09/16/2005
Effective Date: Monday, September 19, 2005(close of business)
Futures Contracts: Silver Futures
Contract Months : All Months
Rate Change:
COMEX Division Margin Rates on Silver Futures Contracts
Member: Clearing & Non-Clearing (Hedge Margin): New: $1,500 Old: $2,000
Non-Member Customer (Speculative Margin): New: $2,025 Old: $2,700
Inter-Commodity Spread Margins on Gold and Silver |
||||||
Spread |
Ratio |
|
Combined Full Margin |
Clearing Member/Member/ Hedge Spread Credit |
Non-Member Spread Credit |
Percentage Credit of Total Outright |
GOLD/SILVER |
2:3 |
OLD |
$8,000 |
$4,000 |
$5,400 |
50% |
|
|
New |
$6,500 |
$3,250 |
$4,388 |
50% |
This notice supercedes all previous notices regarding outright margin rates for the COMEX Silver Future Contracts.