Notice to Members
Notice No. 05
01/08/2004
Margin Rate Change for High Grade Copper Futures Margins
Effective Date: Friday, January 9, 2004 (close of business)
Futures Contracts: High Grade Copper.
Contract Months: All Months
Rate Change:  

COMEX Division Margin Rates on High Grade Copper Futures Contacts
Member: Clearing & Non-Clearing (Hedge Margin): New: $1,500 Old: $1,000
Non-Member Customer (Speculative Margin): New: $2,025 Old: $1,350

This notice supercedes all previous notices regarding outright margin rates for the COMEX High Grade Copper Future Contracts.
Should you have any questions or require any further information, please contact exchangeinfo@nymex.com