contract	$6,000	$6,600	$8,100	N/A	$250	$275	$338
HT	ERCOT Houston Peak Swap (Platts Megawatt Daily) Contract	$7,000	$7,700	$9,450	N/A	$250	$275	$338
MT	ERCOT North Peak Swap (Platts Megawatt Daily) – Tier 1	$8,000	$8,800	$10,800	N/A	$250	$275	$338
MT	ERCOT North Peak Swap (Platts Megawatt Daily) – Tier 2	$6,000	$6,600	$8,100	N/A	$250	$275	$338
MT	ERCOT North Peak Swap (Platts Megawatt Daily) – Tier 3	$5,000	$5,500	$6,750	N/A	$250	$275	$338
MT	ERCOT North Peak Swap (Platts Megawatt Daily) – Tier 4	$4,000	$4,400	$5,400	N/A	$250	$275	$338
VN	ERCOT Hub Average MCPE Trading Hub Peak Swap Contract�	$5,000	$5,500	$6,750	N/A	$250	$275	$338
HN	ERCOT Houston MCPE Trading Hub Peak Swap Contract	$7,500	$8,250	$10,125	N/A	$250	$275	$338
MN	ERCOT North MCPE Trading Hub Peak Swap Contract	$7,500	$8,250	$10,125	N/A	$250	$275	$338
U6	New England Internal Hub 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract (Tier 1)	$500	$550	$675	N/A	$50	$55	$67.50
U6	New England Internal Hub 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract (Tier 2)	$450	$495	$607.50	N/A	$10	$11	$13.50
U6	New England Internal Hub 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract (Tier 3)	$350	$385	$472.50	N/A	$10	$11	$13.50
U6	New England Internal Hub 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract (Tier 4)	$300	$330	$405	N/A	$10	$11	$13.50
H2	New England Internal Hub 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract (Tier 1)	$25.00	$27.50	$33.75	N/A	$3.00	$3.30	$4.05
H2	New England Internal Hub 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract (Tier 2)	$20.00	$22.00	$27.00	N/A	$1.00	$1.10	$1.35
H2	New England Internal Hub 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract (Tier 3)	$25.00	$27.50	$33.75	N/A	$1.00	$1.10	$1.35
H2	New England Internal Hub 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract (Tier 4)	$20.00	$22.00	$27.00	N/A	$1.00	$1.10	$1.35
K3	ISO Zone A 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 1)	$500	$550	$675	N/A	$100	$110	$135
K3	ISO Zone A 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 2)	$500	$550	$675	N/A	$20	$22	$27
K3	ISO Zone A 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 3)	$400	$440	$540	N/A	$20	$22	$27
K3	ISO Zone A 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 4)	$300	$330	$405	N/A	$20	$22	$27
K4	ISO Zone A 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 1)	$25.00	$27.50	$33.75	N/A	$3.00	$3.30	$4.05
K4	ISO Zone A 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 2)	$25.00	$27.50	$33.75	N/A	$1.00	$1.10	$1.35
K4	ISO Zone A 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 3)	$15.00	$16.50	$20.25	N/A	$1.00	$1.10	$1.35
K4	ISO Zone A 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 4)	$15.00	$16.50	$20.25	N/A	$1.00	$1.10	$1.35
T3	ISO Zone G 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 1)	$700	$770	$945	N/A	$100	$110	$135
T3	ISO Zone G 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 2)	$500	$550	$675	N/A	$20	$22	$27
T3	ISO Zone G 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 3)	$500	$550	$675	N/A	$20	$22	$27
T3	ISO Zone G 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 4)	$300	$330	$405	N/A	$20	$22	$27
D2	ISO Zone G 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 1)	$30.00	$33.00	$40.50	N/A	$3.00	$3.30	$4.05
D2	ISO Zone G 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 2)	$25.00	$27.50	$33.75	N/A	$1.00	$1.10	$1.35
D2	ISO Zone G 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 3)	$20.00	$22.00	$27.00	N/A	$1.00	$1.10	$1.35
D2	ISO Zone G 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 4)	$20.00	$22.00	$27.00	N/A	$1.00	$1.10	$1.35
D3	ISO Zone J 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 1)	$700	$770	$945	N/A	$100	$110	$135
D3	ISO Zone J 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 2)	$500	$550	$675	N/A	$20	$22	$27
D3	ISO Zone J 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 3)	$500	$550	$675	N/A	$20	$22	$27
D3	ISO Zone J 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 4)	$300	$330	$405	N/A	$20	$22	$27
D4	ISO Zone J 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 1)	$30.00	$33.00	$40.50	N/A	$3.00	$3.30	$4.05
D4	ISO Zone J 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 2)	$25.00	$27.50	$33.75	N/A	$1.00	$1.10	$1.35
D4	ISO Zone J 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 3)	$20.00	$22.00	$27.00	N/A	$1.00	$1.10	$1.35
D4	ISO Zone J 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract (Tier 4)	$20.00	$22.00	$27.00	N/A	$1.00	$1.10	$1.35
H3	Midwest Independent Transmission System Operator Cinergy Hub 5 MW Peak Calendar-Month Real-Time Swap Futures Contract (Tier 1)	$500	$550	$675	N/A	$50.00	$55.00	$67.50
H3	Midwest Independent Transmission System Operator Cinergy Hub 5 MW Peak Calendar-Month Real-Time Swap Futures Contract (Tier 2)	$400	$440	$540	N/A	$10.00	$11.00	$13.50
H3	Midwest Independent Transmission System Operator Cinergy Hub 5 MW Peak Calendar-Month Real-Time Swap Futures Contract (Tier 3)	$350	$385	$472.50	N/A	$10.00	$11.00	$13.50
H3	Midwest Independent Transmission System Operator Cinergy Hub 5 MW Peak Calendar-Month Real-Time Swap Futures Contract (Tier 4)	$300	$330	$405	N/A	$10.00	$11.00	$13.50
H5	Midwest Independent Transmission System Operator Cinergy Hub 5 MW Peak Calendar-Month Day-Ahead Swap Futures Contract (Tier 1)	$500	$550	$675	N/A	$50.00	$55.00	$67.50
