05/03/2006
Futures Contracts: Gold Futures
Contract Months: May, June, July, August, October and December 2006 ONLY
Rate Change:
COMEX Division Margins on Gold Futures Contracts
| Member: Clearing and Non-Clearing (Hedge Margin) | New: $2,750 |
Old: $2,250 |
| Non-Member Customer (Speculative Margin): | New: $3,713 |
Old: $3,038 |
Inter - Exchange Spread Credit on Gold vs. Platinum
Spread Credit |
||||||||
Spread |
Ratio |
Combined Full Margin |
Clearing Member/Member/Hedge Spread Charge |
Non-Member Spread Credit |
Gold Leg |
Platinum Leg |
Combined |
|
Gold/Platinum |
1:02 |
Old |
$6,250 |
$550 |
$743 |
$1,700 |
$3,450 |
$5,150 |
New |
$6,750 |
$550 |
$743 |
$2,200 |
$3,450 |
$5,650 |
||
Inter - Commodity Spread Credit on Gold vs. Silver
| Spread | Ratio |
Combined Full Margin |
Clearing Member/Member/Hedge Spread Credit |
Non-Member Spread Credit |
Percentage Credit of Total Outright |
|
| Gold/Silver | 2:03 |
Old |
$18,000 |
$9,000 |
$12,150 |
50% |
New |
$23,500 |
$11,750 |
$15,863 |
50% |
This notice supersedes all previous notices regarding outright margin rates for the COMEX Gold Future Contracts.