05/27/2004
| Effective Date: | Friday, May 28, 2004 (close of business) |
| Futures Contract: | Aluminum Futures |
| Contract Months: | All Months |
| Rate Change: |
COMEX Division Margins on Aluminum Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $1,750 | Old: $1,500 |
| Non-Member Customer (Speculative Margin): | New: $2,363 | Old: $2,025 |
Inter-Exchange Spread Margins on Aluminum
(AL) |
||||||||
Spread |
Ratio |
Clearing Member/Member/Hedge |
Non-Member |
|||||
| COMEX Full Margin | COMEX Spread Charge | COMEX Spread Credit | COMEX Full Margin | COMEX Spread Charge | COMEX Spread Credit | |||
| COMEX/LME | 1:01 | Old | $1,500 | $500 | $1,000 | $2,025 | $675 | $1,350 |
| New | $1,750 | $500 | $1,250 | $2,363 | $675 | $1,688 | ||
This notice supercedes all previous notices regarding outright margin rates for the COMEX Aluminum Future Contracts.