08/17/2004
| Effective Date: | Wednesday, August 18, 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: $1,250 | Old: $1,750 |
| Non-Member Customer (Speculative Margin): | New: $1,688 | Old: $2,363 |
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 | $1,750 | $500 | $1,250 | $2,363 | $675 | $1,688 |
| New | $1,250 | $500 | $750 | $1,688 | $675 | $1,013 | ||