05/23/2003
| Effective Date: | Friday, May 23, 2003 (close of business) |
| Futures Contracts: | High Grade Copper |
| Contract Months: | All Months |
| Rate Change: |
COMEX Division Spread Margin Rates
| Clearing Member (Maintenance Margin): | Old: $420 | New: $80 |
| Member Customer (Initial Margin): | Old: $420 | New: $80 |
| Non-Member Customer (Initial Margin): | Old: $567 | New: $108 |
This notice supersedes all previous notices regarding spread margins for the COMEX High Grade Copper Contracts.