10/22/2004
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: $1,500 | Old: $1,250 |
| Non-Member Customer (Speculative Margin): | New: $2,025 | Old: $1,688 |
Inter-Exchange Spread Margins on Aluminum (AL)
Clearing Member/Member/Hedge |
Non-Member |
Spread |
Ratio |
COMEX Full Margin |
COMEX Spread Charge |
COMEX Spread Credit |
COMEX Full Margin |
COMEX Spread Charge |
COMEX Spread Credit |
COMEX/LME |
1:01 |
Old |
$1,250 |
$500 |
$750 |
$1,688 |
$675 |
$1,013 |
New |
$1,500 |
$500 |
$1,000 |
$2,025 |
$675 |
$1,350 |
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Should you have any questions regarding these changes, please contact Arthur McCoy at (212) 299-2928 or William Doherty at (212) 299-2925. This notice supercedes all previous notices regarding outright margin rates for the COMEX Aluminum Future Contracts.