H5	Midwest Independent Transmission System Operator Cinergy Hub 5 MW Peak Calendar-Month Day-Ahead Swap Futures Contract (Tier 2)	$400	$440	$540	N/A	$10.00	$11.00	$13.50
H5	Midwest Independent Transmission System Operator Cinergy Hub 5 MW Peak Calendar-Month Day-Ahead Swap Futures Contract (Tier 3)	$350	$385	$472.50	N/A	$10.00	$11.00	$13.50
H5	Midwest Independent Transmission System Operator Cinergy Hub 5 MW Peak Calendar-Month Day-Ahead Swap Futures Contract (Tier 4)	$300	$330	$405	N/A	$10.00	$11.00	$13.50
B6	PJM Northern Illinois Hub 5 MW Off-Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 1)	$15.00	$16.50	$20.25	N/A	$3.00	$3.30	$4.05
B6	PJM Northern Illinois Hub 5 MW Off-Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 2)	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
B6	PJM Northern Illinois Hub 5 MW Off-Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 3)	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
B6	PJM Northern Illinois Hub 5 MW Off-Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 4)	$5.00	$5.50	$6.75	N/A	$1.00	$1.10	$1.35
V3	PJM AEP Dayton Hub 5 MW Off-Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 1)	$15.00	$16.50	$20.25	N/A	$3.00	$3.30	$4.05
V3	PJM AEP Dayton Hub 5 MW Off-Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 2)	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
V3	PJM AEP Dayton Hub 5 MW Off-Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 3)	$10.00	$11.00	$13.50	N/A	$1.00	$1.10	$1.35
V3	PJM AEP Dayton Hub 5 MW Off-Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 4)	$5.00	$5.50	$6.75	N/A	$1.00	$1.10	$1.35
B3	PJM Northern Illinois Hub 5 MW Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 1)	$500	$550	$675	N/A	$50.00	$55.00	$67.50
B3	PJM Northern Illinois Hub 5 MW Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 2)	$400	$440	$540	N/A	$10.00	$11.00	$13.50
B3	PJM Northern Illinois Hub 5 MW Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 3)	$350	$385	$472.50	N/A	$10.00	$11.00	$13.50
B3	PJM Northern Illinois Hub 5 MW Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 4)	$300	$330	$405	N/A	$10.00	$11.00	$13.50
Z9	PJM AEP Dayton Hub 5MW Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 1)	$500	$550	$675	N/A	$50.00	$55.00	$67.50
Z9	PJM AEP Dayton Hub 5MW Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 2)	$400	$440	$540	N/A	$10.00	$11.00	$13.50
Z9	PJM AEP Dayton Hub 5MW Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 3)	$350	$385	$472.50	N/A	$10.00	$11.00	$13.50
Z9	PJM AEP Dayton Hub 5MW Peak Calendar-Month Real-Time LMP Swap Futures Contract (Tier 4)	$300	$330	$405	N/A	$10.00	$11.00	$13.50
R6	ISO New England West Central Massachusetts Zone 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$450	$495	$607.50	N/A	$45.00	$49.50	$60.75
L9	ISO New England West Central Massachusetts Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$25.00	$27.50	$33.75	N/A	$3.00	$3.30	$4.05
P2	ISO New England Connecticut Zone 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$450	$495	$607.50	N/A	$45.00	$49.50	$60.75
P3	ISO New England Connecticut Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$30.00	$33.00	$40.50	N/A	$3.00	$3.30	$4.05
P7	ISO New England North East Massachusetts Zone 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$450	$495	$607.50	N/A	$45.00	$49.50	$60.75
P8	ISO New England North East Massachusetts Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$25.00	$27.50	$33.75	N/A	$3.00	$3.30	$4.05
P4	ISO New England South East Massachusetts Zone 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$450	$495	$607.50	N/A	$45.00	$49.50	$60.75
P5	ISO New England South East Massachusetts Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$30.00	$33.00	$40.50	N/A	$3.00	$3.30	$4.05
U2	ISO New England New Hampshire Zone 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$450	$495	$607.50	N/A	$45.00	$49.50	$60.75
U3	ISO New England New Hampshire Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$25.00	$27.50	$33.75	N/A	$3.00	$3.30	$4.05
P9	ISO New England Maine Zone 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$450	$495	$607.50	N/A	$45.00	$49.50	$60.75
W2	ISO New England Maine Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$25.00	$27.50	$33.75	N/A	$3.00	$3.30	$4.05
U4	ISO New England Rhode Island Zone 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$450	$495	$607.50	N/A	$45.00	$49.50	$60.75
U5	ISO New England Rhode Island Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$25.00	$27.50	$33.75	N/A	$3.00	$3.30	$4.05
D8	PJM ComEd Zone 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$250	$275	$337.50	N/A	$20	$22	$27
D9	PJM ComEd Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$15.00	$16.50	$20.25	N/A	$2.00	$2.20	$2.70
D5	PJM Duquesne Zone 5 MW Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$200	$220	$270	N/A	$20	$22	$27
D6	PJM Duquesne Zone 5 MW Off-Peak Calendar-Month Day-Ahead LMP Swap Futures Contract	$20	$22	$27	N/A	$2.00	$2.20	$2.70
Q5	NYISO Zone C 5 MW Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract	$650	$715	$877.50	N/A	$105.00	$115.50	$141.75
A3	NYISO Zone C 5 MW Off-Peak Calendar-Month Day-Ahead LBMP Swap Futures Contract	$30.00	$33.00	$40.50	N/A	$3.00	$3.30	$4.05

