02/19/2004
| Effective Date: | Friday, February 20, 2004 (close of business) |
| Futures Contracts: | Silver Futures |
| Contract Months: | All Months |
| Rate Change: |
COMEX Division Margin Rates on Silver Futures Contacts
| Member: Clearing & Non-Clearing (Hedge Margin): | New: $2,000 | Old: $1,500 |
| Non-Member Customer (Speculative Margin): | New: $2,700 | Old: $2,025 |
This notice supercedes all previous notices regarding outright margin rates for the COMEX Silver Futures Contracts.