Notes

The additional spot month assessment is applied in two increments. First, $100 on positions at the close of business on the business day preceding termination. Second, an additional $2,900 on positions at the close of business on the day of termination.

The additional spot month assessment is effective on the first business day of trading for the current delivery month.

For cleared contracts, the additional spot month assessment is effective on the day submission deadline terminates.

⁴

For traded contracts, the additional spot month assessment is effective as of the close of business one day prior to the last trading day.

⁵

The spot month assessment will take place in two increments. First, $100 on positions at the close of business on the day preceding termination. Second, the remaining of the spot assessment on positions at the close of business on the day after termination.

Tier Requirements: Outright Margins, Intra-Commodity Spread Margins

†

Outright Margin Tiers

2 Tiers

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd nearby and Greater

3 Tiers
(GS, LT, ME, RU, RV, UT, and YL)

Tier 1: 1st nearby month
Tier 2: 2nd nearby month
Tier 3: Greater than 2nd nearby month

3 Tiers

Tier 1: 1st through 2nd nearby month
Tier 2: 3rd through 5th nearby month
Tier 3: Greater than 5th nearby month

3 Tiers
(Natural Gas Index Swaps)

Tier 1: 1st through 2nd nearby month
Tier 2: 3rd nearby month
Tier 3: 4th nearby and Greater

4 Tiers
(MT)

Tier 1: 1st nearby month
Tier 2: 2nd through 6th nearby month
Tier 3: 7th through 11th nearby month
Tier 4: Greater than 11th nearby month

4 Tiers
(RB, RL, RT, QU)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd nearby month
Tier 3: 3rd through 7th nearby month
Tier 4 Greater than 7th nearby month

4 Tiers

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 6th nearby month
Tier 3: 7th through 12th nearby month
Tier 4: Greater than 12th nearby month

4 Tiers
(HO, QH, HK, MP, BH)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd nearby month
Tier 3: 3rd through 7th nearby month
Tier 4: Greater than 7th nearby month

5 Tiers

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

5 Tiers
(CI, NR)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 6th nearby month
Tier 3: 7th through 9th nearby month
Tier 4: 10th through 16th nearby month
Tier 5: Greater than 16th nearby month

5 Tiers
(NV, TA)

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

5 Tiers
(NX, NZ)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 5th nearby month
Tier 3: 6th through 10th nearby month
Tier 4: 11th through 17th nearby month
Tier 5: Greater than 17th nearby month

5 Tiers
(SZ)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd nearby month
Tier 3: 3rd through 4th nearby month
Tier 4: 5th through 9th nearby month
Tier 5: Greater than 9th nearby month

8 Tiers
(JM)

Tier 1: 1st nearby month

Tier 2: 2nd through 4th nearby month

Tier 3: 5th through 6th nearby month

Tier 4: 7th through 8th nearby month

Tier 5: 9th through 10th nearby month

Tier 6: 11th through 12th nearby month

Tier 7: 13th through 16th nearby month

Tier 8: Greater than 16th nearby month

9 Tiers
(HH, HP, NG, NN, NP, QG)

Tier 1: 1st nearby month

Tier 2: 2nd nearby month

Tier 3: 3rd- 7th Nearby

Tier 4: 8th� 12th Nearby

Tier 5: 13th� 24th Nearby

Tier 6: 25th- 36th Nearby

Tier 7: 37th- 48th Nearby

Tier 8: 49th- 59th Nearbyh

Tier 9: Greater than 59th Nearby

1 Tier
(R6, L9, P2, P3, P7, P8, P4, P5, U2, U3, P9, W2, U4, U5, D8, D9, D5, D6, Q5 and A3)

Tier 1: All months

4 Tiers
(U6, H2, K3, K4, T3, D2, D3, D4, H3, H5, B6, V3, B3 and Z9)

Tier 1: 1st nearby
Tier 2: 2nd - 6th Nearby
Tier 3: 7th - 11th Nearby
Tier 4: Greater than 12th Nearby

2 Tiers
(5Z, 8A, 8X, 8Z, 6Z, 8B, 9F, 8E, 8F and 9A)

Tier 1: 1st nearby
Tier 2: 2nd nearby and Greater

1 Tier
(A5, A4, E5, V7, Y4, Y3, H1, E6, V9, V6, V5, V4 and Y5)

Tier 1: All Months

Intra-Commodity Spread Tiers

4 Tiers
(HK)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd nearby month
Tier 3: 3rd through 11th nearby month
Tier 4: Greater than 11th nearby month

4 Tiers
(GX)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 6th nearby month
Tier 3: 7th through 11th nearby month
Tier 4: Greater than 11th nearby month

4 Tiers
(CL, CS, WS)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 9th nearby month
Tier 3: 10th through 33rd nearby month
Tier 4: Greater than the 33rd nearby month

4 Tiers
(BB, BZ, CY)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 12th nearby month
Tier 3: 13th through 36th nearby month
Tier 4: Greater than 36th nearby month

4 Tiers
(HO, MP, BH, QH)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd nearby month
Tier 3: 3rd through 7th nearby month
Tier 4 Greater than 7th nearby month

4 Tiers
(RM)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 3rd nearby month
Tier 3: 4th through 10th nearby month
Tier 4 Greater than 10th nearby month

4 Tiers
(RB, RL, RT, QU)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd nearby month
Tier 3: 3rd through 7th nearby month
Tier 4 Greater than 7th nearby month

5 Tiers
(NX, NZ)

Tier 1: 1st nearby month (spot month)
Tier 2: 2nd through 5th nearby month
Tier 3: 6th through 10th nearby month
Tier 4: 11th through 17th nearby month
Tier 5: Greater than 17th nearby month

1 Tier
(R6, L9, P2, P3, P7, P8, P4, P5, U2, U3, P9, W2, U4, U5, D8, D9, D5, D6, Q5 and A3)

Tier 1: All months

4 Tiers
(U6, H2, K3, K4, T3, D2, D3, D4, H3, H5, B6, V3, B3 and Z9)

Tier 1: 1st nearby
Tier 2: 2nd - 6th Nearby
Tier 3: 7th - 11th Nearby
Tier 4: Greater than 12th Nearby

2 Tiers
(5Z, 8A, 8X, 8Z, 6Z, 8B, 9F, 8E, 8F and 9A)

Tier 1: 1st nearby
Tier 2: 2nd nearby and Greater

1 Tier
(A5, A4, E5, V7, Y4, Y3, H1, E6, V9, V6, V5, V4 and Y5)

Tier 1: All Months